Key Quantitative Figures

Standalone Financials (Continuing Operations, ₹ in Lakhs)

Quarter Ended Sep 30, 2026:

  • Revenue from Operations: ₹55,951.41
  • Other Income: ₹589.88
  • Total Income: ₹56,541.29
  • Total Expenses: ₹48,590.15
  • Profit Before Tax (PBT): ₹7,951.14
  • Tax Expense: ₹1,999.57
  • Net Profit: ₹5,951.57
  • Basic EPS: ₹4.34
  • Diluted EPS: ₹4.29

Half Year Ended Sep 30, 2026:

  • Revenue from Operations: ₹1,17,876.50
  • Other Income: ₹1,390.49
  • Total Income: ₹1,19,266.99
  • Total Expenses: ₹1,01,481.13
  • Profit Before Tax (PBT): ₹17,785.86
  • Tax Expense: ₹4,470.52
  • Net Profit: ₹13,315.34
  • Basic EPS: ₹9.70
  • Diluted EPS: ₹9.59

Consolidated Financials (Continuing Operations, ₹ in Lakhs)

Quarter Ended Sep 30, 2026:

  • Revenue from Operations: ₹76,131.71
  • Other Income: ₹204.41
  • Total Income: ₹76,336.12
  • Total Expenses: ₹68,269.19
  • Profit Before Tax (PBT): ₹8,066.93
  • Tax Expense: ₹2,111.62
  • Net Profit: ₹5,955.31
  • Basic EPS: ₹4.34
  • Diluted EPS: ₹4.29

Half Year Ended Sep 30, 2026:

  • Revenue from Operations: ₹1,67,762.23
  • Other Income: ₹1,439.40
  • Total Income: ₹1,69,201.63
  • Total Expenses: ₹1,51,079.78
  • Profit Before Tax (PBT): ₹18,121.85
  • Tax Expense: ₹4,713.43
  • Net Profit: ₹13,408.42
  • Basic EPS: ₹9.77
  • Diluted EPS: ₹9.66

Discontinued Operations (Standalone, ₹ in Lakhs)

The Power Trading and Refrigerant Gases segments are classified as discontinued operations.

Quarter Ended Sep 30, 2026:

  • Revenue: ₹0.28
  • Total Expenses: ₹5.15
  • Loss Before Tax: (₹4.87)
  • Tax Benefit: (₹1.23)
  • Net Loss: (₹3.64)

Half Year Ended Sep 30, 2026:

  • Revenue: ₹1.94
  • Total Expenses: ₹39.78
  • Loss Before Tax: (₹37.85)
  • Tax Benefit: (₹9.52)
  • Net Loss: (₹28.33)

Discontinued Operations (Consolidated, ₹ in Lakhs)

Includes Refrigerants, Power Trading, and Green Mobility segments.

Quarter Ended Sep 30, 2026:

  • Revenue: ₹3,613.27
  • Total Expenses: ₹4,838.23
  • Loss Before Tax: (₹1,224.96)
  • Tax Benefit: (₹338.85)
  • Net Loss: (₹886.11)

Half Year Ended Sep 30, 2026:

  • Revenue: ₹6,912.02
  • Total Expenses: ₹9,530.75
  • Loss Before Tax: (₹2,618.73)
  • Tax Benefit: (₹734.98)
  • Net Loss: (₹1,883.75)

Balance Sheet Highlights (Standalone, as of Sep 30, 2026, ₹ in Lakhs)

  • Total Assets: ₹2,72,123.50
  • Equity Share Capital: ₹2,744.57
  • Other Equity: ₹1,66,395.79
  • Total Liabilities: ₹1,03,183.14
  • Trade Receivables: ₹90,588.02
  • Cash & Cash Equivalents: ₹24,214.18
  • Inventories: ₹18.53
  • Short Term Borrowings: ₹19,732.33

Cash Flow (Standalone, H1 FY27, ₹ in Lakhs)

  • Cash from Operating Activities: ₹2,407.16
  • Cash from Investing Activities: ₹1,035.16
  • Cash from Financing Activities: ₹2,724.26
  • Net Increase in Cash: ₹6,166.58

Dates of Action

  • Board Meeting: October 28, 2026 (Commenced: 12:15 PM IST, Concluded: 12:58 PM IST)
  • Prior Intimation of Board Meeting: October 22, 2026
  • ESOP Allotment Date: August 21, 2026
  • Limited Review Report Date: October 28, 2026

Parties Involved

  • Statutory Auditors: M/s A B C D & Co LLP, Chartered Accountants (Firm Registration No. 016415S/S000188)
  • Regulatory References: SEBI Master Circular no. HO/49/14/14(7)2025–CFD-POD2/I/3762/2026 dated January 30, 2026; Regulation 30 and 33 of SEBI LODR
  • Signatories: Ankit Poddar (Company Secretary & Compliance Officer), T. Anil Jain (Managing Director)

Purpose or Stated Rationale

The discontinuation of the Power Trading and Refrigerant Gases segments was approved to strengthen focus on the company's core, higher-growth businesses.

Capital Structure Impact

  • The allotment of 9,100 equity shares (face value ₹2 each) pursuant to ESOP exercise increased the issued and paid-up equity share capital from ₹27,43,99,000 to ₹27,44,57,096.

Scheme of Amalgamation Update

The Composite Scheme of Amalgamation and Arrangement involving Refex Green Mobility Ltd (RGML), Refex Industries Ltd (RIL), and Refex Mobility Ltd (RML) is pending approval from the NCLT, Chennai Bench.

  • Observation Letters (No Adverse Observations) received from BSE and NSE on March 16, 2026.
  • Application filed with NCLT on March 26, 2026.
  • NCLT directed meetings of shareholders and creditors on August 05, 2026, where the scheme was approved.
  • A second motion petition was filed on August 14, 2026. The next hearing is scheduled for October 28, 2026.
  • Pending approval, the investment has been classified as a Non-current Asset Held for Sale (₹19,144.70 lakh as of Sep 30, 2026).

Other Notes

  • The financial results have been reviewed by the Audit Committee and the Statutory Auditors.
  • Figures for previous periods have been re-grouped/re-classified for comparability.
  • Negative values are represented in brackets.