Refex (REFEX) — Announcement

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)

Services · Trading · Listed on NSE

Market Cap: ₹3,809.21 Cr P/E: 15.3 ROE: 18.2% ROCE: 28.4% Div Yield: 0.36%

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

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