Refex Industries: NCLT creditors meet Aug 5 for composite scheme

Nclt Scheme FiledStrategic Transactions View source PDF

REFEX · price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reaction · full curve 14 horizons · vs prior close

-3.1%1-day move

₹358.00

prior close

₹358.00

base price

After-mkt

timing

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AI summary

NCLT Chennai ordered a meeting of Refex Industries secured creditors on August 5, 2026 at 11:30 AM to approve a composite scheme. It merges wholly-owned Refex Green Mobility into Refex Industries, then demerges the green mobility business into new Refex Mobility Limited for independent listing. The aim is to unlock value by separating green mobility from the ash and coal handling business. Voting cut-off date is March 31, 2026.

Likely market impact

Restructuring to spin off green mobility into a separately listed entity to unlock value. Outcome of creditor vote awaited.