Refex Industries promoter pledges 23.06% stake in FY26
Refex Holding Private Limited, the promoter of Refex Industries, pledged 3,16,36,946 equity shares during the financial year 2025-26. This represents 23.06% of the company's total paid-up share capital. The disclosure was made to the exchanges under Regulation 31(5) of the SEBI SAST Regulations.
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Refex Holding Private Limited, the promoter of refex industries , has pledged 3,16,36,946 equity shares during the financial year 2025-26. The pledged shares represent 23.06% of the total paid-up share capital of the company. This disclosure was submitted to the stock exchanges pursuant to Regulation 31(5) of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.
The promoter, formerly known as Sherisha Technologies Private Limited, holds a total of 7,66,23,085 equity shares, which constitutes 55.85% of the paid-up share capital. The encumbrance was declared in a letter dated April 06, 2026, signed by Anil Jain, Managing Director of Refex Holding Private Limited. The filing was submitted by Ankit Poddar, Company Secretary & Compliance Officer of Refex Industries Limited.
Shareholding and Encumbrance Details
The following table outlines the promoter's shareholding and the specific details of the encumbrance as on March 31, 2026:
| Name of the Promoter | Number of Shares held | %age of paid-up share capital | Number of Pledged Shares | %age of paid-up share capital |
|---|---|---|---|---|
| Refex Holding Private Limited (formerly known as Sherisha Technologies Private Limited) | 7,66,23,085 | 55.85% | 3,16,36,946 | 23.06% |
| TOTAL | 7,66,23,085 | 55.85% | 3,16,36,946 | 23.06% |
Promoter Group Structure
The disclosure also identified the members of the Promoter and Promoter Group as per the shareholding pattern of Refex Industries. Along with Refex Holding Private Limited, the promoters include Mr. Tarachand Jain and Mr. T Anil Jain. The Promoter Group comprises Mrs. Dimple Jain, Mrs. Ugamdevi Jain, and Mr. Yash Jain.
Historical Stock Returns for Refex Industries
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +5.73% | +13.80% | +25.50% | +22.29% | -27.32% | +1,100.21% |
What specific purpose will the funds raised from pledging these shares be utilized for?
How might this significant increase in encumbrance impact investor confidence and the stock's volatility?
What are the potential risks if the market value of Refex Industries declines significantly while the shares remain pledged?
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