Refex Holding Private Limited has disclosed the creation of a pledge over 3,67,81,772 equity shares, representing 26.80% of its total share capital. This encumbrance was created on September 29, 2026, in favour of Beacon Trusteeship Limited for the benefit of Vivriti Capital Limited. The disclosure is made in accordance with SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, providing transparency on promoter holdings and financial arrangements.
Promoter Share Encumbrance Detailed
Refex Holding Private Limited, a promoter of Refex Industries Limited, has officially informed the stock exchanges about the creation of a pledge on a significant portion of its equity shareholding. This disclosure, made on November 03, 2026, provides an update to a previous intimation shared on October 01, 2026.
Key Details of the Pledge
According to Annexure-I, Refex Holding Private Limited has pledged 3,67,81,772 equity shares. This represents 26.80% of the total share capital. The encumbrance event, classified as a Pledge, was created on September 29, 2026. The shares have been pledged in favour of Beacon Trusteeship Limited, acting for the benefit of Vivriti Capital Limited. This action is noted as being for personal use by promoters and PACs.
Historical Context and Previous Holdings
As of October 01, 2026, Refex Holding Private Limited held a total of 7,76,23,085 shares, constituting 56.56% of the paid-up share capital. Prior to the recent encumbrance, 3,63,68,770 shares, or 26.50% of the share capital, were already encumbered. The new pledge increases the total encumbered shares to 3,67,81,772, with the percentage of total share capital now at 26.80%.
Further Encumbrance Details
Annexure-II and subsequent annexures provide a detailed breakdown of various encumbrance events involving Refex Holding Private Limited. These include multiple pledge agreements dated between March 2024 and September 2026, with varying amounts involved and specific entities as beneficiaries, primarily relating to personal use by promoters and PACs or collateral for loans.
Source: BSE
