We hereby inform that the search operations initiated by the Income-Tax Department have been concluded on December 13, 2025. No adverse remarks have been issued the IT Department and media ....
Awaiting price reaction for this filing.
Refex Renewables has informed the stock exchanges that the Income-Tax Department's search operations, which began on December 9, 2025 at its registered office and other Refex Group locations, have concluded on December 13, 2025. The company states it fully cooperated with the authorities and provided all required documents. As of the filing date, no adverse communication, notice, or order has been received from the IT Department. The company has called certain media and social media reports suggesting adverse outcomes as speculative and unsupported. Business operations remain normal and unaffected.
The closure of the search without any adverse findings is a positive for shareholders, removing near-term uncertainty around tax-related risks. However, investors should monitor for any further developments, as the company has committed to updating exchanges if any material information arises.