NCLT orders meetings for Refex Industries composite amalgamation scheme
REFEX · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
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.
Procedural step in the restructuring. RIL shareholders and creditors will vote on the scheme on August 5, 2026. Still needs further regulatory clearances.