The Company is in receipt of a request letter from Avyan Pashupathy Capital Advisors Private Limited holding 30.95% voting rights, to consider re-classification from promoter to public ....
Awaiting price reaction for this filing.
Refex Renewables & Infrastructure Ltd has received a letter dated October 31, 2025 (received November 3, 2025) from one of its promoters, Avyan Pashupathy Capital Advisors Private Limited, requesting reclassification from the 'promoter' category to the 'public' category in the company's shareholding pattern. The requesting entity holds 13,91,869 equity shares, representing 30.95% of the company's voting share capital. The company has stated it will follow the due process under SEBI LODR Regulation 31A, including confirming completeness of the request. The reclassification is subject to approval as per SEBI's regulatory framework. No decision or approval has been communicated yet.
If approved, this reclassification would reduce the effective promoter group holding in the company, potentially increasing the public float and changing the composition of controlling shareholders. Shareholders should monitor for further updates on whether SEBI and the stock exchanges approve the request, as it could affect governance and ownership structure.