Refex Industries Limited , a prominent player in the Indian industrial sector, has taken a significant step to enhance employee engagement and ownership. The company recently announced the allotment of 2,73,925 equity shares under its Employee Stock Option Scheme (ESOP) 2021, demonstrating its commitment to aligning employee interests with company growth.

Key Highlights of the ESOP Allotment

• Shares Allotted: 2,73,925 equity shares
• Face Value: ₹2.00 per share
• Capital Raised: ₹1.12 crore
• Allotment Date: November 20, 2025

Impact on Share Capital

The allotment has resulted in a notable increase in the company's paid-up equity share capital:

ESOP Scheme Details

• Scheme Name: Refex Employee Stock Option Scheme 2021
• Total Shares Covered: 1,00,00,000 equity shares
• Exercise Period: 10 years from the date of vesting
• Money Realized: ₹1,11,96,899.00

Pricing and Vesting

The company has implemented a dual-pricing strategy for different tranches of the ESOP:

This tiered pricing structure potentially reflects different grant dates or performance milestones, offering a balanced approach to reward employees while maintaining financial prudence.

Regulatory Compliance

The allotment was approved by the Nomination and Remuneration Committee and is in compliance with the Securities and Exchange Board of India (SEBI) regulations, including:

• SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015
• SEBI (Share Based Employee Benefits and Sweat Equity) Regulations, 2021

Implications for Stakeholders

1. Employees: The ESOP allotment provides eligible employees with an opportunity to benefit from the company's future growth, potentially enhancing motivation and retention.

2. Investors: While there is a slight dilution in existing shareholding, the alignment of employee interests with company performance could lead to improved long-term value creation.

3. Company: By strengthening employee ownership, Refex Industries aims to foster a culture of shared success and commitment to corporate objectives.

This strategic move by Refex Industries underscores the company's focus on employee welfare and long-term value creation. As the company continues to grow, the ESOP scheme may play a crucial role in attracting and retaining top talent in a competitive market landscape.

Refex Industries Limited (ISIN: INE056I01025) has announced a significant addition to its senior management team, appointing Mr. Gautam Jain as Sr. Vice President - Investor Relations, effective November 17, 2025. This strategic move, approved by the company's Board of Directors, aims to strengthen Refex Industries' investor relations capabilities.

Key Appointment Details

Professional Background

Mr. Gautam Jain brings approximately 20 years of diverse experience to his new role at Refex Industries. His expertise spans across:

• Investor Relations
• Corporate Strategy
• Corporate Communications

Throughout his career, Jain has collaborated closely with senior leadership teams, including promoters, CEOs, MDs, and CFOs across various industry segments and business scales.

Core Competencies

Jain's core competencies in end-to-end Investor Relations management include:

• Spearheading fund-raising initiatives (IPO, QIP, Rights Issues, Private Equity, etc.)
• Conducting Non-Deal Roadshows (NDRs)
• Managing sell-side analysts
• Interacting with global and domestic institutional investors
• Organizing analyst meets, conference calls, and related engagements

Industry Experience

Mr. Jain has held leadership roles across diverse sectors, including:

• Wood Panel Manufacturing
• Infrastructure Development
• EPC Contracting
• Retail/Manufacturing

Educational Background

Jain holds an MBA in Finance from ICFAI Business School, Bangalore, further solidifying his expertise in the financial domain.

This appointment underscores Refex Industries' commitment to enhancing its investor relations function and improving communication with its stakeholders. As Sr. Vice President - Investor Relations, Mr. Gautam Jain is expected to play a crucial role in shaping the company's investor engagement strategies and fostering stronger relationships with the investment community.

The move comes as part of Refex Industries' ongoing efforts to strengthen its management team and improve its market positioning. With Jain's extensive experience and skill set, the company is well-positioned to enhance its investor relations activities.