Refex Industries Limited has disclosed the acquisition of 1,00,000 equity shares by its promoter entity Refex Holding Private Limited through an open market purchase. The transaction was completed on March 05, 2026, and disclosed in compliance with SEBI regulations governing substantial acquisitions.

Transaction Details

The acquisition represents a modest increase in the promoter's shareholding in the company. The following table summarizes the key transaction parameters:

Shareholding Changes

The acquisition resulted in a marginal increase in Refex Holding Private Limited's stake in Refex Industries. The promoter's shareholding position before and after the transaction shows the following changes:

Company Capital Structure

Refex Industries' equity share capital structure remained unchanged following the transaction. The company maintains its existing capital base with specific parameters:

Promoter Group Holdings

The complete promoter group shareholding structure as of March 06, 2026, demonstrates the distribution of ownership among various promoter entities and individuals. Refex Holding Private Limited remains the primary promoter entity with the largest shareholding at 55.85% of the paid-up share capital. Other promoter group members including Mrs. Ugamdevi Jain, Mrs. Dimple Jain, and Mr. Yash Jain hold warrants that contribute to the diluted shareholding calculation.

Regulatory Compliance

The disclosure was made under Regulation 29(2) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The transaction was formally communicated to both BSE Limited and National Stock Exchange of India Limited, where Refex Industries shares are listed. The company secretary Ankit Poddar signed the disclosure documents on behalf of Refex Holding Private Limited on March 06, 2026.

Refex Industries has witnessed additional pledge of equity shares by its promoter company, as disclosed by Catalyst Trusteeship Limited in a regulatory filing dated February 27, 2026. The disclosure was made pursuant to Regulation 29(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.

Additional Share Pledge Details

Refex Holding Private Limited, the promoter-cum-holding company, pledged 50,45,816 additional equity shares of Refex Industries Limited on February 25, 2026. This pledge was created under the terms of an Unattested Securities Pledge Agreement originally dated July 30, 2025, which was subsequently amended through a deed of confirmation and amendment on February 25, 2026.

Cumulative Pledge Position

Following this additional pledge, the total encumbered shares with Catalyst Trusteeship Limited have increased significantly. The cumulative position shows a substantial portion of the company's equity now under pledge arrangements.

Debenture Trust Structure

Catalyst Trusteeship Limited is acting as the debenture trustee and common security trustee for the secured parties. The Debenture Trust Deed was originally executed on July 30, 2025, between Catalyst Trusteeship Limited and Refex Life Sciences Private Limited as the issuer, and was amended on February 25, 2026.

The primary debenture holder under this arrangement is Touchstone Trust Scheme VI, acting through its Investment Manager Touchstone Capital Limited. The agreement provides for additional persons to become debenture holders from time to time, with security over the pledged shares through the Common Security Trustee Agreement.

Comprehensive Encumbrance Portfolio

The regulatory filing reveals that Refex Holding Private Limited maintains multiple encumbrance arrangements across various entities. The promoter company holds 7,65,23,085 equity shares representing 55.80% of the total share capital, with 3,16,36,946 shares now pledged, representing 41.34% of its total shareholding.

Company Capital Structure

Refex Industries Limited maintains its equity share capital structure unchanged following this pledge transaction. The company's capital remains at ₹27,42,59,064 divided into 13,71,29,532 equity shares of ₹2 each. However, the total diluted share capital, calculated including outstanding ESOP grants, stands at ₹30,11,59,136 divided into 15,05,79,568 equity shares of ₹2 each.

The shares of Refex Industries Limited are listed on both BSE Limited and National Stock Exchange of India Limited, ensuring transparency and regulatory compliance for all stakeholders.