Refex Industries announces that Refex Holding Private Limited, the promoter-cum-holding company, has encumbered an additional 4,519,856 shares, representing 3.30% of the total share capital. This creation of pledge was executed on January 16, 2026, to provide collateral security for financing availed by a subsidiary company. After this encumbrance, the total encumbered shares stand at 19.40% of the total share capital.
Details of Share Encumbrance
Refex Holding Private Limited, acting as the promoter of Refex Industries, created an additional pledge of 4,519,856 shares on January 16, 2026. This represents 3.30% of the total share capital of Refex Industries. The shares have been pledged to Touchstone Trust Scheme VI, managed by Touchstone Capital Limited, acting as debenture holders. The debenture trust deed was originally entered on July 30, 2025.
Reason for Encumbrance
The encumbrance serves to provide collateral security for the financing availed by one of Refex Industries’ subsidiary companies, including the issuance of debentures. The shares are pledged under the terms of the Pledge Agreement dated July 30, 2025.
Impact on Promoter Holding
Following this additional encumbrance, the total number of shares encumbered by the promoter now stands at 26,591,130, representing 19.40% of the total share capital of Refex Industries. The total promoter shareholding remains at 76,523,085 shares, or 55.80% of the company.
Details of Debentures
The security cover for the debentures stands at a ratio of 0.68:01 with the value of pledged shares at INR 418,75,00,000 against an amount of INR 616,48,00,000. The debentures are secured, unrated, unlisted, optionally convertible and non-convertible with a face value of INR 10 lakhs each.
Source: BSE
