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

Nclt Scheme FiledStrategic Transactions 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

-1.5%Reaction day

₹358.00

prior close

₹358.00

announcement price

After-mkt

timing

Nifty Microcap 250market+0.2%-1.7% vs market

Waste Management peers, median of 6sector-2.1%+0.6% vs sector

On the reaction day the stock moved 1.7 pts less than Nifty Microcap 250 and 0.6 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.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

-0.8

10m

-0.8

15m

-1.0

30m

-1.0

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-1.5+0.2-1.7-2.1+0.6

Next day

-3.1-0.5-2.6-4.0+0.9

-5.6-2.5-3.1-5.1-0.4

-2.0-0.6-1.3-2.3+0.4

-3.6+0.7-4.3+1.3-4.9

-5.3+0.9-6.2-2.3-3.0

-10.3+0.5-10.7-4.0-6.3

15d

-7.5-0.2-7.3-7.7+0.2

-16.7+2.9-19.6-8.4-8.3

-22.4+5.0-27.3-16.0-6.4

-25.9+3.7-29.6-16.4-9.5

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

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.