Refex industries Limited has submitted its mandatory quarterly compliance certificate to stock exchanges, fulfilling regulatory requirements under SEBI (Depositories and Participants) Regulations, 2018. The certificate covers the fourth quarter ended March 31, 2026, and was filed with both BSE and NSE on April 09, 2026.

Regulatory Compliance Certificate

The certificate was issued by Cameo Corporate Services Limited, serving as the company's Registrar and Share Transfer Agent (RTA). This document confirms the company's compliance with Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018 for the reporting quarter.

Certificate Confirmation Details

Cameo Corporate Services Limited confirmed several key compliance aspects in their certificate dated April 03, 2026. The RTA verified that securities received from depository participants for dematerialisation during the quarter were properly processed and confirmed to the depositories within stipulated timeframes.

The certificate also confirms that:

• Securities comprised in the certificates have been listed on stock exchanges where earlier issued securities are listed
• Security certificates received for dematerialisation have been mutilated and cancelled after due verification
• Names of depositories have been substituted in the register of members as registered owners within regulatory time limits

Stock Exchange Submission

The compliance certificate was formally submitted to both major Indian stock exchanges where Refex Industries shares are traded. The company maintains its listing on BSE with scrip code 532884 and on NSE with symbol REFEX.

Corporate Information

Refex Industries Limited operates as part of the Refex Group and holds CIN L45200TN2002PLC049601. The company's registered office is located in Chennai, Tamil Nadu. Company Secretary and Compliance Officer Ankit Poddar digitally signed the submission document, ensuring proper authentication of the regulatory filing.

This quarterly certificate submission represents part of the company's ongoing compliance with SEBI regulations governing depositories and participants, maintaining transparency in securities handling and dematerialisation processes.

Refex Industries Limited has completed the redemption of Optional Convertible Debentures (OCDs) worth ₹3,00,00,000 from its subsidiary Venwind Refex Power Limited (VRPL) on April 08, 2026. The company also converted an outstanding loan amount of ₹4,85,03,664 into equity shares, further strengthening its position in the subsidiary.

Transaction Details

The loan conversion involved the allotment of 2,768 equity shares of VRPL to Refex Industries at a face value of ₹10 each and a premium of ₹17,513 per equity share, totaling a fair value of ₹17,523 per share. This transaction has increased Refex Industries' shareholding in VRPL from 77.39% to 77.77%, representing a 0.38% increase in stake.

Subsidiary Information

Venwind Refex Power Limited, incorporated on December 20, 2024, operates in the power and energy industry with a focus on wind power and allied sector activities. The subsidiary's paid-up capital increased from ₹16,16,110 to ₹16,43,790 following the conversion, comprising 1,64,379 fully paid-up equity shares of ₹10 each.

Strategic Objectives

The conversion of the outstanding loan into equity shares aims to strengthen VRPL's capital structure and support its future growth and operational expansion. This strategic move is expected to optimize the debt-equity ratio of the subsidiary and enhance its overall financial sustainability. The transaction represents a restructuring of existing financial arrangements rather than fresh capital infusion.

Shareholding Changes

Following the conversion, Refex Industries' shareholding in VRPL increased from 1,25,074 equity shares (77.39%) to 1,27,842 equity shares (77.77%). The transaction falls within related party transactions as VRPL is a subsidiary of Refex Industries and complies with applicable provisions of the Companies Act, 2013 and other relevant regulatory guidelines.

Regulatory Compliance

The disclosure was made under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, in accordance with the SEBI Master Circular. The transaction was completed on April 08, 2026, and required no additional governmental or regulatory approvals as it involved conversion of existing loan arrangements rather than a fresh acquisition.