Refex Industries composite scheme gets shareholder and creditor approval

Scheme filed with the NCLTStrategic Transactions 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

+2.1%Reaction day

₹292.00

prior close

₹293.90

announcement price

After-mkt

timing

Nifty Microcap 250market-0.1%+2.1% vs market

Waste Management peers, median of 6sector-0.7%+2.7% vs sector

On the reaction day the stock moved 2.1 pts more than Nifty Microcap 250 and 2.7 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

Stock

+0.2

10m

+0.1

15m

-0.2

30m

-0.7

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

+2.1-0.1+2.1-0.7+2.7

Next day

+0.7-0.2+0.9-1.5+2.2

+0.6+0.1+0.5-4.1+4.7

+0.3+0.3+0.0-4.9+5.2

+1.7+0.4+1.3-4.1+5.8

+3.4+0.5+2.9-5.0+8.5

+1.7+0.3+1.4-1.6+3.3

15d

-2.6+1.9-4.5-4.1+1.5

-7.2+2.2-9.4-3.1-4.2

-12.7-1.2-11.5-11.7-1.0

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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

Refex Industries filed voting results from NCLT court-convened meetings held Aug 5, 2026 for its Composite Scheme of Amalgamation and Arrangement among Refex Green Mobility (Transferor), RIL (Transferee or Demerged), and Refex Mobility (Resulting). Equity shareholders approved with 7.91 crore votes in favour at 99.999 percent. Secured creditors (3 of 10, representing 47.2 percent of Rs 158.90 crore dues) and unsecured creditors (37 of 379, representing 6.19 percent of Rs 347.67 crore dues) both unanimously approved the scheme.

Likely market impact

All three stakeholder groups have approved the scheme. Next step is NCLT sanction, after which share swap ratio and record date will be announced by the company.