REFEX

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- Order Win: Refex Industries Limited (RIL) bagged an order for Ash Transportation - Order Value: ~ INR 20.94 Crore - Completion Timeline: 12 Months - Project Details: For the construction site of road projects of NHAI and other Central or State Government Road construction department / Authority / PMGSY Road Project.

- Refex Industries Limited announced a meeting of its Unsecured Creditors on August 05, 2026, at 12:00 PM (IST) at its Registered Office. - The purpose is to consider and approve a Composite Scheme of Amalgamation and Arrangement involving Refex Green Mobility Limited, Refex Industries Limited, and Refex Mobility Limited, as directed by the NCLT. - The cut-off date for voting eligibility is March 31, 2026.

- Meeting of Secured Creditors of Refex Industries Limited on August 05, 2026, at 11:30 A.M. to approve the composite scheme of Amalgamation and Arrangement among Refex Green Mobility, Refex Industries, and Refex Mobility. Voting cut-off date: March 31, 2026.

- Refex Industries Limited announced an Equity Shareholders' meeting on August 05, 2026, at 11:00 AM (IST) via Video Conferencing/Other Audio Visual Means. - The meeting is to consider and approve a composite scheme of amalgamation and arrangement involving Refex Green Mobility Limited and Refex Mobility Limited. - E-voting is available from August 02, 2026, 09:00 AM (IST) to August 04, 2026, 05:00 PM (IST).

- Board of Directors meeting held on June 30, 2026, approved the Annual Report for FY 2025-26. - The 24th Annual General Meeting (AGM) is scheduled for Friday, July 31, 2026, at 11:00 A.M. (IST). - Friday, July 24, 2026, is fixed as the Cut-Off Date and Record Date for the AGM and final dividend. - Final dividend, upon declaration, will be paid on or before Saturday, August 29, 2026. - ₹19.06 crore from unutilized preferential issue proceeds were reallocated.

- Board approved Annual Report for FY26. - 24th Annual General Meeting (AGM) scheduled for Friday, July 31, 2026, at 11:00 A.M. (IST) via VC/OAVM. - Cut-Off Date and Record Date for AGM and final dividend fixed as Friday, July 24, 2026. - Final dividend, upon declaration, to be paid on or before Saturday, August 29, 2026. - Recommended reallocation of ₹19.06 crore unutilised proceeds from preferential issue for shareholder approval.

- Order Win: Refex Industries Limited won an order from a Major Power Producer (Maharatna CPSE) for transportation of ash to road project construction sites. - Order Value: ₹21.15 Crore. - Completion Timeline: 12 Months.

- NCLT has issued an order dated June 18, 2026, directing meetings on August 05, 2026, for Secured and Unsecured Creditors of Refex Green Mobility Limited (RGML) and Refex Industries Limited (RIL), and Equity Shareholders of RIL to approve a Composite Scheme of Amalgamation and Arrangement. - Meetings for Equity Shareholders of Refex Mobility Limited (RML) and RGML were dispensed with.

- Trading window for designated persons to close from July 01, 2026. - Closure is for the 1st Quarter of FY 2026-27 financial results ending June 30, 2026. - Window will reopen 48 hours post results declaration.

- Order Win: Refex Industries Limited (RIL) won an order from a Maharatna Company (Major Power Producer - A Maharatna CPSE) for transportation of pond ash to NHAI road projects. - Order Value: ₹29.34 Crore - Completion Timeline: 12 Months

- Concall Schedule - Concall Date: June 11, 2026 - Concall Time: 10:00 AM to 5:00 PM

- Appellate Authority quashed GST demand of ₹35,29,002/- for FY 2021-22. The tax demand has been nullified.

- Refex Industries is undergoing a strategic transition, focusing on higher-margin service segments while exiting lower-margin trading businesses (Refrigerant Gas, Power Trading). - **Q4 FY26 (Standalone - Continuing Operations):** Revenue grew ▲18% YoY to ₹701 crores. EBITDA margin significantly expanded to 20.1% (from 10.4% YoY). PAT grew ▲67% YoY to ₹94 crores. - **FY26 (Standalone - Continuing Operations):** Revenue saw a degrowth of ▼9.7% YoY to ₹2,039 crores due to strategic restructuring, but profitability improved significantly. EBITDA grew ▲68% YoY to ₹350 crores, with EBITDA margin expanding to 17.2% (from 8.7% YoY). PAT grew ▲34% YoY to ₹247 crores. - **Ash & Coal Handling:** Key growth driver with an order pipeline of nearly ₹1,500 crores. Expected to grow in FY27, aiming for 90,000-95,000 tons/day capacity (from 68,000-70,000 currently). - **Wind Energy:** Entered active execution phase with ₹1,860 crores order book, of which ₹1,500 crores is pending execution in FY27. Current EBITDA margin is around 8%, with a focus on localization to improve margins. - **Mobility Business (EV):** Demerger process is on track, expected to complete within 60-75 days, pending NCLT approval. Achieved ₹100 crores revenue in 3 years. - **Outlook:** Management expects to maintain current EBITDA margins between 15-18% for continuing operations and is confident about long-term growth across core businesses. Promoter share pledges are expected to reduce over the next 6 months.

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.

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.

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.

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).

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.

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.

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.

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.

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.

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.

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.

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.

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).

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/-.

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.

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.

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%).