Refex renewables infrastructure Limited has submitted its quarterly compliance certificate to BSE Limited, confirming zero physical share certificates received for dematerialisation during the fourth quarter of FY2025-26. The certificate was filed under Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018.

Quarterly Compliance Certificate Details

The company filed the mandatory certificate for the quarter ended March 31, 2026, confirming no physical share certificates were received for conversion to electronic form. This compliance requirement ensures transparency in the dematerialisation process of equity shares.

Registrar Confirmation

The certificate was based on confirmation received from GNSA Infotech Private Limited, which serves as the Registrar and Share Transfer Agent (RTA) for Refex Renewables & Infrastructure Limited. GNSA Infotech confirmed that no physical share certificates were submitted for dematerialisation during the specified quarter.

The RTA's confirmation included certification that:

• Securities comprised in certificates have been listed on stock exchanges
• Certificates have been duly verified, mutilated and cancelled
• Depository name has been substituted as registered owner in company records

Compliance Documentation

Company Secretary and Compliance Officer Vinay Aggarwal (ACS-39099) digitally signed the certificate on April 02, 2026. The document was officially submitted to BSE Limited and copies were sent to both major depositories - National Securities Depository Limited (NSDL) and Central Depository Services (India) Limited (CDSL).

Regulatory Framework

This quarterly filing represents standard compliance under SEBI's regulatory framework governing depositories and participants. The regulation mandates companies to report the status of physical share certificate dematerialisation on a quarterly basis, ensuring proper oversight of the conversion process from physical to electronic securities.

Refex renewables infrastructure & Infrastructure Limited has successfully completed a significant acquisition in the renewable energy sector through its subsidiary company. The acquisition strengthens the company's position in the sustainable energy and waste management business.

Acquisition Details and Structure

Refex Sustainability Solutions Limited (RSSL), a wholly-owned subsidiary of Refex Renewables, completed the acquisition of 91.43% equity share capital and voting rights of Spectrum Renewable Energy Private Limited during FY26. The acquisition was structured in multiple phases to ensure smooth transition and compliance with regulatory requirements.

Phased Acquisition Timeline

The acquisition was executed in three distinct tranches over several months, demonstrating a carefully planned approach to the transaction. Each phase was completed upon fulfillment of various conditions precedent as specified in the Share Purchase Agreement.

Target Company Operations

Spectrum Renewable Energy Private Limited operates in the sustainable energy sector with focus on waste-to-energy solutions. The company's business model aligns with the growing emphasis on circular economy and sustainable waste management practices.

Key Business Activities:

• Generation of Compressed Bio-Gas (CBG) from biodegradable wastes
• Production of organic manure from press-mud and other organic waste materials
• Operations based at Warananagar, Kolhapur facility

Future Plans and Compliance

RSSL intends to acquire the remaining 8.57% equity stake in Spectrum Renewable Energy as per the original Share Purchase Agreement. This future acquisition will be subject to necessary compliance requirements and conditions specified in the agreement. The completion of the remaining stake acquisition would result in 100% ownership of the target company.

The acquisition details required under Schedule III to the SEBI Listing Regulations were previously disclosed in the company's announcement dated February 12, 2025, ensuring full regulatory compliance and transparency for stakeholders.