Refex Industries Limited has Submitted to the Exchange a copy of Disclosure under Regulation 31(4) of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.
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Refex Industries has filed a regulatory disclosure under SEBI SAST Regulations 31(4) and 31(5) regarding encumbrance on promoter-held shares for the financial year ending March 31, 2025. Promoter Sherisha Technologies Private Limited, which holds 6,89,48,085 equity shares representing 53.37% of the company's paid-up capital, has reported pledging 71,48,213 shares, equivalent to 10.37% of the paid-up share capital. The disclosure is a mandatory annual filing from the promoter confirming encumbrances created during FY 2024-25, and lists the promoter and promoter group members.
For shareholders, this is a routine annual compliance filing. The pledged portion (10.37% of paid-up capital) is moderate relative to the promoter's overall 53.37% holding, so it is not immediately concerning, but investors should monitor for any sharp increase in pledged shares or any invocation, which could signal financial stress at the promoter level.