Promoter Refex Holding creates new pledges; total encumbrance at 26.02% of capital
REFEX · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 2.6 pts more than Nifty Microcap 250 and 4.5 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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Promoter Refex Holding Pvt Ltd created fresh pledges over 17,68,491 shares (1.29% of capital) between Sept 11 and Sept 16, 2026 with Northern Arc Capital, Shivangini Properties and Hind Filters, mostly for personal use by promoters. Post-event, total pledged shares stand at 3,57,02,103 shares, equal to 26.02% of total capital and 45.99% of promoter holding. The filing confirms encumbrance is below the 50% promoter holding threshold but crosses 20% of total share capital.
Fresh pledges for promoter personal use may concern investors; encumbrance nearing half of promoter stake, though still below the 50% threshold.