Integrated Filing — IndAS



General information about company
Scrip Code 532884
NSE Symbol REFEX
MSEI Symbol NOTLISTED
ISIN INE056I01025
Name of company REFEX INDUSTRIES LIMITED
Type of company Main Board
Class of security Equity
Date of start of financial year 01-Apr-2025
Date of end of financial year 31-Mar-2026
Date of board meeting when results were approved 12-Aug-2025
Date on which prior intimation of the meeting for considering financial results was informed to the exchange 05-Aug-2025
Description of presentation currency INR (in Actuals)
Reporting Type Quarterly
Reporting Quarter First quarter
Nature of report standalone or consolidated Consolidated
Whether results are audited or unaudited for the quarter ended Unaudited
Whether results are audited or unaudited for the Year to date for current period ended/year ended
Segment Reporting Multi segment
Description of single segment
Start date and time of board meeting 12-Aug-2025   13:47:00
End date and time of board meeting 12-Aug-2025   15:45:00
Whether cash flow statement is applicable on company
Type of cash flow statement
Declaration of unmodified opinion or statement on impact of audit qualification Not applicable



Financial Results Ind-AS
Particulars 3 months/ 6 months ended (dd-mm-yyyy) Year to date figures for current period ended (dd-mm-yyyy)
A Date of start of reporting period 01-Apr-2025
B Date of end of reporting period 30-Jun-2025
C Whether results are audited or unaudited Unaudited
D Nature of report standalone or consolidated Consolidated
Part I Blue color marked fields are non-mandatory. For Consolidated Results, if the company has no figures for 3 months / 6 months ended, in such case zero shall be inserted in the said column.
1 Income
Revenue from operations 3832494000
Other income 106500000
Total income 3938994000
2 Expenses
(a) Cost of materials consumed 1802556000
(b) Purchases of stock-in-trade 1587952000
(c) Changes in inventories of finished goods, work-in-progress and stock-in-trade -162416000
(d) Employee benefit expense 140315000
(e) Finance costs 99291000
(f) Depreciation, depletion and amortisation expense 141389000
(f) Other Expenses
1 Other Expenses 85660000 85660000
Total other expenses 85660000
Total expenses 3694747000
3 Total profit before exceptional items and tax 244247000
4 Exceptional items 0
5 Total profit before tax 244247000
6 Tax expense
7 Current tax 79743000
8 Deferred tax -40940000
9 Total tax expenses 38803000
10 Net movement in regulatory deferral account balances related to profit or loss and the related deferred tax movement 0
11 Net Profit Loss for the period from continuing operations 205444000
12 Profit (loss) from discontinued operations before tax -2296000
13 Tax expense of discontinued operations -578000
14 Net profit (loss) from discontinued operation after tax -1718000
15 Share of profit (loss) of associates and joint ventures accounted for using equity method 0
16 Total profit (loss) for period 203726000
17 Other comprehensive income net of taxes -4334000
18 Total Comprehensive Income for the period 199392000
19 Total profit or loss, attributable to
Profit or loss, attributable to owners of parent 211721000
Total profit or loss, attributable to non-controlling interests -7995000
20 Total Comprehensive income for the period attributable to
Comprehensive income for the period attributable to owners of parent 210526000
Total comprehensive income for the period attributable to owners of parent non-controlling interests -11134000
21 Details of equity share capital
Paid-up equity share capital 258561000
Face value of equity share capital 2
27 Details of debt securities
22 Reserves excluding revaluation reserve
23 Earnings per share
i Earnings per equity share for continuing operations
Basic earnings (loss) per share from continuing operations 1.59
Diluted earnings (loss) per share from continuing operations 1.51
ii Earnings per equity share for discontinued operations
Basic earnings (loss) per share from discontinued operations -0.01
Diluted earnings (loss) per share from discontinued operations -0.01
ii Earnings per equity share
Basic earnings (loss) per share from continuing and discontinued operations 1.58
Diluted earnings (loss) per share from continuing and discontinued operations 1.5
24 Debt equity ratio
25 Debt service coverage ratio
26 Interest service coverage ratio
27 Disclosure of notes on financial results



Remarks
Debt equity ratio
Debt service coverage ratio
Interest service coverage ratio


