Outcome, Scrutinizer''s Report and Voting Results of the Postal Ballot conducted for change of name of the Company.
Awaiting price reaction for this filing.
Refex Renewables & Infrastructure Limited conducted a Postal Ballot (e-voting from November 12 to December 11, 2025) seeking shareholder approval to change the company's name to 'Ecosphere Sustainable Energy Limited', along with corresponding amendments to the Memorandum and Articles of Association. The special resolution was NOT passed. Out of 2,704 total members as on the cut-off date of November 7, 2025, the Postal Ballot Notice was sent to 2,333 members electronically. The resolution failed because the votes cast in favour were less than three times the votes cast against it, which is the threshold required for a special resolution. Scrutinizer A. Mohan Kumar has submitted his report confirming the result. The company will therefore retain its existing name.
Shareholders have rejected the proposed rebranding to 'Ecosphere Sustainable Energy Limited'. The company name remains unchanged for now, and the board may revisit the proposal or propose alternatives in the future. This is a neutral-to-mildly-negative signal as it shows shareholders were not convinced about the rebranding rationale, but it does not affect operations or financials.