NCLT meeting of Refex unsecured creditors on August 5 for amalgamation-demerger scheme

Nclt Scheme FiledStrategic Transactions View source PDF

REFEX · price

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

Price reaction · full curve 14 horizons · vs prior close

-3.1%1-day move

₹358.00

prior close

₹358.00

base price

After-mkt

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AI summary

Refex Industries will hold an NCLT-ordered meeting of unsecured creditors on August 5, 2026 at 12:00 PM at its Chennai registered office to approve a composite scheme. The scheme first merges wholly owned Refex Green Mobility into Refex Industries, then demerges the Green Mobility business into newly incorporated Refex Mobility Limited, which is planned to be separately listed. Voting cut-off date is March 31, 2026.

Likely market impact

Procedural step toward restructuring. If approved, Green Mobility business will spin off as a separately listed entity alongside RIL.