• Refex Industries seeks shareholder approval via postal ballot for two resolutions: enhancing Section 186 investment/loan/guarantee limits to ₹3,300 Crore and approving material RPTs with subsidiary VRPL worth ₹2,010 Crore for FY27.
• The Section 186 limit is being raised from ₹2,500 Crore (approved May 2025) to ₹3,300 Crore, an increase of ₹800 Crore, primarily to accommodate a proposed corporate guarantee for Venwind Refex Power Limited.
• VRPL RPTs of ₹2,010 Crore for FY27 include ₹1,400 Crore corporate guarantee, ₹500 Crore sale of goods/materials, ₹100 Crore domestic lending, ₹8.5 Crore equity investments, and ₹1.5 Crore leasing of premises.
• E-voting opens April 1, 2026 and closes April 30, 2026; results to be declared on or before May 5, 2026; VRPL holds credit ratings of Short Term Acuite A2 and Long Term BBB+ as of March 9, 2026.