Meeting Details

Three separate meetings were convened on Wednesday, August 5, 2026, as directed by the National Company Law Tribunal (NCLT), Division Bench - I, Chennai vide order CA(CAA)/43(CHE)/2026 dated June 18, 2026:

  • Equity Shareholders Meeting: Held at 11:00 A.M. (IST) through Video Conferencing/Other Audio-Visual Means
  • Secured Creditors Meeting: Held at 11:30 A.M. (IST) at the Registered Office (2nd Floor Refex Towers, 313, Valluvar Kottam High Road, Nungambakkam, Chennai – 600034) through physical mode
  • Unsecured Creditors Meeting: Held at 12:00 P.M. (IST) at the Registered Office through physical mode

Proposed Resolutions and Implications

The sole purpose of all meetings was 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 scheme involves amalgamation of Refex Green Mobility into Refex Industries followed by a demerger to create Refex Mobility. The equity shares of Refex Mobility Limited are proposed to be listed on BSE Limited and the National Stock Exchange of India Limited.

Voting Process and Methods

Different voting methods were employed for different stakeholder groups:

  • Equity Shareholders: Remote e-voting was provided prior to the meeting, with additional e-voting facility available during the meeting for 15 minutes after conclusion. The cut-off date for voting eligibility was Friday, July 31, 2026.
  • Secured Creditors: Voting conducted through physical ballot papers. Cut-off date for creditor list was March 31, 2026.
  • Unsecured Creditors: Voting conducted through physical ballot papers. Cut-off date for creditor list was March 31, 2026.

Key Attendees and Officials

Court-Appointed Officials:

  • Mr. U.K. Sirohi - Court-appointed Chairperson for all meetings
  • Mr. Kishore P - Court-appointed Scrutinizer for all meetings

Company Directors Present:

  • Mr. Anil Jain - Chairman & Managing Director
  • Mr. Dinesh Kumar Agarwal - Whole-time Director & Chief Financial Officer
  • Ms. Susmitha Siripurapu - Non-Executive Director
  • Mr. Sivaramakrishnan Vasudevan - Independent Director (Equity Shareholders meeting only)
  • Ms. Latha Venkatesh - Independent Director
  • Dr. Vineet Kothari - Independent Director (Equity Shareholders meeting only)

Other Officials:

  • Mr. Prem Chand - Authorized Representative of Statutory Auditor M/s A B C D & Co. LLP, Chartered Accountants
  • Mr. Ankit Poddar - Company Secretary & Compliance Officer (conducted proceedings)

Compliance and Regulatory References

The meetings were conducted in compliance with:

  • SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (Regulation 30)
  • Companies Act, 2013 (Sections 230-232 and Section 102)
  • NCLT Order dated June 18, 2026 in CA(CAA)/43(CHE)/2026
  • Secretarial Standard-2 on General Meetings

Timeline and Next Steps

  • The Chairperson shall submit the report of each meeting to the Hon'ble NCLT within three (3) days from conclusion
  • Voting results and Scrutinizer's Report will be placed on the company website (<https://www.refex.co.in/investors>) and CDSL website
  • Results will be submitted to BSE Limited (Security Code: 532884) and National Stock Exchange of India Limited (Symbol: REFEX) within prescribed timelines
  • Details of voting results as required under Regulation 44(3) of SEBI Listing Regulations will be submitted separately

Meeting Duration

  • Equity Shareholders Meeting: 11:00 A.M. to 11:30 A.M. (IST)
  • Secured Creditors Meeting: 11:30 A.M. to 12:00 P.M. (IST)
  • Unsecured Creditors Meeting: 12:00 P.M. to 12:30 P.M. (IST)