Clarification to a reported event or information circulated in the electronic/social media in connection with search operation conducted by the Income-Tax Department.
Awaiting price reaction for this filing.
Refex Renewables & Infrastructure confirmed that the Income Tax Department conducted search operations at the company's registered office in Chennai and other Refex Group locations, starting December 9, 2025. The company stated it extended full cooperation to the authorities and provided all requested information. Management emphasized that business operations remain completely unaffected and are continuing without interruption. The filing also pushes back against circulating media and social media reports, calling them misleading and baseless, and warns of vested-interest actors spreading incorrect information. The company committed to updating stock exchanges as further reportable developments arise.
Short-term stock price may face volatility due to negative media buzz around an IT raid, though the company is attempting to reassure investors that operations are unaffected. Investors should wait for any formal IT department communication or further company disclosure to assess actual financial or regulatory consequences.