Dispute disrupts operations at Refex CBG Kolhapur plant
Awaiting price reaction for this filing.
Refex CBG Kolhapur Ltd, a step-down subsidiary, faces a dispute with Warana Sugar over its Compressed Bio Gas plant in Maharashtra. Warana Sugar has restricted plant access and cut electricity and water supplies over alleged outstanding dues of about 18.48 crore rupees. Refex CBG Kolhapur disputes the dues, saying they were settled during the August 2025 acquisition. Both parties have filed cases at the District Civil Court, Kolhapur. Operations at the plant are severely impacted, and financial implications are not yet quantifiable.
Operations at a step-down subsidiary's CBG plant are severely disrupted. Legal outcome is uncertain, financial impact not yet quantifiable. Stock may see short-term volatility.