Refex clarifies no official IT Department statement on December 2025 search operations

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REFEX · price

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Price reactionminutes from the announcement price · days from the prior close

-0.2%Reaction day

₹242.50

prior close

₹242.00

announcement price

After-mkt

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Nifty Microcap 250market · index membership as recorded later (tracked since Jun 2026)-1.4%+1.2% vs market

Waste Management peers, median of 7sector-0.3%+0.1% vs sector

On the reaction day the stock moved 1.2 pts more than Nifty Microcap 250 and 0.1 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.

Minutes after the announcementfrom the announcement price · no benchmark

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Next day

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

AI summary

Refex Industries clarified that the Income Tax Department did not issue any press release or official statement about the search operations conducted at Refex Group from December 9 to December 13, 2025. The company obtained this confirmation through an RTI application, with the order dated February 10, 2026 received on February 18, 2026. The search operations were already closed as earlier disclosed on December 14, 2025. The company reiterated that it is law-abiding and fully cooperates with authorities.

Likely market impact

Reduces uncertainty from media speculation about the December 2025 tax search. No new official findings disclosed. Stock may get relief.