Refex Industries Limited announced the creation of a pledge over 3,34,58,612 equity shares held by its promoter, Refex Holding Private Limited. The pledge was created on August 10, 2026, as collateral for loans taken by the company. This represents 22.86% of the promoter’s total shareholding and 1.52% of the company’s total paid-up share capital. The total encumbered shares by the promoter now stand at 43.10% of their shareholding.
Refex Holding Creates Share Pledge
Refex Industries Limited has officially disclosed the creation of a pledge over a substantial number of its shares. The announcement, dated September 21, 2026, details that Refex Holding Private Limited, the promoter of Refex Industries, has pledged 3,34,58,612 equity shares. This action signifies a significant encumbrance on the promoter’s holdings.
Details of the Encumbrance
The pledge was created on August 10, 2026, primarily as collateral for loans obtained by the company. The pledged shares constitute 22.86% of Refex Holding Private Limited’s total shareholding in Refex Industries Limited. Furthermore, these pledged shares represent 1.52% of the total paid-up share capital of Refex Industries Limited.
Promoter’s Encumbered Shareholding
Following this new pledge, the total promoter shareholding that is encumbered amounts to 43.10% of the promoter’s total shareholding in the listed company. The specific entity in whose favor these shares have been encumbered is Northern Arc Capital Limited. The total value of shares involved in this particular event is approximately ₹34,13,47,457.
Additional Pledges and End Use
The document also outlines several other existing encumbrances, bringing the total number of pledged shares by Refex Holding Private Limited to 3,34,58,612, representing 24.38% of the total paid-up share capital. The end use of the borrowed funds for this particular encumbrance was for the personal use by promoters and PACs.
Source: BSE
