Refex Renewables & Infrastructure Limited received prior intimation dated August 07, 2026 from Refex Holding Private Limited (RHPL), a promoter entity, regarding acquisition of 13,91,869 equity shares of face value ₹10 each. This represents 30.94% of the company's paid-up equity share capital.
The shares are being acquired from Avyan Pashupathy Capital Advisors Private Limited (Avyan), another promoter entity. The transaction constitutes an inter-se transfer among promoter/promoter group entities and is being undertaken under Regulation 10(1)(a)(ii) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.
The concerned parties will enter into definitive agreements and other transaction documents to give effect to this transfer. The company will make appropriate disclosures to the stock exchange upon execution of these definitive agreements in accordance with applicable laws and regulations.
Following the transfer, the company will take necessary steps for re-classification of Avyan Pashupathy Capital Advisors Private Limited as the Outgoing Promoter. This re-classification will be subject to approval from the stock exchange and shareholders under Regulation 31A of SEBI (Listing Obligation and Disclosure Requirements) Regulations, 2015.
The disclosure was signed by Vinay Aggarwal, Company Secretary & Compliance Officer (ACS-39099), on behalf of Refex Renewables & Infrastructure Limited.