Refex Industries: NCLT creditors meet Aug 5 for composite scheme

Nclt Scheme FiledStrategic 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

-1.5%Reaction day

₹358.00

prior close

₹358.00

announcement price

After-mkt

timing

Nifty Microcap 250market+0.2%-1.7% vs market

Waste Management peers, median of 6sector-2.1%+0.6% vs sector

On the reaction day the stock moved 1.7 pts less than Nifty Microcap 250 and 0.6 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

-0.8

10m

-0.8

15m

-1.0

30m

-1.0

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-1.5+0.2-1.7-2.1+0.6

Next day

-3.1-0.5-2.6-4.0+0.9

-5.6-2.5-3.1-5.1-0.4

-2.0-0.6-1.3-2.3+0.4

-3.6+0.7-4.3+1.3-4.9

-5.3+0.9-6.2-2.3-3.0

-10.3+0.5-10.7-4.0-6.3

15d

-7.5-0.2-7.3-7.7+0.2

-16.7+2.9-19.6-8.4-8.3

-22.4+5.0-27.3-16.0-6.4

-25.9+3.7-29.6-16.4-9.5

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

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.