Alteration in the Objects Clause of the Memorandum of Association of Refex Renewables & Infrastructure Limited.
Awaiting price reaction for this filing.
Shareholders of Refex Renewables & Infrastructure Ltd approved a special resolution at the 31st AGM on September 18, 2025, to amend the Objects Clause of the company's Memorandum of Association. This paves the way for the company to enter a new business line of manufacturing and trading fertilizers, including chemical, organic, and bio-based products such as Fermented Organic Manure, bio-fertilizers, bio-pesticides, compost, and plant growth promoters. The new product will be sold under the 'Refex' brand with the name 'Biodhanic', and will leverage the nutrient-rich digestate (residual byproduct) generated from the company's existing Compressed Bio-Gas (CBG) operations. The product was formally launched on September 18, 2025, targeting both domestic and international markets starting with India. The company expects this diversification to add a new revenue stream and strengthen its sustainability and ESG profile.
This marks a strategic diversification for Refex Renewables into the fast-growing organic fertilizer space, converting a waste byproduct (digestate) from its CBG business into a branded revenue-generating product. For shareholders, it signals growth ambitions and ESG alignment, but the new business can only formally commence after RoC registration of the amended MoA, and the investment amount is not yet finalized, making near-term financial impact uncertain.