Meeting Details
Date: Wednesday, August 05, 2026
Meetings Convened:
- Meeting of Equity Shareholders at 11:00 A.M. (IST) through Video Conferencing/Other Audio-Visual Means
- Meeting of Secured Creditors at 11:30 A.M. (IST) at Registered Office: 2nd Floor Refex Towers, 313, Valluvar Kottam High Road, Nungambakkam, Chennai - 600034
- Meeting of Unsecured Creditors at 12:00 P.M. (IST) at Registered Office: 2nd Floor Refex Towers, 313, Valluvar Kottam High Road, Nungambakkam, Chennai - 600034
NCLT Order Reference: CA(CAA)/43(CHE)/2026 dated June 18, 2026
Proposed Resolutions and Implications
The meetings were convened to consider and approve the Composite Scheme of Amalgamation and Arrangement amongst:
- Refex Green Mobility Limited (Transferor Company)
- Refex Industries Limited (Transferee Company/Demerged Company)
- Refex Mobility Limited (Resulting Company)
The resolution sought approval for the Scheme under Sections 230-232 of Companies Act, 2013, subject to NCLT sanction and other regulatory approvals.
Voting Process and Methods
Equity Shareholders: Remote e-voting (August 02-04, 2026) and e-voting at meeting via CDSL
Secured Creditors: Postal ballot at physical meeting
Unsecured Creditors: Postal ballot at physical meeting
Record Date: Friday, July 31, 2026
Total Shareholders on Record Date: 92,973
Key Voting Outcomes
Equity Shareholders Meeting
Total Votes Cast: 79,107,854 shares (57.6506% of outstanding shares)
Category-wise Breakdown:
- Promoter & Promoter Group: 77,623,085 shares voted (100% of holdings), 100% in favor
- Public-Institutions: 657,785 shares voted (40.4383% of holdings), 100% in favor
- Public-Non Institutions: 826,984 shares voted (1.4266% of holdings), 99.9271% in favor, 0.0729% against
Overall Result: 99.9992% in favor, 0.0008% against - RESOLUTION PASSED
Secured Creditors Meeting
Total Secured Creditors: 10 with outstanding dues of ₹1,58,90,59,414/-
Creditors Present and Voting: 3 (representing 47.2% of total outstanding dues)
Votes in Favor: 3 creditors representing ₹75,00,00,000/- (100% of votes cast)
Votes Against: None
Invalid Votes: None
Unsecured Creditors Meeting
Total Unsecured Creditors: 379 with outstanding dues of ₹3,47,67,69,639/-
Creditors Present and Voting: 37 (representing 6.19% of total outstanding dues)
Votes in Favor: 37 creditors representing ₹21,50,55,251/- (100% of votes cast)
Votes Against: None
Invalid Votes: None
Scrutinizer's Role and Findings
Scrutinizer: Kishore P, Advocate, Madras High Court
Responsibilities:
- Scrutinized remote e-voting and e-voting during court-convened meeting
- Verified voting process for secured and unsecured creditors through postal ballot
- Prepared consolidated reports on voting results
Findings: All voting processes were conducted fairly and transparently. The resolution was approved by the requisite majority in all meetings.
Compliance with Laws and Regulations
The disclosure confirms compliance with:
- SEBI (LODR) Regulations, 2015 Regulation 44(3)
- SEBI Master Circular no. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026
- Companies Act, 2013 Sections 108, 109, 230-232
- Companies (Management and Administration) Rules, 2014
- NCLT order dated June 18, 2026
Additional Information
- Public advertisements published on July 05, 2026 in "The Indian Express" and "Makkal Kural"
- Service Provider for e-voting: Central Depository Services (India) Limited (CDSL)
- Chairperson of meetings: Mr. U.K. Sirohi appointed by Hon'ble NCLT