NCLT-ordered shareholder meeting on Aug 5 for Refex restructuring 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

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AI summary

The NCLT Chennai has ordered Refex Industries to hold a court-convened equity shareholders meeting on August 5, 2026 at 11 AM via video conferencing to approve a composite scheme of amalgamation and arrangement. Refex Green Mobility (a wholly owned subsidiary) will merge into Refex Industries, while a part of Refex Industries will demerge into Refex Mobility (another wholly owned subsidiary). Appointed date is April 1, 2025. BSE and NSE issued no-objection letters on March 16, 2026. Remote e-voting runs August 2-4; cut-off date July 31.

Likely market impact

Shareholders vote on internal restructuring; if approved, reshapes group into listed parent RIL and separate mobility arm RML.