Refex Industries Limited has achieved a crucial regulatory milestone by receiving approval letters with no negative remarks from both BSE Limited and the National Stock Exchange of India Limited for its planned composite scheme of amalgamation and arrangement. The observation letters were issued under Regulation 37 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Scheme Structure and Key Entities

The proposed amalgamation scheme involves three key entities in a complex corporate restructuring arrangement that is currently pending regulatory approvals:

The scheme operates under sections 230 to 232 of the Companies Act, 2013, and involves the respective shareholders and creditors of all three entities. This corporate restructuring represents a significant step in the company's strategic reorganization.

Stock Exchange Approval and Compliance Requirements

Both BSE and NSE have issued comprehensive observation letters outlining specific compliance requirements that must be fulfilled. The exchanges have imposed several critical conditions:

Key Compliance Framework

Listing Conditions for Reflex Mobility Limited

The listing of Reflex Mobility Limited as the resulting company is subject to specific regulatory conditions:

Regulatory Framework and Next Steps

The approval letters emphasize that the 'no adverse observation' status does not constitute approval of the scheme's financial soundness or correctness of submitted documents. The scheme remains subject to applicable regulatory approvals, including crucial approval from the National Company Law Tribunal (NCLT).

Implementation Timeline

Both exchanges have reserved the right to withdraw their approval status if submitted information is found to be incomplete, incorrect, or misleading. The company must ensure continuous compliance with listing regulations and maintain transparency throughout the implementation process.

Refex industries Limited has announced the appointment of MUFG Intime India Private Limited as its Investor Relations Agency, marking a strategic move to enhance its capital market presence and investor engagement capabilities.

Strategic Appointment Details

The company disclosed the engagement under Regulation 30 of the SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015, with the appointment taking effect immediately. The primary objectives of this engagement include:

• Strengthening investor communication channels
• Enhancing transparency in corporate disclosures
• Improving the company's visibility in capital markets

About MUFG Intime India

MUFG Intime India Private Limited brings significant expertise to this partnership as part of the larger MUFG Corporate Markets division under MUFG Pension & Market Services. The organization has established itself as a prominent player in the investor relations space with comprehensive service offerings.

The Investor Relations division of MUFG Corporate Markets operates as a global leader, providing specialized services to listed companies worldwide. MUFG Intime India Private Limited has positioned itself as a trustworthy, reliable, and ethical service provider in the securities market.

Corporate Communication

The announcement was formally communicated to both major stock exchanges where Refex Industries is listed. The disclosure was signed by Ankit Poddar, Company Secretary & Compliance Officer (ACS-25443), on March 11, 2026.

The company has made this information available on its official website at www.refex.co.in , ensuring transparency and accessibility for all stakeholders. This appointment represents Refex Industries' commitment to maintaining high standards of investor relations and corporate governance practices.