Refex Industries Limited (REFEX) — Announcement | 30 March 2026

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Refex Industries converted ₹43 crores of Class B Optional Convertible Debentures into 24,866 equity shares of its subsidiary Venwind Refex Power Limited (VRPL), a wind power company. This conversion increased Refex's stake in VRPL from 73.28% to 77.39%, a 4.11% increase. The move strengthens VRPL's capital structure and debt-equity ratio without fresh capital injection. VRPL, incorporated December 2024, currently has zero turnover.

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About Refex Industries Limited (REFEX)

Chemicals · Chemicals & Petrochemicals · Listed on NSE

Market Cap: ₹3,811.4 Cr P/E: 22.9

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Source: Stock Announcements. Analysis by StockFin.ai. For informational purposes only — not investment advice.

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