Regulation 44 of SEBI (Listing Obligations & Disclosure Obligations) Regulations, 2015 - Intimation of E-Voting results of Postal Ballot along with Scrutinizer''s Report
REFEX · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Refex Industries Ltd completed a postal ballot through remote e-voting (April 1-30, 2026) with two resolutions voted upon. Resolution 1, a Special Resolution to permit investments, loans, guarantees, and securities beyond Section 186 limits of the Companies Act, passed with 99.67% shareholder approval (83.05 million votes in favour out of 83.33 million votes polled, representing 60.74% of total shares). Resolution 2, an Ordinary Resolution for material related party transactions with Venwind Refex Power Limited (a subsidiary), also passed with 90.41% approval (6.06 million favourable vs 643,179 against), though institutional investors voted heavily against it (62.64% against) while public non-institutions supported it strongly (99.60% in favour). Promoter group abstained from Resolution 2 due to their interest in the transaction. Total paid-up capital was ₹27.44 crore across 137.19 million equity shares.
Both resolutions passed, enabling the company to make larger investments/loans and conduct related party transactions with its subsidiary. The split institutional voting on Resolution 2 signals some investor caution on the RPT terms, though it passed comfortably due to strong retail support.