Format for Reporting Segmenet wise Revenue, Results and Capital Employed along with the company results
Particulars 3 months/ 6 month ended (dd-mm-yyyy) Year to date figures for current period ended (dd-mm-yyyy)
Date of start of reporting period 01-Apr-2025
Date of end of reporting period 30-Jun-2025
Whether accounts are audited or unaudited Unaudited
Nature of report standalone or consolidated Consolidated
1 Segment Revenue (Income)
(net sale/income from each segment should be disclosed)
1 Ash & Coal Handling Business 3470789000 3470789000
2 Refrigerant Gas- Manufacturing(Refilling) and Sales 141502000 141502000
3 Sale of Service 0 0
4 Power Trading 6135000 6135000
5 Solar Power - Generation and Related Activities 27284000 27284000
6 Green Mobility 172359000 172359000
7 Wind Power 7580000 7580000
8 Others 12980000 12980000
9 Unallocable Expenditure 0 0
Total Segment Revenue 3838629000
Less: Inter segment revenue
Revenue from operations 3838629000
2 Segment Result
Profit (+) / Loss (-) before tax and interest from each segment
1 Ash & Coal Handling Business 408642000 408642000
2 Refrigerant Gas- Manufacturing(Refilling) and Sales 1282000 1282000
3 Sale of Service 0 0
4 Power Trading -2296000 -2296000
5 Solar Power - Generation and Related Activities 11828000 11828000
6 Green Mobility -86247000 -86247000
7 Wind Power -37321000 -37321000
8 Others 1258000 1258000
9 Unallocable Expenditure -62404000 -62404000
Total Profit before tax 234742000
i. Finance cost 99291000 99291000
ii. Other Unallocable Expenditure net off Unallocable income -106500000 -106500000
Profit before tax 241951000
3 (Segment Asset - Segment Liabilities)
Segment Asset
1 Ash & Coal Handling Business 11112543000 11112543000
2 Refrigerant Gas- Manufacturing(Refilling) and Sales 335209000 335209000
3 Sale of Service 0 0
4 Power Trading 154347000 154347000
5 Solar Power - Generation and Related Activities 514171000 514171000
6 Green Mobility 1904551000 1904551000
7 Wind Power 816436000 816436000
8 Others 15088000 15088000
9 Unallocable Expenditure 0 0
Total Segment Asset 14852345000 14852345000
Un-allocable Assets 2869539000 2869539000
Net Segment Asset 17721884000 17721884000
4 Segment Liabilities
Segment Liabilities
1 Ash & Coal Handling Business 2507616000 2507616000
2 Refrigerant Gas- Manufacturing(Refilling) and Sales 34385000 34385000
3 Sale of Service 0 0
4 Power Trading 11459000 11459000
5 Solar Power - Generation and Related Activities 629586000 629586000
6 Green Mobility 1007896000 1007896000
7 Wind Power 277252000 277252000
8 Others 0 0
9 Unallocable Expenditure 0 0
Total Segment Liabilities 4468194000 4468194000
Un-allocable Liabilities 13253690000 13253690000
Net Segment Liabilities 17721884000 17721884000
Disclosure of notes on segments Textual Information(2)



