Refex Holding Private Limited, the promoter of Refex Industries Limited, has officially informed the stock exchanges about the creation of a pledge over its equity shares. This disclosure, made on July 6, 2026, is in compliance with SEBI regulations. The details of the pledge, including the number of shares and the entity in whose favor the pledge is created, are provided in the attached annexures. The creation of this pledge is primarily for margin trading funding purposes.
Promoter Disclosure on Share Pledge
Refex Holding Private Limited, the promoter of Refex Industries Limited, has officially communicated the creation of a pledge over a portion of its equity shares. This regulatory filing, dated July 6, 2026, adheres to the requirements of Regulation 31(1) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The company has provided detailed information concerning this encumbrance, which is outlined in the accompanying annexures.
Details of the Encumbrance
The creation of this pledge is specifically linked to margin trading funding activities on the stock exchange. As detailed in the disclosure, Refex Holding Private Limited has pledged 35,00,000 shares, representing 2.55% of its total shareholding. These shares have been pledged in favor of Axis Securities Limited. Following this creation, the post-event holding of encumbered shares by the promoter stands at 3,37,76,529 shares, which constitutes 24.61% of the total share capital.
Pledge Rationale and Creation Date
The pledge was formally created on June 25, 2026. The details further specify that the encumbrance is a ‘Pledge’ and is related to margin pledge/margin trading funding for trading on the stock exchange. The promoter’s total shareholding in Refex Industries Limited is 7,76,23,085 shares, representing 56.57% of the total share capital. Prior to this new pledge, 3,02,76,529 shares, or 22.06% of the share capital, were already encumbered.
Additional Encumbrances
The provided annexures detail a comprehensive list of existing encumbrances on shares held by Refex Holding Private Limited as of June 30, 2026. These include multiple pledges created on various dates, with beneficiaries ranging from financial institutions to other corporate entities. The total number of encumbered shares as of this date amounts to 3,37,76,529, representing 24.61% of the paid-up share capital. These pledges are predominantly for personal use by promoters and PACs and for margin trading funding. Several of these encumbrances are also linked to debentures issued by related entities.
Source: BSE
