Cessation of Mr. Vijay Yashwant Chiplunkar as Senior General Manager-Compressed Bio-Gas Business, in the category of Senior Managerial Personnel.
Awaiting price reaction for this filing.
Refex Renewables & Infrastructure Ltd has informed the stock exchanges that Mr. Vijay Yashwant Chiplunkar has stepped down as Senior General Manager of its Compressed Bio Gas (CBG) Business, effective close of working hours on August 21, 2025. He had only been appointed to this role on February 20, 2025 — roughly six months earlier. In his resignation letter dated July 21, 2025, he cited a desire to focus on personal and professional aspirations. The company has categorised him as a 'senior managerial person' rather than a Key Managerial Personnel or director.
This is a senior-level exit from a specific business vertical (CBG) after a short stint, which investors may keep an eye on as an indicator of leadership stability in the biofuel segment. However, it does not involve the CEO, CFO, or any director, so the broader stock impact is expected to be limited.