| 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 | 01-04-2025 |
| Date of end of financial year | 31-03-2026 |
| Date of board meeting when results were approved | 26-05-2026 |
| Date on which prior intimation of the meeting for considering financial results was informed to the exchange | 20-05-2026 |
| Description of presentation currency | INR |
| Level of rounding used in financial results | Lakhs |
| Reporting Type | Quarterly |
| Reporting Quarter | Fourth quarter |
| Nature of report standalone or consolidated | Standalone |
| Whether results are audited or unaudited for the quarter ended | Audited |
| Whether results are audited or unaudited for the Year to date for current period ended/year ended | Audited |
| Segment Reporting | Multi segment |
| Description of single segment | |
| Start date and time of board meeting | 26-05-2026 11:44:00 |
| End date and time of board meeting | 26-05-2026 12:15:00 |
| Whether cash flow statement is applicable on company | Yes |
| Type of cash flow statement | Cash Flow Indirect |
| Declaration of unmodified opinion or statement on impact of audit qualification | Declaration of unmodified opinion |
| Whether the company has any related party? | Yes |
| Whether the company has entered into any Related Party transaction during the selected half year for which it wants to submit disclosure? | Yes |
| (I) We declare that the acceptance of fixed deposits by the bans/Non-Banking Finance Company are at the terms uniformly applicable/offered to all shareholders/public | NA |
| (II) We declare that the scheduled commercial bank, as per RBI circular RBI/DBR/2015-16/19 dated March 03, 2016, has allowed additional interest of one per cent per annum, over and above the rate of interest mentioned in the schedule of interest rates on savings or a term deposits of banks staff and their exclusive associations as well as on deposits of Chairman, Chairman & Managing Director, Executive Director or such other Executives appointed for a fixed tenure. | No |
| Whether the company is a high value debt listed entity according to regulation 15 (1A)? | No |
| (a) If answer to above question is Yes, whether complying with proviso to regulation 23 (9), i.e., submitting RPT disclosures on the day of results publication? | |
| (b) If answer to above question is No, please explain the reason for not complying. | |
| Whether the updated Related Party Transactions (RPT) Policy (in compliance with Reg. 23 of SEBI LODR) has been uploaded on the website of the Company? | Yes |
| Latest Date on which RPT policy is updated | 21-01-2026 |
| Indicate Company website link for updated RPT policy of the Company | https://www.refex.co.in/investors/policies |
| Whether statement on deviation or variation for proceeds of public issue, rights issue, preferential issue, qualified institutions placement etc. is applicable to the company for the current quarter? | Yes |
| No. of times funds raised during the quarter | 2 |
| Whether the disclosure for the Default on Loans and Debt Securities is applicable to the entity? | No |
| No Default on Loans and Debt Securities is applicable to the entity | |
| 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 | 01-01-2026 | 01-04-2025 |
| B | Date of end of reporting period | 31-03-2026 | 31-03-2026 |
| C | Whether results are audited or unaudited | Audited | Audited |
| D | Nature of report standalone or consolidated | Standalone | Standalone |
| 1 | Income | ||
| Revenue from operations | 70,103.07 | 2,03,920.28 | |
| Other income | 385.52 | 3,002.17 | |
| Total income | 70,488.59 | 2,06,922.45 | |
| 2 | Expenses | ||
| (a) | Cost of materials consumed | 55,629.99 | 1,64,278.95 |
| (b) | Purchases of stock-in-trade | 0.00 | 0.00 |
| (c) | Changes in inventories of finished goods, work-in-progress and stock-in-trade | (1,018.17) | (1,040.17) |
| (d) | Employee benefit expense | 591.88 | 3,122.38 |
| (e) | Finance costs | 982.70 | 3,011.98 |
| (f) | Depreciation, depletion and amortisation expense | 394.47 | 1,526.54 |
| (f) | Other Expenses | ||
| 1 | Other Expenses | 784.44 | 2,556.77 |
| Total other expenses | 784.44 | 2,556.77 | |
| Total expenses | 57,365.31 | 1,73,456.45 | |
| 3 | Total profit before exceptional items and tax | 13,123.28 | 33,466.00 |
