Refex Industries’ promoter, Refex Holding Private Limited, has increased its encumbered shareholding. An additional 4,519,856 shares, representing 3.30% of the total share capital, were pledged on January 16, 2026. This raises the total encumbered shareholding to 19.40%. The pledge serves as collateral for financing availed by a subsidiary company. This disclosure was made on January 20, 2026.
Increase in Pledge
Refex Holding Private Limited, the promoter of Refex Industries, created an additional pledge on 4,519,856 equity shares. This represents 3.30% of the total share capital of Refex Industries.
Details of the Encumbrance
The pledge was created on January 16, 2026. Following this creation, the total number of encumbered shares stands at 2,65,91,130, representing 19.40% of the total share capital.
Reason for Pledge
The reason for the encumbrance is to provide collateral security for financing availed by one of Refex Holding Private Limited’s subsidiary companies, including the issuance of debentures.
Existing Encumbrances
The encumbrance is a pledge in favor of Catalyst Trusteeship Limited, acting as Debenture Trustee. The value of shares pledged originally on July 31, 2025, was approximately INR 310,27,34,568. The value of the additional pledged shares is approximately INR 108,47,65,432. The total value of all pledged shares amounts to approximately INR 418,75,00,000. The amount involved against which shares have been encumbered is INR 616,48,00,000.
Source: BSE
