Income Tax Department conducted search at Refex Industries premises

Enforcement RaidRegulatory & Legal View source PDF Explain this filing

REFEX · price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

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

-20.6%Reaction day

₹320.95

prior close

₹254.90

announcement price

In-mkt

timing

Nifty Microcap 250market · index membership as recorded later (tracked since Jun 2026)+0.3%-20.9% vs market

Waste Management peers, median of 6sector+0.4%-21.0% vs sector

On the reaction day the stock moved 20.9 pts less than Nifty Microcap 250 and 21.0 pts less than its Waste Management peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

+0.0

10m

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15m

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30m

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Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-20.6+0.3-20.9+0.4-21.0

Next day

-6.8+0.8-7.6+0.6-7.4

-5.9+0.1-6.1+0.4-6.3

-13.1-0.8-12.3+4.3-17.3

-14.2-1.1-13.1+14.9-29.1

-13.8+0.2-14.0+11.5-25.3

-15.3+1.6-16.9+14.4-29.7

15d

-19.5+2.5-22.0+6.3-25.8

-25.8-2.7-23.1-3.7-22.1

-24.6-0.3-24.2+2.5-27.1

-35.1-8.9-26.2-15.4-19.7

UpDownMarket · Nifty Microcap 250Sector · Waste Management peers, median of 6Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

Income Tax Department conducted search operations at Refex Industries registered office and other Refex Group locations starting December 9, 2025. The company extended full cooperation to authorities and provided all required information. Business operations remain completely unaffected and continue without interruption. Refex strongly denied misleading media and social media reports circulating about the matter.

Likely market impact

Short-term uncertainty likely. Company confirms no impact on business and is cooperating fully. Monitor official updates.