Internal reorganization of leadership: Mr. Rajeev Vaze, presently, Head-SCM of the Company, will move from his role and take responsibility of leading CBG business and being shifted to ....
Awaiting price reaction for this filing.
Refex Renewables & Infrastructure Limited has announced an internal leadership reorganization. Mr. Rajeev Vaze, currently Vice-President and Head of Supply Chain Management (SCM), will be re-designated as Chief Operating Officer (COO) for the Compressed Bio-Gas (CBG) Business effective May 01, 2026. He will be classified as a 'senior managerial person' (SMP/KMP). Additionally, his payroll is being shifted to Refex Sustainability Solutions Limited (RSSL), a wholly-owned subsidiary that holds the CBG vertical. This appears to be an internal role change rather than a departure from the company group.
This is an internal restructuring with no negative connotation. Mr. Vaze remains with the Refex group but moves to a subsidiary for payroll purposes, suggesting continued commitment to the company's CBG growth strategy.