| 4 | Exceptional items | 0.00 | 0.00 |
| 5 | Total profit before tax | 13,123.28 | 33,466.00 |
| 6 | Tax expense | ||
| 7 | Current tax | 3,717.04 | 8,642.47 |
| 8 | Deferred tax | 33.64 | 104.44 |
| 9 | Total tax expenses | 3,750.68 | 8,746.91 |
| 10 | Net movement in regulatory deferral account balances related to profit or loss and the related deferred tax movement | 0.00 | 0.00 |
| 11 | Net Profit Loss for the period from continuing operations | 9,372.60 | 24,719.09 |
| 12 | Profit (loss) from discontinued operations before tax | 31.09 | (176.96) |
| 13 | Tax expense of discontinued operations | 7.83 | (44.56) |
| 14 | Net profit (loss) from discontinued operation after tax | 23.26 | (132.40) |
| 15 | Share of profit (loss) of associates and joint ventures accounted for using equity method | 0.00 | 0.00 |
| 16 | Total profit (loss) for period | 9,395.86 | 24,586.69 |
| 17 | Other comprehensive income net of taxes | 118.51 | 191.79 |
| 18 | Total Comprehensive Income for the period | 9,514.37 | 24,778.48 |
| 19 | Total profit or loss, attributable to | ||
| Profit or loss, attributable to owners of parent | |||
| Total profit or loss, attributable to non-controlling interests | |||
| 20 | Total Comprehensive income for the period attributable to | ||
| Comprehensive income for the period attributable to owners of parent | |||
| Total comprehensive income for the period attributable to owners of parent non-controlling interests | |||
| 21 | Details of equity share capital | ||
| Paid-up equity share capital | 2,743.99 | 2,743.99 | |
| Face value of equity share capital | 2 | 2 | |
| 27 | Details of debt securities | ||
| 22 | Reserves excluding revaluation reserve | 1,54,423.62 | |
| 23 | Earnings per share | ||
| i | Earnings per equity share for continuing operations | ||
| Basic earnings (loss) per share from continuing operations | 6.83 | 18.57 | |
| Diluted earnings (loss) per share from continuing operations | 6.76 | 18.35 | |
| ii | Earnings per equity share for discontinued operations | ||
| Basic earnings (loss) per share from discontinued operations | 0.02 | -0.1 | |
| Diluted earnings (loss) per share from discontinued operations | 0.02 | -0.1 | |
| ii | Earnings per equity share | ||
| Basic earnings (loss) per share from continuing and discontinued operations | 6.85 | 18.47 | |
| Diluted earnings (loss) per share from continuing and discontinued operations | 6.78 | 18.25 | |
| 24 | Debt equity ratio | ||
| 25 | Debt service coverage ratio | ||
| 26 | Interest service coverage ratio | ||
| 27 | Disclosure of notes on financial results | Textual Information(1) | |
| Textual Information(1) | The above standalone audited financial results of the Company for the Quarter and year ended 31st March 2026 have been reviewed by the Audit Committee and approved by the Board at their meetings held on 26th May 2026 The Statutory auditors of the Company have carried out their audit on the above results for the Quarter and year ended 31st March 2026 2 The financial results of the Company have been prepared in accordance with the Indian Accounting Standards INDAS as prescribed us 133 of the Companies Act 2013 3 The Companys business activities falls into the following segments Ash Coal Handling Business Solar Power Generation and Related Activities Sale of Services Refrigerant Gases Manufacturing Refilling Power Trading Discontinued operations and Other segment which currently includes solar module trading Unallocable expenditure includes those expenses which are common for the entire enterprise 4 Power 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 PowerTrading business subject to all statutory and Regulatory approvalsThis 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 Accordingly the Company has disclosed the profit from discontinuing operations separately from the profit from continuing operations in the Statement of Profit and Loss Further The Board of Directors approved the discontinuation of the Refrigerant Gases business segment at its meeting held on January 21 2026 The segment accounted for approximately 250 of the Companys total revenue and was impacted by operational and financial challenges due to heightened competition and pricing pressures The