Refex Industries wins ₹29.34 Cr order for pond ash transportation

Refex Industries Limited has secured a new order worth approximately ₹29.34 crore from a Maharatna Central Public Sector Enterprise (CPSE) for the transportation of pond ash to National Highways Authority of India (NHAI) road projects. The contract, which is domestic in nature, is expected to be executed over a period of 12 months, providing the company with a specific timeline for service delivery.

The order entails the supply and services related to the transportation of pond ash, a critical material for infrastructure development under NHAI 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.

Particulars	Details
Entity awarding the order	Major Power Producer (A Maharatna CPSE)
Nature of order	Transportation of pond ash to NHAI road projects
Time period for execution	12 Months
Order size	~ INR 29.34 Crore
Domestic/International	Domestic

The company stated that the broad consideration for the contract is around ₹29.34 crore. This order is part of refex industries 's ongoing efforts to expand its operational footprint in the infrastructure support services domain.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
+1.86%	+10.34%	+25.08%	+24.22%	-22.01%	+1,083.68%

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.