Refex Industries Limited has officially filed a Company Application with the Hon’ble National Company Law Tribunal (NCLT), Chennai Bench, on March 26, 2026. This filing seeks necessary directions concerning the proposed Composite Scheme of Amalgamation and Arrangement. The scheme involves Refex Green Mobility Limited and Refex Mobility Limited, continuing the process disclosed in prior intimations dated September 22, 2025 and March 17, 2026.
Update on Corporate Restructuring Scheme
Refex Industries Limited has provided an important update regarding its previously announced corporate restructuring. This communication follows earlier intimations made on September 22, 2025, and March 17, 2026, concerning a proposed Composite Scheme of Amalgamation and Arrangement.
Parties Involved in the Scheme
The restructuring involves three key entities:
- Transferor Company: Refex Green Mobility Limited
- Transferee Company (or Demerged Company): Refex Industries Limited
- Resulting Company: Refex Mobility Limited
The scheme is being executed under the provisions of Sections 230 to 232 of the Companies Act, 2013, covering all requisite shareholders and creditors.
Action Taken at NCLT
In furtherance of the scheme, Refex Industries Limited has taken the significant procedural step of filing a Company Application before the Hon’ble National Company Law Tribunal, Chennai Bench (“NCLT”). This filing officially took place on March 26, 2026, with the objective of securing the necessary directions required to proceed with the aforementioned Scheme.
Compliance and Next Steps
This disclosure is being made today, March 27, 2026, in adherence to the regulatory requirements for public listed companies. The management confirmed that the necessary procedural steps are now underway to seek judicial sanction for the proposed amalgamation.
Source: BSE
