Refex Industries has witnessed a significant increase in pledged shares held by Catalyst Trusteeship Limited, as disclosed in a regulatory filing dated January 20, 2026. The trustee company, acting as Debenture Trustee on behalf of debenture holders, has pledged an additional 45,19,856 shares of the Chennai-based company.

Share Pledging Details

The latest transaction, executed on January 16, 2026, involved pledging equity shares as encumbrance. This brings Catalyst Trusteeship's total holding of pledged shares to substantial levels.

Regulatory Compliance

The disclosure was made pursuant to Regulation 29(2) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. Catalyst Trusteeship Limited, formerly known as GDA Trusteeship Ltd, filed the necessary documentation with both BSE Limited and National Stock Exchange of India Limited, where Refex Industries shares are listed.

Company Capital Structure

Refex Industries maintains its equity share capital structure unchanged following this pledging activity. The company's capital details remain as follows:

The diluted capital calculation includes outstanding ESOP grants, providing a comprehensive view of the company's potential share capital.

Trustee Role and Authorization

Deesha Srikkanth, Senior Vice President at Catalyst Trusteeship Limited, signed the disclosure documents on behalf of the company. The trustee operates in a fiduciary capacity, holding these shares as security for debenture holders rather than as a promoter or promoter group entity.

This pledging arrangement represents a standard corporate financing structure where equity shares serve as collateral for debt instruments, providing security to debenture investors while allowing the original shareholders to retain beneficial ownership of the underlying assets.

Refex Industries has formally notified stock exchanges about its upcoming Board of Directors meeting scheduled for January 21, 2026. The meeting will focus on reviewing and approving the company's quarterly financial performance for the third quarter of the current financial year.

Board Meeting Details

The company has communicated to both BSE and NSE regarding the board meeting scheduled for Wednesday, January 21, 2026. The primary agenda includes consideration and approval of unaudited financial results for a specific reporting period.

Trading Window Restrictions

Refex Industries has implemented trading window restrictions in accordance with regulatory requirements. The company previously announced the closure of trading window on December 26, 2025, which became effective from January 1, 2026.

Regulatory Compliance

The board meeting notification has been issued under Regulation 29(1) of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. This regulation mandates listed companies to inform stock exchanges about board meetings where financial results will be considered.

The trading window closure aligns with the company's internal code of conduct for regulating, monitoring and reporting of trading in securities by insiders. This measure ensures compliance with SEBI's prohibition of insider trading regulations.

Company Information

Refex Industries operates from its registered office located at Refex Towers, Sterling Road, Nungambakkam, Chennai, Tamil Nadu. The company maintains its manufacturing facility at Thiruporur in Chengalpattu District, Tamil Nadu. The notification was signed by Company Secretary and Compliance Officer Ankit Poddar on January 16, 2026.