Text Block
Textual Information(2) The above Consolidated unaudited financial results of the group for the Quarter ended 30th June 2025 have been reviewed by the Audit Committee and approved by the Board at their meeting held on August 11 2025 and August 12 2025 respectively nThe Statutory auditors of the company have carried out their limited review on the above results for the Quarter ended 30th June 2025 nThe financial results of the group have been prepared in accordance with the Indian Accounting Standards INDAS as prescribed under section 133 of the Companies Act 2013 nThe Group's business activities falls into the following segments: Ash and Coal Handling Business Solar Power Generation and Related Activities Refrigerant Gases Manufacturing Refilling Sale of Services Power Trading Green Mobility Windpower and Other segmentOther segment currently includes solar module trading Unallocable expenditures includes those expenses which are common for the entire enterprise nPower trading segment has not been a significant profit driver for Refex with low volumes lower margins high compliance costs and limited strategic fit with our core logistics and energy infrastructure strengths Hence the board on its meeting held on August 12 2025 has approved the discontinuation of Power Trading business subject to all statutory and Regulatory approvals This process includes surrendering the trading license settling all statutory obligations and transparently communicating the rationale for exiting to key stakeholders As a result the activity qualifies as a discontinued operation under Ind AS 105 nAccordingly the company has disclosed the profit from discontinued operations separately from the profit from continuing operations in the Statement of Profit and Loss nThe above Loss from discontinuing operation with respect to power trading segment consist of Revenue of Rs 6135 Lakhs and Purchases of power trading for Rs 8431 Lakhs resulting in Loss before tax of discontinued operation of an amount Rs 2296 Lakhs and Tax Expense of Rs 578 Lakhs resulting in Loss after tax of discontinued operation of an amount Rs 1718 Lakhs nThe Company on July 22 2024 has made allotment of 5000000 equity shares of face value on Rs 2 each to Refex Holding Private Limited Previously know as Sherisha Technologies Private Limited Promoter of the Company upon exercise of conversion of Warrants at an issue price of Rs 25 per share overall value Rs625 Crores and received the balance consideration of 75 percent ie Rs 4688 Crores pursuant to the preferential allotment approved by way of Special resolutions passed by the shareholders in the EOGM of the Company held on March 27 2024 nOn November 07 2024 the company made allotment of 81 77068 equity shares for an aggregate amount of Rs 38269 Crores being 100 percent upfront consideration and 11170000 warrants for an aggregate amount of Rs 3069 crores being 25 percent upfront consideration nOut of the proceeds from preferential issues as stated above the Company has utilized an amount ofRs49988 crores towards purposes objects specified in the explanatory statements to the Notices seeking shareholders approval for preferential issues nDuring the Quarter the company has recognised unrealised gain on RKG Fund for 8.72 Crores under INDAS 109 which is included in other income nThe Company on June 05 2025 has made allotment of 98334 equity shares of Rs2 each in lieu of exercise of vested Employee Stock Options ESOPs under Refex Employee Stock Option Scheme 2021 to the eligible employees pursuant to exercise of options granted thereunder nThis is in addition to the allotment of 294530 equity shares of face value of Rs 2each made in the month of January 2025 nThe Authorized Share Capital of the Company has been increased from Rs 40 Crore divided into 175000000 Seventeen Crore Fifty Lakh Only equity shares of Rs 21 each and 500000 Five Lakh cumulative redeemable preference shares of Rs 100 each to Rs100 Crore divided into 475000000 Forty Seven Crore and Fifty Lakh equity shares on Rs 2 each and 500000 Five Lakh cumulative redeemable preference shares ofRs100 each vide shareholders approval in the 23rd Annual General Meeting held on July 18 2025 nIn August 2025 the part of outstanding unsecured loan of Rs 599321575 Rupees Fifty Nine Crore Ninety Three Lakh Twenty One Thousand Five Hundred and Seventy Five Only is being converted into 34693 equity shares of VRPL at a face value of Rs 10 each and premium of Rs 17265 each Pursuant to the conversion the Company's shareholding in VRPL will increase from 6700percent 67000 equity shares to 75.50 percent 101693 equity shares thereby increasing the stake by 8.50percent nFigures have been regrouped reclassified restated to make them comparable to the figures wherever necessary nFigures in brackets are representing negative values



Other Comprehensive Income
Particulars 3 months/ 6 months ended (dd-mm-yyyy) Year to date figures for current period ended (dd-mm-yyyy)
A Date of start of reporting period 01-Apr-2025
B Date of end of reporting period 30-Jun-2025
C Whether results are audited or unaudited Unaudited
D Nature of report standalone or consolidated Consolidated
Other comprehensive income [Abstract]
1 Amount of items that will not be reclassified to profit and loss
Total Amount of items that will not be reclassified to profit and loss
2 Income tax relating to items that will not be reclassified to profit or loss 0
3 Amount of items that will be reclassified to profit and loss
1 Profit / (Loss) due to cash flow hedge -4060000 -4060000
2 Remeasurements of defined benefit plan actuarial gains/ (losses) -274000 -274000
Total Amount of items that will be reclassified to profit and loss -4334000
4 Income tax relating to items that will be reclassified to profit or loss 0
5 Total Other comprehensive income -4334000