Refex Holding Private Limited, the promoter of Refex Industries Limited, has informed the stock exchanges about the creation of an encumbrance over a substantial portion of its shareholding. As of October 29, 2026, a total of 3,98,76,710 shares, representing 29.06% of the paid-up share capital, have been pledged. This disclosure is made pursuant to Regulation 31(1) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, detailing the creation of pledge over equity shares held by the promoter.
Promoter Pledges Significant Shareholding
Refex Holding Private Limited, the promoter entity for Refex Industries Limited, has officially disclosed the creation of encumbrance over its shares. This action falls under the purview of Regulation 31(1) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The disclosure, dated October 29, 2026, details the creation of a pledge on a significant block of shares held by the promoter.
Details of the Encumbrance
As per the filings, Refex Holding Private Limited has pledged a total of 3,98,76,710 equity shares. This represents 29.06% of the total paid-up share capital of Refex Industries Limited. The pledge was created on October 26, 2026, and the stated reason for this encumbrance is for personal use by promoters and PACs.
Shareholding Snapshot
Prior to this encumbrance, Refex Holding Private Limited held 7,76,23,085 shares, constituting 56.56% of the company’s total paid-up share capital. Following the creation of the pledge, the promoter’s direct shareholding remains the same, but the encumbered shares now stand at 3,98,76,710, accounting for 29.06% of the total share capital.
Associated Entities and Transactions
The detailed annexures provided outline multiple encumbrance events, including pledges made to entities such as Beacon Trusteeship Limited for Vivriti Capital Limited, Catalyst Trusteeship Limited for Touchstone Trust Scheme VI, and Bhansali Fincom Private Limited, among others. These pledges are primarily for personal use by promoters and PACs, with some also serving as collateral for loans taken by the company (RHPL).
Source: BSE
