Outcome of the meeting of the Board of Directors held on May 26, 2026: Approval of Audited Financial Results for Q4 & FY 2026, both on standalone and consolidated basis; recommendation of dividend @ 50%, i.e.; Rs. 1/- per equity share of face value of Rs.2/- each.
REFEX · price
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On the reaction day the stock moved 3.5 pts more than Nifty Microcap 250 and 4.2 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.
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Refex Industries reported strong profit growth for FY26 despite revenue challenges. Standalone net profit from continuing operations rose 34.6% to Rs. 24,719 lakhs vs Rs. 18,356 lakhs in FY25. However, standalone revenue declined 9.7% to Rs. 2,03,920 lakhs from Rs. 2,25,943 lakhs, mainly due to discontinuation of Power Trading and Refrigerant Gas segments. Consolidated revenue grew marginally by 0.8% to Rs. 2,27,674 lakhs. The Board recommended a final dividend of Rs. 1 per share (50% on face value of Rs. 2). The audit report issued an unmodified (clean) opinion. The company also disclosed that convertible warrants worth Rs. 113.07 crore lapsed as balance consideration was not received within the stipulated period.
Strong PAT growth of ~35% indicates operational efficiency improvements despite lower revenue. The dividend signals confidence in financial health. Investors should note segment restructuring and lapsed warrants as one-time items.