Disclosure under Regulation 30 of SEBI (LODR) Regulations, 2015 - Incorporation of Venwind Refex Projects Limited, as a wholly-owned subsidiary of Venwind Refex Power Limited, a subsidiary of Refex Industries Limited, thereby making it a step-down subsidiary Company of Refex Industries Limited.
REFEX · price
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Refex Industries Limited has announced the incorporation of a new company called Venwind Refex Projects Limited. This new entity is set up as a wholly-owned subsidiary of Venwind Refex Power Limited, which is itself a subsidiary of Refex Industries. As a result, Venwind Refex Projects Limited becomes a step-down subsidiary of Refex Industries. The disclosure has been made under SEBI's Listing Obligations and Disclosure Requirements (LODR) Regulations, 2015. No financial details, capital investment, or business objectives of the new entity have been disclosed in this filing.
This is a routine corporate restructuring announcement with no immediate impact on shareholders. It signals continued expansion of the group's subsidiary structure in the power/renewables space, though the lack of details on capital, business purpose, or financials limits what investors can infer at this stage.