Disclosure under Regulation 30 of Securities and Exchange Board of India (ListingObligations and Disclosure Requirements) Regulations, 2015, as amended (SEBI ListingRegulations) - Appointment of Managerial persons, in the category of Senior Managerial Personnel
REFEX · price
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Refex Industries reported Q1 FY26 standalone revenue of ₹36,525.55 lakhs, down sharply from ₹58,547.09 lakhs in Q1 FY25, while standalone net profit stood at ₹3,314.26 lakhs versus ₹3,595.58 lakhs a year ago. Consolidated net profit was ₹2,054.44 lakhs on revenue of ₹38,324.94 lakhs. The Board declared a 1st interim dividend of ₹0.50 per share (25% on face value of ₹2) with a record date of August 19, 2025. The Board also approved the discontinuation of the Power Trading business segment, which contributed only 4.48% of revenue and 0.54% of net worth in FY25, citing thin margins, high compliance costs, and limited strategic fit; closure is targeted by March 31, 2026. Additionally, nine officials were designated as Senior Managerial Personnel across functions like HR, Finance, IT, ESG, and Legal.
The sharp year-on-year revenue decline and modest profit dip may weigh on short-term sentiment, though the interim dividend and exit from a low-margin segment signal capital discipline. Shareholders benefit from a steady dividend payout and a cleaner focus on the core ash and coal handling and refrigerant businesses.