Refex Industries Limited has filed its Business Responsibility and Sustainability Report (BRSR) for the financial year 2025-26, reporting a revenue of ₹2,302 crore and zero fatalities across its operations. The company, which operates in ash utilization, refrigerants, and clean energy, has committed to achieving carbon neutrality by 2035 and net-zero status by 2040, alongside a water positivity target by 2035. The disclosures were made on a consolidated basis and include an assurance report from SGS India Private Limited.

The report highlights that the company achieved 100% renewable energy adoption at its Thiruporur refrigerant plant through rooftop solar installations. Refex Industries also recorded zero fatalities during FY 2025-26, reflecting the effectiveness of its ISO 45001:2018 certified Occupational Health and Safety Management System. The company’s CSR investments exceeded the statutory mandate by three times, focusing on education, healthcare, and biodiversity conservation.

Financial and Operational Metrics

The BRSR provides key financial and operational data for the reporting period. The company’s paid-up capital stood at ₹27,43,98,782, while exports contributed less than 1% to the total turnover. The report notes that the inclusion of additional operational sites in the reporting boundary led to an increase in reported energy consumption and carbon emissions, though emissions intensity metrics remained stable.

Environmental and Social Governance

Refex Industries has implemented several environmental management initiatives, including ISO 14001:2015 certification for its Environmental Management System. The company utilized 100% of the ash it handled for circular economy applications, with 60% used in road construction, 23% in land reclamation, 14% in brick manufacturing, and 3% in cement production. The report also details the company’s efforts to reduce Scope 1 and Scope 2 emissions through fleet optimization and renewable energy adoption.

On the social front, the company reported gross wages paid to females as 12% of total wages for FY 2025-26, down from 19% in the previous year. The CSR Committee of the Board, comprising Sivaramakrishnan Vasudevan, Dinesh Kumar Agarwal, and Anil Jain, oversees the company's ESG and social initiatives. The company has also established a Board-level Sustainability Committee to strengthen governance architecture.

Assurance and Compliance

The BRSR data has undergone a limited assurance engagement conducted by SGS India Private Limited in accordance with the International Standard on Assurance Engagements (ISAE) 3000 (Revised). The assurance covered BRSR core indicators and non-core parameters, including essential and leadership indicators. The report confirms that the company is compliant with applicable environmental laws and regulations in India.

Refex Industries has secured an order worth ₹20.94 crore for ash transportation to construction sites of road projects. The contract involves services for the National Highways Authority of India (NHAI) and other Central or State Government road construction departments, including PMGSY Road Projects. This 12-month engagement reinforces the company's presence in the infrastructure logistics sector.

Order Details

The following table summarises the key details of the order as per the disclosure:

Operational Context

The order pertains to the transportation of ash, a critical logistics service for infrastructure development. The scope covers the movement of materials to construction sites managed by government authorities such as NHAI and PMGSY. The awarding entity is based in Maharashtra. This contract adds to the company's order book, reflecting continued demand for specialised transportation services in the road construction sector.