The Annexure

News to 9 October 2026 ·

Desk›Construction› Refex Renewables & Infrastructure Ltd

Refex Renewables & Infrastructure Ltd

BSE 531260 · NSE REFEXRENEW · ISIN INE332F01018 · Group X · Suspended

Industrials › Construction › Construction › Civil Construction

₹334.05

+1.00%

BSE close, 28 August 2026

Market cap

₹150.25 cr

0.4 cr shares · Micro cap

Free float

₹37.62 cr

as published

P/E · P/B

-10.8× · -3.12×

EPS ₹-30.99 · BV ₹-107.07

FY25-26 rev / PAT

9.90 / -12.00

₹ cr, as filed

Filings, window

28

4 selected · 14%

Regime

Reg 30

Sch. III Part A

Price 52-week, BSE

52-WK LOW ₹209.05 52-WK HIGH ₹798.00 ₹334.05 21% of range
Against 52-week high-58.1%
Against 52-week low+59.8%
Day change+1.00%
Size bandMicro cap
Index membershipNone

Valuation as published by BSE

Earnings per share₹-30.99
Price / earnings-10.78×
Price / book-3.12×
Book value — derived, price ÷ P/B₹-107.07
Return on equity28.94%
Operating margin-30.35%
Net margin-169.65%

Consistency check

P/B ÷ P/E, which must equal ROE
28.94%
ROE as published
28.94%

Results ₹ crore, as filed

RevenueNet profit one scale across all three periods, ₹ crore

PeriodRevenue ₹cr Net profit ₹cr EPS ₹OPM NPM
Jun-26 · Q 2.01 -3.41 -7.59 -30.35% -169.65%
Mar-26 · Q 2.12 -2.86 -6.35 -16.51% -134.91%
FY25-26 9.90 -12.00 -26.67 -37.88% -121.21%

Quarter on quarter

Revenue, quarter on quarter
-5.2%
Net profit, quarter on quarter
-19.2%
Operating margin, quarter on quarter
-1,384 bps

Disclosure profile 28 filings in the window

0 median 17.0 p75 · 25 sector max 49 28 84th percentile of 145 Construction filers
Shaded is the middle half of the sector, 12 to 25 filings. Measured against the 145 Construction companies that filed at all in this window — companies with no filings are excluded, so this is a percentile against filers rather than against the sector.

Disclosure regime

LODR Reg 30

Read with Schedule III Part A. An equity filer in BSE Group X, so the Regulation 30 disclosure framework and the Schedule III event list both apply.

Sources Price, day change, 52-week range — bse.quote, bse.quoteWeeklyHL, 28 August 2026 close. Market cap and free float — bse.getScripTradingStats. P/E, P/B, EPS, ROE, margins — bse.equityMetaInfo. Quarterly and annual results — bse.resultsSnapshot, standalone, as filed. Four-tier classification — data/reference/companies.csv. Filing counts and tags — the build aggregate for this window. Notes Book value is derived as price ÷ P/B; BSE does not publish it directly. Share count is derived as market cap ÷ price. Figures move between captures and between vendors, and the two are not an error in either: companies.csv carries the market cap from an earlier sweep than the snapshot above. EPS appears twice with different meanings — the figure beside P/E is the trailing one from equityMetaInfo, while the EPS in the results table is the per-period figure as filed.

Filing rhythm · 93 trading days

28 filings · 4 selected · busiest 2026-08-14

Filing rhythm · the twelve most recent

2026-08-202026-10-06

SelectedProcedural

Filings

28 in the window · 3 earlier on record

  1. 6 October 2026 ·

    General

    Litigation(S) / Dispute(S) / Regulatory Action(S) With Impact In Respect Of Refex CBG Kolhapur Limited, A Step-Down Subsidiary Of The Company.

    Litigation / dispute with impact in respect of Refex CBG Kolhapur Limited (formerly Spectrum Renewable Energy Private Limited), a step-down subsidiary.

    Company Update / General View filing →

  2. 6 October 2026 ·

    Compliance Certificate

    Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018

    Certificate under Regulation 74(5) of the SEBI (Depositories and Participants) Regulations, 2018 for the 2nd quarter ended September 30, 2026, of FY2026-27

    Company Update / Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018 View filing →

  3. 28 September 2026 ·

    Trading Window

    Closure of Trading Window

    Trading window shall remain closed w.e.f. October 01, 2026 until 48 hours after declaration of unaudited financial results for Q2FY27 for all Designated Persons and Insiders

    Insider Trading / SAST / Closure of Trading Window View filing →

  4. 25 September 2026 ·

    Subsidiary Incorporation

    Acquisition

    Acquisition of equity stake in 03 companies by Refex Green Power Limited, a wholly-owned subsidiary, thereby making step-down subsidiaries/ associate company of Refex Renewables & Infrastructure ....

