Refex Industries discloses lapse of 1.117 crore convertible warrants due to non-payment of balance 75% consideration by May 06, 2026 deadline.
Company forfeits ₹130.69 crore upfront amount received from warrant holders as per SEBI ICDR Regulation 169(3).
No change in paid-up share capital; forfeited amount to be retained and accounted per applicable accounting standards.