discontinuation is intended to enable better allocation of management focus and capital towards the Companys core highergrowth businesses thereby improving capital efficiency and longterm value creationAs a result the activity qualifies as a discontinued operation under Ind AS 105 Accordingly the Company has disclosed the profit from discontinuing operations separately from the profit from continuing operations in the Statement of Profit and Loss 5 The details of revenue and expenses related to the discontinuing operation Refrigerants and Power trading are presented as follows Amount in Lakhs Particulars Quarter ended Mar 31 2026 Year ended Mar 31 2026 Revenue from discontinuing operation 10425 353865 Total expenses 7316 371561 Profit before tax 3109 17696 Tax expenses 783 4456 Profit after tax 2326 13240 Cash flow from discontinuing operation for the year ended 31st March 2026 Particulars Amount in Lakhs Cash generated from operating activities 322712 Cash generated from Investing activities 36095 Cash generated from Financing activities 6 During the quarter the Company had granted 46809 Employee Stock Options ESOPs to eligible employees of the Company under the Refex Employee Stock Option Scheme 2021 ESOP 2021 Further during the quarter the Company had allotted 69859 equity shares of face value of 2 each pursuant to the exercise of vested Employee Stock Options by eligible employees under the said ESOP 2021 Further consequent to the aforesaid allotment the issued and paidup equity share capital of the Company stands increased accordingly 7 A writ petition was filed before the Honble High Court challenging the assessment order dated 31052023 issued by the Deputy Commissioner of Income Tax Central Circle 34 Chennai for Assessment Year 201617 involving a demand of Rs356722 lakhs The writ petition was filed on the grounds that the said assessment order was passed without providing an opportunity of being heard as mandated us 144A of the Income Tax Act 1961 and no appropriate approval obtained for issuing the notice The Honble Madras High Court after considering the submissions has set aside the aforesaid assessment order passed by the Assessing Officer Consequently the tax demand of approximately Rs356722 Lakhs raised pursuant to the said order stands nullified 8 On November 07 2024 the Company had allotted 11170000 convertible warrants on a preferential basis at an issue price of 468 per warrant including face value of 2 each to certain persons belonging to the promoter promoter group and nonpromoter category In accordance with the applicable provisions of the Securities and Exchange Board of India Issue of Capital and Disclosure Requirements Regulations 2018 25 of the issue price was received upfront at the time of allotment and the balance 75 was payable within 18 months from the date of allotment As the balance consideration towards the warrants was not received within the stipulated period ending May 06 2026 the said warrants lapsed upon expiry of the exercise period Consequently the upfront amount received on such warrants aggregating to 1306890000 has been forfeited by the Company in accordance with the applicable provisions of the SEBI ICDR Regulations 9 The Board of Directors of Refex Industries Limited has recommended a final dividend of Rs 1 per equity share having a face value of Rs 2 each for the Financial Year 202526 subject to the approval of the shareholders 9 Figures for the quarter ended March 312026 and March 312025 represents the difference between the audited figures of the financial year ended and the published year to date figures upto the third quarter of the relevant financial year 10 Figures have been regroupedreclassifiedrestated to make them comparable to the figures wherever necessary 11 Figures in brackets are representing negative value |
|---|
| Debt equity ratio | |
|---|---|
| Debt service coverage ratio | |
| Interest service coverage ratio |
| Particulars | Year ended (dd-mm-yyyy) | |
|---|---|---|
| Date of start of reporting period | 01-04-2025 | |
| Date of end of reporting period | 31-03-2026 | |
| Whether results are audited or unaudited | Audited | |
| Nature of report standalone or consolidated | Standalone | |
| Assets | ||
| 1 | Non-current assets | |
| