NCLT-ordered shareholder meeting on Aug 5 for Refex restructuring plan

Nclt Scheme FiledStrategic Transactions View source PDF

REFEX · price

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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

Refex Industries shareholders will vote on August 5, 2026 on a restructuring plan ordered by NCLT Chennai. The plan merges wholly owned Refex Green Mobility into Refex Industries, then demerges the mobility business into newly formed Refex Mobility Limited. Cut-off for e-voting is July 31. Remote e-voting runs Aug 2 to 4. Approval needs three-fourths majority by value. BSE and NSE gave no-objection letters in March 2026.

Likely market impact

Shareholders vote on Aug 5 to decide if the mobility business is carved out into a separate wholly owned entity under the group