Refex Renewables Infrastructure , a prominent player in the renewable energy sector, has announced a significant expansion into the fertilizer manufacturing and trading business. The company's shareholders approved amendments to its Memorandum of Association at the 31st Annual General Meeting held on September 18, 2025, paving the way for this strategic diversification.

New Business Venture

The company will now engage in the production and distribution of various types of fertilizers, including:

• Chemical fertilizers
• Organic fertilizers
• Bio-based products
• Fermented Organic Manure (FOM)
• Liquid Fermented Organic Manure (LFOM)
• Phosphate Rich Organic Manure (PROM)
• Bio-fertilizers
• Bio-pesticides
• Herbal soil conditioners
• Compost
• Micronutrients
• Plant growth promoters
• Bio stimulants

These products will be available in both bulk and customized forms, catering to diverse agricultural needs.

'Biodhanic' Brand Launch

Refex Renewables plans to commercialize its organic manure products under the brand name 'Biodhanic'. This new product line is targeted at both domestic and international markets, signaling the company's ambition to establish a strong presence in the agricultural inputs sector.

Strategic Rationale

The diversification into the fertilizer business stems from the company's existing Compressed Bio-Gas (CBG) operations. The CBG production process yields nutrient-rich digestate as a byproduct, which can be further processed into high-quality organic manure. This move allows Refex Renewables to create additional value from its current operations while contributing to sustainable agricultural practices.

Environmental and Economic Benefits

By entering the organic fertilizer market, Refex Renewables aims to:

1. Enhance its revenue streams
2. Strengthen its environmental, social, and governance (ESG) credentials
3. Offer environmentally friendly alternatives to synthetic fertilizers
4. Support the growing trend towards organic and sustainable farming practices

Future Plans

The company has outlined ambitious plans for its new fertilizer business, including:

• Establishing research and development centers
• Setting up incubation units and pilot demonstration farms
• Creating soil input testing laboratories
• Collaborating with farmers, Farmer Producer Organizations (FPOs), cooperatives, and research institutions
• Developing infrastructure for composting, granulation, and fermentation of organic inputs

Market Outlook

The organic agricultural sector is experiencing significant growth, driven by increasing consumer preference for organic products and supportive government policies promoting sustainable farming practices. This trend positions Refex Renewables' new venture favorably in the market.

Regulatory Compliance

The company is currently in the process of filing the required documents for the alteration of its Object Clause. Business operations in the new segment will commence after receiving necessary approvals from the Registrar of Companies Chennai and obtaining required licenses.

Refex Renewables Infrastructure's move into the fertilizer business represents a strategic step towards diversification and sustainability. By leveraging its existing operations and tapping into the growing demand for organic agricultural inputs, the company is positioning itself for potential growth in this new market segment.

Refex Renewables Infrastructure , a player in the renewable energy sector, has reported continued losses for the first quarter, while simultaneously announcing a strategic expansion into the organic fertilizer business.

Financial Performance

The company's unaudited consolidated financial results for Q1 reveal:

• Revenue from operations: ₹1,674.00 lakhs
• Total income: ₹1,863.00 lakhs
• Net loss: ₹751.00 lakhs

The financial performance indicates ongoing challenges, with the company's net worth fully eroded, raising concerns about its ability to continue as a going concern. However, management remains optimistic, citing plans to evaluate new business opportunities and improve operational efficiencies.

Segment Performance

The Commercial and Industrial segment contributed the majority of revenue but reported a significant loss, while the Rural segment showed positive results despite lower revenue.

Strategic Expansion

In a significant move, Refex Renewables' Board of Directors has approved an alteration to the company's Memorandum of Association to include the manufacturing and distribution of organic fertilizers. The new product line will be marketed under the brand name 'Refex' with the product name 'Biodhanic'.

This initiative aims to commercialize digestate as organic manure, aligning with the company's sustainability commitments and potentially creating new revenue streams. The expansion includes plans for producing:

• Fermented Organic Manure (FOM)
• Liquid Fermented Organic Manure (LFOM)
• Phosphate Rich Organic Manure (PROM)
• Other bio-fertilizers

Corporate Governance and Management

The company has made several key appointments to strengthen its management team:

1. Mr. Purvesh Madhusudan Kapadia as Chief Human Resource Officer
2. Mr. Jaya Krishna as Director – Finance
3. Mr. Sahil Singla as President – Corporate Finance
4. Mr. Sonal Jain as Vice-President – Accounts & Taxation
5. Ms. Harini Sriraman as Vice-President – Group General Counsel
6. Ms. Srividya Nirmalkumar as Vice-President – Corporate Communications
7. Mr. Suhail Shariff as Vice-President – Administration & Facility
8. Mr. Srivaths Varadharajan as Chief Technology Officer
9. Mr. Gagan Bihari Pattnaik as General Manager – ESG & Sustainability

Upcoming Annual General Meeting

Refex Renewables has scheduled its 31st Annual General Meeting for September 18, to be held through video conferencing. The company has also appointed scrutinizers and auditors for the upcoming financial year.

Conclusion

While Refex Renewables Infrastructure faces financial challenges, its expansion into the organic fertilizer market and the appointment of new senior management personnel signal efforts to diversify revenue streams and strengthen operations. The company's ability to execute its new business strategy and improve financial performance will be crucial in the coming quarters.