    Company Update / Acquisition View filing →

  5. 18 September 2026 ·

    AGM / EGM

    Shareholder Meeting / Postal Ballot-Scrutinizer's Report

    Consolidated Scrutinizer's Report dated September 18, 2026, on e-voting done by the shareholders on 04 resolutions passed at the 32nd Annual General Meeting of Refex Renewables and Infrastructure ....

    AGM/EGM / AGM View filing →

  6. 18 September 2026 ·

    AGM / EGM

    Shareholder Meeting / Postal Ballot-Outcome of AGM

    Summary of Proceedings of the 32nd Annual General Meeting of Refex Renewables & Infrastructure Limited

    AGM/EGM / AGM View filing →

  7. 1 September 2026 ·

    AGM / EGM

    Corrigendum To The Notice Dated August 04, 2026 Convening 32Nd Annual General Meeting

    Revised AGM Notice dated August 04, 2026 convening the 32nd Annual General Meeting of Refex Renewables & Infrastructure Limited to be held on Friday, September 18, 2026 at 11.00 a.m. through VC/OAVM

    AGM/EGM / AGM View filing →

  8. 25 August 2026 ·

    AGM / EGM

    Notice Convening 32Nd Annual General Meeting Of Refex Renewables & Infrastructure Limited

    32nd Annual General Meeting of Refex Renewables & Infrastructure Limited shall be held on Friday, September 18, 2026 at 11:00 a.m. through VC/ OAVM

    AGM/EGM / AGM View filing →

  9. 25 August 2026 ·

    Annual Report

    Reg. 34 (1) Annual Report.

    We are pleased to submit the Annual Report including the standalone and consolidated audited financial statement for the financial year 2025-26, along with Board's Report, Auditor's Report ....

    Others / Reg. 34 (1) Annual Report View filing →

  10. 21 August 2026 ·

    General

    Outcome Of The Meeting Of The Board Of Directors Of Refex Renewables & Infrastructure Limited ('Company') Held On August 20, 2026, Inter-Alia, For Considering Request From One Of The Promoters Of The Company For Re-Classification To 'Public' Category In The Shareholding Pattern In Accordance With The Provisions Of Regulation 31A Of The SEBI (Listing Obligations And Disclosure Requirements) Regulations, 2015

    Revised outcome of Board meeting dated August 20, 2026, after including time of commencement and conclusion of the meeting as advised by the BSE Limited.

    Company Update / General View filing →

  11. 20 August 2026 ·

    General

    Submission Of Application Seeking No-Objection Or Approval Of The Recognized Stock Exchange, Namely, BSE Limited, For Re-Classification Of Status Of Avyan Pashupathy Capital Advisors Private Limited, One Of The Promoters, As 'Public', By Refex Renewables & Infrastructure Limited, On August 20, 2026, In Accordance With The Provisions Of Regulation 31A Of The SEBI Listing Regulations.

    The Company has duly submitted requisite application on August 20, 2026, seeking NOC or approval of the BSE Limited, for re-classification of Avyan Pashupathy Capital Advisors Private Limited, ....

    Company Update / General View filing →

  12. 20 August 2026 ·

    General

    Outcome Of The Meeting Of The Board Of Directors Of Refex Renewables & Infrastructure Limited Held On August 20, 2026, Inter-Alia, For Considering Request From One Of The Promoters Of The Company For Re-Classification To 'Public' Category In The Shareholding Pattern In Accordance With The Provisions Of Regulation 31A Of The SEBI Listing Regulations, 2015.

    Approval of the Board of Directors to the re-classification request of one of the promoters to the public category, in the shareholding pattern, as per SEBI Listing Regulations, 2015.

    Company Update / General View filing →

  13. 20 August 2026 ·

    Outcome

    Board Meeting Outcome for Outcome Of The Board Meeting Held On August 20, 2026, Inter-Alia, For Considering Re-Classification Request Received From One Of The Promoters, As Per Regulation 31A Of The SEBI Listing Regulations, 2015.

    The Board has deliberated and approved the Reclassification Request and has decided to submit an application to BSE Limited seeking its no-objection for the proposed re-classification, ....

    Others / Outcome without intimation View filing →

  14. 19 August 2026 ·

    General

    Withdrawal Of Corporate Insolvency Resolution Process (CIRP) Against Sherisha Solar LLP, A Strategically Important Step-Down Subsidiary Entity,

    Withdrawal of CIRP application filed against Sherisha Solar LLP and closure of disputes and litigations between the parties.

    Company Update / General View filing →

  15. 17 August 2026 ·

    SAST

    Disclosures under Reg. 29(2) of SEBI (SAST) Regulations, 2011

    The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Avyan Pashupathy Capital Advisors Pvt Ltd

    Insider Trading / SAST / Disclosures under Reg. 29(2) of SEBI (SAST) Regulations, 2011 View filing →

  16. 14 August 2026 ·

    General

    Intimation Of Receipt Of Request From One Of The Promoters Requesting Re-Classification To 'Public' Category In The Shareholding Pattern In Accordance With The Provisions Of Regulation 31A Of The SEBI (Listing Obligations And Disclosure Requirements) Regulations, 2015 (As Amended) ('SEBI LODR Regulations').

