News

Refex Industries Limited announced the appointment of Mr. Anil S. Kulkarni as Chief Business Officer – Ready-Mix Concrete (RMC) Division and Mr. Prasad Jakkaraju as Vice President / Head – ESG, effective August 22, 2026, according to a regulatory filing. Mr. Kulkarni brings over 29 years of experience in the Ready-Mix Concrete industry, while Mr. Jakkaraju has over 22 years of experience in sustainability and ESG.

Refex Holding Private Limited, a promoter group entity of Refex Industries Limited, has pledged a significant number of shares to secure personal loans for promoters and loans for the company itself, according to a recent filing. The pledges, made between January 2026 and August 2026, involve a total of 45,19,856 to 50,45,816 shares, representing a portion of the promoter holding. Pledgees include Axis Securities Limited, Northern Arc Capital Limited, Catalyst Trusteeship Limited (acting for Touchstone Trust Scheme VI), and Shringee Packaging and Ancilliary Private Limited. Several of the encumbrances are listed as additional margin pledges, indicating adjustments to initial pledge amounts, and are linked to debentures issued by Refex Life Sciences Private Limited.

Refex Holding Private Limited has pledged a total of 1,65,80,856 shares, representing approximately 12.11% of its total share capital, to various entities between August 2026 and June 2026. The pledges include 20,90,000 shares to Northern Arc Capital Limited and 35,00,000 shares to Axis Securities Limited, both serving as collateral for company loans. Catalyst Trusteeship Limited, acting on behalf of Touchstone Trust Scheme VI, holds 1,35,45,816 shares linked to debentures issued by Refex Life Sciences Private Limited, with additional margin pledges also in place. Notably, a portion of the shares, totaling 35,00,000 to Shringee Packaging and Ancilliary Private Limited and 20,90,000 to Ellenbarrie Industrial Gases Limited, were pledged for personal use by promoters. The document also reveals an asset cover ratio of 0.27, indicating the value of pledged shares relative to the borrowed amount.

Net profit of Refex Industries rose 201.37% to Rs 63.80 crore in the quarter ended June 2026 as against Rs 21.17 crore during the previous quarter ended June 2025. Sales rose 160.42% to Rs 916.31 crore in the quarter ended June 2026 as against Rs 351.86 crore during the previous quarter ended June 2025. ParticularsQuarter EndedJun. 2026Jun. 2025% Var. Sales916.31351.86 160 OPM %11.6710.48 - PBDT106.3841.10 159 PBT100.5536.42 176 NP63.8021.17 201 Powered by Capital Market - Live News

Refex Industries will hold a meeting of the Board of Directors of the Company on 29 July 2026.