Disclosure under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 - Outcome of Board Meeting held on March 26, 2026.
REFEX · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Refex Industries' Board has approved raising the cap on investments, loans, guarantees, and security from ₹2,500 Crore to ₹3,300 Crore (an increase of ₹800 Crore), beyond the limits under Section 186 of the Companies Act. The Board also cleared a Material Related Party Transaction of up to ₹2,010 Crore with its subsidiary Venwind Refex Power Limited. Since both items exceed prescribed thresholds, shareholder approval will be sought via a postal ballot, with remote e-voting open from April 1 to April 30, 2026. Ms. Mehak Gupta has been appointed as the Scrutinizer for the e-voting process. Additionally, the Risk Management Committee was reconstituted following the exit of Mr. Sachin Navtosh Jha.
The sharp increase in permitted investment and related-party transaction limits signals significant upcoming capital deployment, likely into its subsidiary Venwind Refex Power, which points to business expansion. Shareholders should watch the postal ballot outcome closely, as it effectively green-lights large inter-group fund movements.