Refex Industries Increases VRPL Stake to 77.77%

Refex Industries Ltd subsidiary VRPL redeemed ₹3 crore Optional Convertible Debentures held by the parent company on April 08, 2026.
VRPL converted ₹4.85 crore outstanding loan from Refex into 2,768 equity shares at ₹17,523 per share, increasing Refex's stake by 0.38% to 77.77%.
The conversion strengthens VRPL's capital structure and supports its growth in the wind power sector, with no fresh capital infusion required.