The Exchange has received Disclosure under Regulation 31(1) and 31(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 on February 27, 2026 for Refex Holding Pvt Ltd
REFEX · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Promoter Refex Holding Pvt Ltd (RHPL) created a new pledge of 50,45,816 equity shares (3.67% of total share capital) on February 25, 2026 in favour of Catalyst Trusteeship Limited, acting as debenture trustee for Touchstone Trust Scheme VI. The pledge serves as collateral for secured optionally convertible and non-convertible debentures issued by Refex Life Sciences Pvt Ltd, a subsidiary of RHPL. After this creation, total encumbered promoter shares stand at 3,16,36,946 (23.07% of total share capital / 41.34% of promoter holding). RHPL's overall promoter stake remains unchanged at 7,65,23,085 shares (55.80%). The disclosure confirms encumbrance crosses the 20% of total share capital threshold but stays below 50% of promoter shareholding. Several older existing pledges dating back to March 2024 are also listed, mostly for personal use by promoters.
This is a routine disclosure of a new pledge creation, not a stake sale, so it does not dilute promoter ownership. However, the latest pledge has a very thin security cover of 0.27:1 against the underlying debentures — meaning a meaningful drop in Refex Industries' share price could trigger a margin call or invocation risk on these pledged shares.