The Exchange has received the Disclosures of reasons for encumbrance by promoter of listed companies under Reg. 31(1) read with Regulation 28(3) of SEBI (SAST) Regulations, 2011 on February ....
REFEX · price
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Awaiting price reaction for this filing.
Promoter Refex Holding Private Limited (RHPL) created a new pledge of 50,45,816 equity shares (3.67% of total share capital) of Refex Industries on February 25, 2026. The pledge is in favour of Catalyst Trusteeship Limited (acting as debenture trustee for Touchstone Trust Scheme VI) to provide additional margin/security for debentures issued by Refex's subsidiary, Refex Life Sciences Pvt. Ltd. Total promoter holding remains unchanged at 7,65,23,085 shares (55.80% of total share capital). Post-event, total encumbered promoter shares stand at 3,16,36,946 (41.34% of promoter holding and 23.07% of total share capital). The filing explicitly confirms encumbrance is below the 50% promoter-shareholding threshold but above the 20% total-share-capital threshold. Multiple prior pledges exist dating back to March 2024, with most recent activity in December 2025 and January 2026.
Incremental pledging of promoter shares adds to existing encumbrance burden, raising risk if share price falls and margin calls are triggered. Promoter still retains 55.80% ownership and encumbrance is below the 50% promoter-holding trigger, but the growing list of pledges (13 in total) warrants close monitoring by retail investors.