Disclosure under Regulation 30 and 33 of Securities and Exchange Board of India (ListingObligations and Disclosure Requirements) Regulations, 2015, as amended ( SEBI ListingRegulations - Outcome of the meeting of the Board of Directors held on November 04, 2025
REFEX · price
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Refex Industries' board, at its meeting on November 4, 2025, approved the unaudited financial results for Q2 FY26 and H1 FY26 (quarter and half year ended September 30, 2025) on both standalone and consolidated basis, with a limited review report from statutory auditor M/s A B C D & Co LLP. On a standalone basis, Q2 FY26 revenue from operations came in at around Rs 423 crore with net profit from continuing operations at about Rs 52 crore, up roughly 55% year-on-year, while H1 FY26 revenue fell about 22% YoY to Rs 788 crore but profit from continuing operations grew about 22% to Rs 85 crore. The Power Trading segment has been discontinued, and the Green Mobility segment has also been classified as a discontinued operation with related assets and liabilities shown as held for sale. The auditor drew specific attention to these discontinued operations notes as an emphasis of matter, and the company also received the second tranche of promoter warrants worth Rs 94.68 crore from Refex Holding Private Limited on October 3, 2025, alongside incorporating a new wholly-owned subsidiary Refex Mobility Limited.
Profit growth and margin expansion in Q2 FY26 are positive signals, but the 22% drop in H1 revenue and the exit from the Power Trading and Green Mobility segments may keep the stock volatile in the near term; long-term story now hinges on the core Ash & Coal Handling and Refrigerant Gas businesses plus the pending composite scheme of amalgamation.