Refex Industries Ltd invested ₹3 crore in subsidiary VRPL's rights issue, acquiring 1,712 shares at ₹17,523 per share.
The investment reduced Refex's stake in VRPL from 77.77% to 76.81%, with a further reduction to 73.28% due to separate OCD conversions.
VRPL is a newly incorporated power & energy company focused on wind power, with no turnover since its December 2024 incorporation.
The transaction was completed on April 25, 2026, and disclosed under SEBI Listing Regulation 30 as a related party transaction.