Refex Industries composite scheme gets shareholder and creditor approval
REFEX · price
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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.
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.