NCLT orders meetings for Refex Industries composite amalgamation 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

+2.8%Reaction day

₹339.00

prior close

₹340.10

announcement price

After-mkt

timing

Nifty Microcap 250market-0.6%+3.4% vs market

Waste Management peers, median of 7sector+1.1%+1.6% vs sector

On the reaction day the stock moved 3.4 pts more than Nifty Microcap 250 and 1.6 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

-0.4

10m

-0.7

15m

-1.1

30m

-0.6

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

+2.8-0.6+3.4+1.1+1.6

Next day

+5.9-0.9+6.8-1.1+7.0

+4.7+0.1+4.6-1.1+5.9

+4.9+0.3+4.6-1.8+6.7

+7.8+1.2+6.7+0.5+7.3

+5.6+0.8+4.8+0.3+5.3

+2.3+0.3+2.0-2.3+4.6

15d

-9.7-0.2-9.5-7.8-2.0

-2.4+0.6-2.9-7.2+4.8

-15.0+4.7-19.7-12.7-2.4

-16.1+5.4-21.5-17.1+0.9

UpDownMarket · Nifty Microcap 250Sector · Waste Management peers, median of 7Pending

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

AI summary

NCLT Chennai has directed meetings on August 5, 2026 for the Composite Scheme of Amalgamation involving Refex Green Mobility (RGML, transferor), Refex Industries (RIL, transferee), and Refex Mobility (RML, resulting). Meetings are set for secured and unsecured creditors of RGML and RIL, plus equity shareholders of RIL. NCLT waived equity shareholder meetings of RGML and RML. A certified copy of the order is awaited and the scheme remains subject to regulatory approvals.

Likely market impact

Procedural step in the restructuring. RIL shareholders and creditors will vote on the scheme on August 5, 2026. Still needs further regulatory clearances.