    Avyan Pashupathy Capital Advisors Private Limited having transferred its entire 30.94% stake by way of inter-se transfer, has sought re-classification from "Promoter/ Promoter group" to ....

    Company Update / General View filing →

  17. 14 August 2026 ·

    General

    Refex Renewables & Infrastructure Limited Becomes A Subsidiary Of Refex Holding Private Limited

    Pursuant to acquisition of 13,91,869 equity shares (30.94%) by Refex Holding Private Limited (RHPL) via inter-se transfer from Promoter-Avyan Pashupathy Capital Advisors Private Limited, ....

    Company Update / General View filing →

  18. 14 August 2026 ·

    SAST

    Disclosures under Reg. 10(6) of SEBI (SAST) Regulations, 2011

    The Exchange has received the disclosure under Regulation 10(6) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Refex Holding Pvt Ltd

    Insider Trading / SAST / Disclosures under Reg. 10(6) of SEBI (SAST) Regulations, 2011 View filing →

  19. 14 August 2026 ·

    SAST

    Disclosures under Reg. 29(2) of SEBI (SAST) Regulations, 2011

    The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Refex Holding Pvt Ltd

    Insider Trading / SAST / Disclosures under Reg. 29(2) of SEBI (SAST) Regulations, 2011 View filing →

  20. 14 August 2026 ·

    SAST

    Disclosures under Reg. 29(2) of SEBI (SAST) Regulations, 2011

    The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Catalyst Trusteeship Ltd

    Insider Trading / SAST / Disclosures under Reg. 29(2) of SEBI (SAST) Regulations, 2011 View filing →

  21. 14 August 2026 ·

    SAST

    Disclosures under Reg. 29(2) of SEBI (SAST) Regulations, 2011

    The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Catalyst Trusteeship Ltd

    Insider Trading / SAST / Disclosures under Reg. 29(2) of SEBI (SAST) Regulations, 2011 View filing →

  22. 10 August 2026 ·

    SAST

    Disclosures under Reg. 10(5) in respect of acquisition under Reg. 10(1)(a) of SEBI (SAST) Regulations, 2011

    The Exchange has received the disclosure under Regulation 10(5) in respect of acquisition under Regulation 10(1)(a) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, ....

    Insider Trading / SAST / Disclosures under Reg. 10(5) in respect of acquisition under Reg. 10(1)(a) of SEBI (SAST) Reg. 2011 View filing →

  23. 6 August 2026 ·

    Order / Contract

    Award_of_Order_Receipt_of_Order

    Letter of award received by Refex Green Power Limited, a WOS from SECI, a GOI Enterprise, for setting-up of 80MW Wind Power Project in Kurnool, Andra Pradesh.

    Company Update / Award of Order / Receipt of Order View filing →

  24. 4 August 2026 ·

    General

    Announcement Under Regulation 30 Of Securities And Exchange Board Of India (Listing Obligations And Disclosure Requirements) Regulations, 2015- Redemption Of Unlisted Non- Convertible Debentures

    Redemption of 105 nos. of Unlisted, fully paid up Non-convertible Debentures ("NCDs") amounting to ?10.50 crores in full including interest thereon allotted to Northern Arc emerging corporates ....

    Company Update / General View filing →

  25. 4 August 2026 ·

    Change in Management

    Change in Management

    Re-appointment of Mr. Kalpesh Kumar as Managing Director and Key Managerial Personnel for a further period of 3 years from October 01, 2027 to September 30, 2030, subject to the approval ....

    Company Update / Change in Management View filing →

  26. 4 August 2026 ·

    Results

    Unaudited Financial Results For The Quarter Ended June 30, 2026 Of FY27

    Unaudited Financial Results for Quarter ended June 30, 2026 of FY27

    Result / Financial Results View filing →

  27. 4 August 2026 ·

    Board Outcome

    Board Meeting Outcome for Board Meeting Outcome For Outcome Of The Meeting Of The Board Of Directors Held On August 04, 2026

    Approval of the unaudited Financial Results for the 1st quarter ended June 30, 2026, for the financial year 2026-27, both on standalone and consolidated basis; Approval of Annual Report ....

    Board Meeting / Outcome of Board Meeting View filing →

  28. 29 July 2026 ·

    Board Meeting

    Board Meeting Intimation for Unaudited Financial Results For The 1St Quarter Ended June 30, 2026, Of The Financial Year 2026-27, Both On Standalone & Consolidated Basis

    Refex Renewables & Infrastructure Ltd has informed BSE that the meeting of the Board of Directors of the Company is scheduled on 04/08/2026 ,inter alia, to consider and approve Unaudited ....

    Board Meeting / Board Meeting View filing →

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