Promoter Refex Holding pledges 35 lakh more shares with Axis Securities

Ownership 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

-1.7%Reaction day

₹352.70

prior close

₹349.55

announcement price

In-mkt

timing

Nifty Microcap 250market-0.7%-1.0% vs market

Waste Management peers, median of 6sector-1.3%-0.4% vs sector

On the reaction day the stock moved 1.0 pts less than Nifty Microcap 250 and 0.4 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

-0.1

10m

-0.7

15m

-0.6

30m

-0.3

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-1.7-0.7-1.0-1.3-0.4

Next day

-4.2-2.7-1.5-2.7-1.5

-0.5-0.8+0.4-1.3+0.8

-2.2+0.5-2.7+2.9-5.1

-3.9+0.7-4.6+0.0-3.9

-5.1-0.3-4.7-2.8-2.3

-10.0-0.2-9.8-1.6-8.4

15d

-7.1-1.7-5.4-6.3-0.8

-17.2+2.7-19.9-6.5-10.7

-21.2+4.8-26.0-10.4-10.8

-24.9+3.2-28.1-17.9-7.0

UpDownMarket · Nifty Microcap 250Sector · Waste Management peers, median of 6Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

Promoter Refex Holding Pvt Ltd (56.57% stake) created a new pledge of 35 lakh shares (2.55% of capital) with Axis Securities Ltd between June 25 and 30, 2026 for margin trading funding. Total pledged promoter shares rose to 3.37 crore shares (24.61% of total capital), up from 22.06% earlier. Encumbered shares now stand at 43.51% of promoter holding, crossing the 20% of total share capital threshold.

Likely market impact

Total encumbered promoter shares have crossed 20% of total capital, raising margin call risk if the stock price weakens; investors should track pledge levels.