Refex Industries announced 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 encumbrance is to provide collateral security for financing availed by a subsidiary company, including the issuance of debentures. Post-event, the total encumbered shares stand at 26,591,130, representing 19.40% of the total share capital.
Promoter Share Encumbrance
Refex Industries has disclosed that its promoter-cum-holding company, Refex Holding Private Limited, created an additional pledge of shares on January 16, 2026. This involves 4,519,856 shares or 3.30% of the total share capital of Refex Industries.
Reason for Encumbrance
The encumbrance serves as collateral security to back the financing obtained by a subsidiary of Refex Industries. These funds include those raised through the issuance of debentures, providing financial support to the subsidiary.
Details of Encumbrance
The shares are pledged in favor of Catalyst Trusteeship Limited, acting as Debenture Trustee. Post the new pledge, the total number of encumbered shares held by the promoter is 26,591,130 shares, representing 19.40% of the total share capital in Refex Industries. The value of shares pledged originally on July 31, 2025, is approximately INR 310,27,34,568. The value of additional shares pledged is about INR 108,47,65,432, bringing the total to approximately INR 418,75,00,000.
Financial Details
The amount involved is INR 616,48,00,000. The borrowed amount is being utilized to bolster the financial capabilities of one of its subsidiaries, including supporting debenture issuances.
Source: BSE
