Refex Industries Limited has announced the creation of a pledge over a significant portion of its promoter’s equity shares. Refex Holding Private Limited, the promoter, has pledged 3,34,58,612 equity shares, representing 24.38% of the total share capital. This action is a disclosure pursuant to SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, and is for collateral purposes related to loans taken by the company.
Promoter Share Pledge Announced
Refex Industries Limited has officially disclosed the creation of a pledge over a substantial block of its promoter’s shares. The announcement, made on September 3, 2026, confirms that Refex Holding Private Limited (RHPL), the promoter of Refex Industries, has pledged 3,34,58,612 equity shares. This represents a considerable 24.38% of the total share capital of Refex Industries Limited.
Details of the Encumbrance
The encumbrance was created on September 1, 2026, and is categorized as a Pledge. The shares have been pledged as collateral for loans taken by the company (RHPL). The specific entity in whose favour these shares are encumbered is KR Choksey Financial Services Private Limited. Following this creation, the post-event holding of encumbered shares by the promoter stands at 3,39,33,612 shares, which amounts to 24.72% of the total share capital.
Further details indicate that this pledge is one of several existing encumbrance agreements entered into by the promoter. The end-use of the money raised through these pledges is primarily for the personal use by promoters and PACs, as well as for collateral for loans taken by the Company (RHPL) in some instances.
Source: BSE
