Business Update Positive

2026-05-29 12:56

Order Win: Refex Industries Limited won an order from a Major Power Producer Company for excavation, loading, and transportation of pond ash to Open Cast Mines/Stone Quarries/NHAI project sites. The order value is ~₹36.91 Crore with a completion timeline of 2 years.

Business Update Neutral

2026-05-27 17:28

Refex Industries Limited announced the availability of the audio recording for its earnings call held on May 27, 2026, for the 4th quarter and year ended March 31, 2026. The recording can be accessed on the company's website, in compliance with Regulation 30 of SEBI Listing Regulations.

Financials Positive

2026-05-26 19:06

Refex Industries Limited reported strong Standalone financial results for Q4 FY26. Revenue from Operations stood at ₹701.03 Cr compared to ₹594.47 Cr in Q4 FY25 (▲17.92% YoY). EBITDA was ₹141.15 Cr versus ₹61.68 Cr (▲128.84% YoY), and PAT was ₹93.73 Cr compared to ₹56.16 Cr (▲66.91% YoY). EBITDA Margin expanded significantly to 20.13% from 10.38% in the prior year quarter (▲975bps). The company noted healthy operational momentum, a strong order book of nearly ₹1,500 Cr in Ash & Coal Handling, and active execution in Wind Energy.

Financials Positive

2026-05-26 15:26

Standalone Revenue ₹7.01 Cr vs ₹5.94 Cr (▲17.92% YoY), EBITDA ₹1.41 Cr vs ₹0.62 Cr (▲128.84% YoY), PAT ₹0.94 Cr vs ₹0.56 Cr (▲66.91% YoY). EBITDA Margin expanded from 10.38% to 20.13% (▲975bps).

Financials Positive

2026-05-26 12:54

Refex Industries Limited reported strong Q4 FY26 consolidated financial results. Consolidated Revenue from operations stood at ₹93,416.61 Lakhs vs ₹59,447.46 Lakhs (▲57% YoY). EBITDA was ₹15,951.72 Lakhs vs ₹6,013.51 Lakhs (▲165% YoY), with EBITDA Margin expanding from 10.1% to 17.1% (▲700bps). Net Profit (PAT) from continuing operations was ₹10,597.80 Lakhs vs ₹6,070.25 Lakhs (▲75% YoY). The company also recommended a final dividend of ₹1/- per equity share and had a significant tax demand of ₹3,567.22 Lakhs nullified by the Madras High Court.

Financials Positive

2026-05-26 12:51

Refex Industries Limited reported strong Q4 FY26 consolidated financial results from continuing operations, with Revenue at ₹93,416.61 Lakhs vs ₹59,447.46 Lakhs (▲57.14% YoY), EBITDA at ₹15,951.72 Lakhs vs ₹6,013.51 Lakhs (▲165.26% YoY), and PAT at ₹10,597.80 Lakhs vs ₹6,070.25 Lakhs (▲74.59% YoY). EBITDA Margin expanded significantly to 17.08% vs 10.11% (▲697bps). The company also recommended a final dividend of ₹1/- per equity share for FY26.

Business Update Neutral

2026-05-25 19:25

Refex Industries Limited announced a change in the schedule of its Earnings Call for Q4 and Financial Year Ended March 31, 2026. The call, originally scheduled for Thursday, May 28, 2026, at 11:00 A.M. (IST), has been rescheduled to Wednesday, May 27, 2026, at 12:30 P.M. (IST). This change is due to May 28, 2026, being declared a market holiday for Bakrid. All other details for the call remain unchanged.

Business Update Neutral

2026-05-22 19:49

Refex Industries Limited announced an Earnings Call on Thursday, May 28, 2026, at 11:00 a.m. IST, to discuss its financial results for the 4th Quarter and Financial Year ended March 31, 2026.

Business Update Positive

2026-05-20 13:38

Order Win: Refex Industries Limited won an order from a leading Miniratna Company for logistics and material handling services in the infrastructure and mining sector. The order value is ₹20.27 Crore (inclusive of GST) and the completion timeline is approximately 6 months.

Business Update Positive

2026-05-13 18:34

Order Win: Refex Industries Limited secured an order from a leading Navratna PSU in the steel sector for the supply of Bulk Industrial Commodity. The domestic order is valued at approximately INR 36.50 Crore and is to be executed within approximately 40 days.

Ownership Neutral

2026-05-07 16:56

Refex Industries Limited announced the lapse and forfeiture of 1,11,70,000 convertible warrants issued via preferential allotment at ₹468/- per warrant. The warrant holders failed to pay the balance 75% consideration by May 06, 2026. As a result, the company has forfeited the upfront 25% subscription amount totaling ₹130.69 Crore. There will be no change in the company's paid-up share capital, and the forfeited amount will be retained.

Governance Negative

2026-05-04 16:36

CRITICAL RED FLAG DETECTED

Refex Industries Limited announced the results of its postal ballot, where two resolutions were passed on April 30, 2026. Resolution 1, for making investments, giving loans, guarantees, and providing security in excess of Section 186 limits, passed with 99.67% votes in favor (24.68% of public institutions voted against). Resolution 2, a Material Related Party Transaction with Venwind Refex Power Limited, passed with 90.41% votes in favor, despite 62.64% of public institutional shareholders voting against it, highlighting significant governance concerns.

Governance Neutral

2026-05-04 16:36

Refex Industries Limited announced the results of its Postal Ballot, with E-voting concluding on April 30, 2026. Members approved two resolutions with requisite majority: a Special Resolution for making investments, giving loans, guarantees, and providing security in excess of Section 186 limits (99.67% in favor), and an Ordinary Resolution for Material Related Party Transaction(s) with its subsidiary Venwind Refex Power Limited (90.41% in favor).

Ownership Neutral

2026-05-02 12:16

Refex Industries Limited allotted 20,057 equity shares of ₹2/- face value on May 01, 2026, following the exercise of vested options under its Employee Stock Option Scheme 2021. This resulted in an increase of the company's issued, subscribed, and paid-up equity share capital from ₹27,43,98,782/- to ₹27,44,38,896/-.

Business Update Positive

2026-04-28 21:01

Refex Industries Limited announced that the Hon'ble Madras High Court has quashed an income tax demand of ₹3,567.22 lakh (approx. ₹35.67 crores) for the Assessment Year 2016-17. The company received the order on April 28, 2026, which nullifies the prior tax demand, providing a significant financial relief.

Business Update Positive

2026-04-28 19:32

Refex Industries announced the Madras High Court quashed an income tax demand of ₹3,567.22 lakh for AY 2016-17, nullifying the previous assessment order.

Business Update Positive

2026-04-26 00:18

Refex Industries Limited acquired equity shares in its subsidiary, Venwind Refex Power Limited (VRPL), through a ₹29.99 crore Rights Issue to augment VRPL's capital for growth. Post-rights issue and subsequent conversion of Class A Optional Convertible Debentures (OCDs), Refex's shareholding in VRPL stands revised at 73.28% (from 77.77%).

REFEX

Refex Industries Limited

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