Disclosure under Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended ( SEBI Listing Regulations ) Filing of Company Application for Composite Scheme of Amalgamation and Arrangement before Hon ble NCLT

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REFEX · price

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Price reactionminutes from the announcement price · days from the prior close

-4.5%Reaction day

₹206.50

prior close

₹199.47

announcement price

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Nifty Microcap 250market · index membership as recorded later (tracked since Jun 2026)-2.8%-1.7% vs market

Waste Management peers, median of 7sector-5.4%+0.9% vs sector

On the reaction day the stock moved 1.7 pts less than Nifty Microcap 250 and 0.9 pts more than its Waste Management peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

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AI summary

Refex Industries Limited has filed a Company Application before the NCLT Chennai Bench on March 26, 2026, seeking directions for a proposed Composite Scheme of Amalgamation and Arrangement. The scheme involves three group entities: Refex Green Mobility Limited (Transferor Company), Refex Industries Limited (Transferee/Demerged Company), and Refex Mobility Limited (Resulting Company), along with their respective shareholders and creditors. This filing is made under Sections 230-232 of the Companies Act, 2013, and is a continuation of earlier intimations dated September 22, 2025 and March 17, 2026. The move is part of an internal group restructuring exercise involving amalgamation and demerger of business verticals.

Likely market impact

This is a formal procedural step in a group restructuring that could reshape Refex Industries' business structure by separating and consolidating mobility-related operations. Shareholders should watch for the NCLT's directions, the final scheme details including share exchange ratio, and any approval timelines, as these will determine the future shape of the company and potential value for investors.