Refex Holding Private Limited, the promoter of Refex Industries Limited, has disclosed the creation of a new pledge over 20,90,000 equity shares. This action, dated August 10, 2026, serves as collateral for loans taken by the company. While a portion of shares were released, this new pledge impacts the total encumbered shareholding, bringing the current aggregate to 3,34,58,612 shares or 24.38% of the total share capital.
New Share Pledge by Promoter
Refex Holding Private Limited, the promoter entity for Refex Industries Limited, has formally notified the stock exchanges regarding the creation of a new encumbrance on its equity shares. The disclosure, made on August 18, 2026, details a pledge of 20,90,000 equity shares, which represents 2.69% of the total share capital of Refex Industries Limited.
Collateral for Company Loans
The primary reason cited for this pledge, which occurred on August 10, 2026, is to provide collateral for loans obtained by the company. This move is a standard corporate finance practice to secure borrowing facilities.
Updated Encumbrance Details
Following this new pledge, the total number of shares held by Refex Holding Private Limited that are currently encumbered stands at 3,34,58,612 shares. This represents 24.38% of the total share capital. It is noteworthy that prior to this event, 24,07,917 equity shares had been released from pledge, indicating a dynamic change in the promoter’s pledged shareholding. The overall encumbered shares have decreased compared to the previous disclosure.
Entities Involved
The pledge has been made in favor of Northern Arc Capital Limited. The specific details of the debt instruments or loan agreements have not been fully elaborated upon, but the nature of encumbrance is confirmed as a ‘Pledge’. The company is identified as Refex Holding Private Limited, and the entity in whose favor the shares are encumbered is Northern Arc Capital Limited.
Source: BSE
