Promoter creates fresh pledge of 20.9 lakh shares; net encumbrance falls

Pledge ReleasedOwnership Changes 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

-0.6%Reaction day

₹302.00

prior close

₹299.35

announcement price

In-mkt

timing

Nifty Microcap 250market+0.4%-1.0% vs market

Waste Management peers, median of 7sector-0.1%-0.5% vs sector

On the reaction day the stock moved 1.0 pts less than Nifty Microcap 250 and 0.5 pts less 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

+0.3

10m

-0.3

15m

+0.1

30m

—

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-0.6+0.4-1.0-0.1-0.5

Next day

-1.7-0.2-1.5+1.0-2.7

-2.9+0.3-3.2-1.2-1.7

-2.6+0.6-3.2-0.2-2.4

-4.3+0.8-5.2-0.8-3.5

-4.6+0.4-5.0-1.2-3.4

-3.9+0.7-4.6+0.5-4.4

15d

-8.9+2.0-10.9-1.8-7.1

-9.9+0.7-10.7-1.1-8.9

-16.6-3.4-13.2-12.2-4.3

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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

Promoter Refex Holding Pvt Ltd (holds 56.57% in Refex Industries) created a fresh pledge of 20.9 lakh shares on Aug 10, 2026 with Northern Arc Capital as collateral for company loans. However, 24.08 lakh shares were released from earlier pledges. Net encumbered shares fell to 3.34 crore (24.38% of capital), equal to 43.10% of promoter holding.

Likely market impact

Net pledged shares declined, easing encumbrance risk. Fresh pledge is collateral for company-level borrowing, not personal use.