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.; ?1/- per equity share of face value of ?2/- each.
REFEX · price
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Refex Industries Limited reported audited financial results for Q4 and FY 2026. On a standalone basis, revenue from continuing operations declined to ₹2,03,920 Lakhs from ₹2,25,943 Lakhs in the previous year, a drop of about 10%. However, net profit from continuing operations grew significantly from ₹18,356 Lakhs to ₹24,719 Lakhs, representing approximately 35% PAT growth. The company discontinued its Power Trading, Refrigerant Gases, and Green Mobility segments during the year due to poor performance and strategic misalignment. The Board recommended a final dividend of ₹1 per equity share (50% on face value of ₹2). The auditors issued an unmodified opinion with no qualifications. The company also forfeited warrants worth ₹130.68 Lakhs as the balance consideration was not received within the stipulated period.
The company delivered strong profit growth despite revenue decline, driven by focus on core Ash & Coal Handling Business. The dividend recommendation signals confidence, but investors should note the discontinuation of multiple segments and revenue contraction.