Refex Renewables & Infrastructure Limited has scheduled its 32nd Annual General Meeting for Friday, September 18, 2026. The event will be conducted via video conferencing or other audio-visual means in compliance with Ministry of Corporate Affairs and SEBI directions.

The company submitted its Annual Report for FY26 along with the AGM notice to BSE Limited on August 25, 2026. Documents are available on the company website and NSDL portal.

Meeting Schedule

Shareholders can participate remotely through the following timeline:

Participation Details

Eligible shareholders received the notice only through electronic mode at registered email IDs. Physical shareholders must write to the company or RTA to update contact details.

Mr. A Mohan Kumar, Practicing Company Secretary, will scrutinize the remote e-voting process. Ms. Pallavi Mhatre of NSDL serves as the designated contact for technical support during voting.

Refex Renewables & Infrastructure Limited has reported its audited financial results for the fourth quarter and fiscal year ended March 31, 2026. The Board of Directors approved the results during a meeting held on May 21, 2026. The company reported a consolidated net loss of ₹4,296 lakh for the financial year, widening from the net loss of ₹3,639 lakh recorded in the previous year. On a standalone basis, the company reported a net loss of ₹1,200 lakh for FY26.

Consolidated Performance

For the year ended March 31, 2026, the consolidated revenue from operations decreased to ₹6,647 lakh from ₹6,799 lakh in the prior year. Total income stood at ₹7,262 lakh, down from ₹7,397 lakh in FY25. The company faced significant finance costs, which amounted to ₹4,805 lakh during the year, contributing to the overall loss. The basic earnings per share (EPS) for the year was reported at (₹95.27), compared to (₹81.26) in the previous year.

The auditors, M/s A B C D & Co. LLP, issued a modified opinion on the consolidated financial results. The qualification relates to two subsidiaries, Ishaan Solar Power Private Limited and SEI Tejas Private Limited, where sufficient audit evidence was not available for certain liabilities aggregating to ₹375.51 lakh, a long-term borrowing of ₹1,270.25 lakh, and a fixed deposit of ₹40.10 lakh. Additionally, liabilities of ₹57.47 lakh written back as income were not supported by audit evidence.

Standalone Results

On a standalone basis, the company reported a total income of ₹1,295 lakh for FY26, a decline from ₹2,053 lakh in the previous year. The net loss for the year stood at ₹1,200 lakh, compared to a net loss of ₹919 lakh in FY25. Revenue from operations dropped to ₹990 lakh from ₹1,876 lakh in the prior year. The standalone results received an unmodified opinion from the auditors.

Financial Position and Cash Flows

The consolidated balance sheet as of March 31, 2026, showed total assets of ₹51,730 lakh, slightly lower than the ₹51,735 lakh reported in the previous year. The company's equity remained in negative territory, with total equity recorded at (₹8,152) lakh. The net cash generated from operating activities for the year was ₹1,587 lakh, while the company reported a net decrease in cash and cash equivalents of ₹584 lakh, bringing the closing balance to ₹585 lakh.

Going Concern and Segment Performance

The financial statements have been prepared on a going concern basis, supported by a letter of support from a promoter shareholder. However, the auditors noted a material uncertainty regarding the company's ability to continue as a going concern due to the erosion of net worth. The company operates primarily in the Commercial and Industrial segment and Compressed Bio Gas segment. The Commercial and Industrial segment reported revenue of ₹6,043 lakh for the year, while the Compressed Bio Gas segment contributed ₹505 lakh.