Refex Industries Limited has secured an order worth approximately ₹21.15 crore from a Maharatna Central Public Sector Enterprise (CPSE) for the transportation of ash to road projects managed by the National Highways Authority of India (NHAI) and other government authorities. The domestic contract is expected to be executed over a period of 12 months, providing the company with a defined timeline for service delivery.

The order entails the supply and services related to the transportation of ash to construction sites of road projects of NHAI, other Central or State Government Road construction departments, Authorities, and PMGSY Road Projects. This engagement marks a significant addition to the company's order book, reinforcing its presence in the logistics and transportation sector for industrial by-products.

Order Details

The disclosure regarding the order was made under Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company confirmed that the order does not fall within related party transactions and that the promoter, promoter group, or group companies hold no interest in the awarding entity. The following table summarises the key details of the contract:

The broad consideration for the contract is around ₹21.15 crore. This order is part of Refex Industries' ongoing efforts to expand its operational footprint in the infrastructure support services domain.

The National Company Law Tribunal (NCLT), Chennai Bench, has scheduled meetings for the creditors and shareholders of refex industries on August 5, 2026, to consider the Composite Scheme of Amalgamation and Arrangement involving Refex Industries Limited, Refex Green Mobility Limited, and Refex Mobility Limited. The order, dated June 18, 2026, outlines specific timelines for secured and unsecured creditors of both Refex Green Mobility Limited and Refex Industries Limited to approve the proposed scheme. The meetings will be held via video conferencing or at the registered offices of the respective companies.

The Tribunal has dispensed with the requirement to convene meetings for the equity shareholders of Refex Mobility Limited and Refex Green Mobility Limited. Additionally, the order notes that Refex Mobility Limited has no secured or unsecured creditors, eliminating the need for such meetings. The equity shareholders of Refex Industries Limited are, however, required to meet to approve the scheme. The composite scheme aims to amalgamate Refex Green Mobility Limited (Transferor Company) and Refex Industries Limited (Transferee Company) with Refex Mobility Limited (Resulting Company).

The meetings for the secured and unsecured creditors of Refex Green Mobility Limited are set for 10:00 am and 10:30 am respectively, while those for Refex Industries Limited are scheduled for 11:30 am and 12:00 pm. The equity shareholders of Refex Industries Limited will meet at 11:00 am. All times are in Indian Standard Time (IST). The scheme was initially approved by the Board of Directors of Refex Industries Limited on September 22, 2025, and is subject to the receipt of applicable regulatory and other approvals.

The following table details the schedule of meetings ordered by the NCLT:

The amalgamation scheme is pursuant to Sections 230 to 232 of the Companies Act, 2013. A certified copy of the NCLT order is currently awaited. The company stated that the information regarding the order and the scheduled meetings will be hosted on its website. Refex Industries Limited, a part of the Refex Group, informed the exchanges via its Company Secretary and Compliance Officer, Ankit Poddar.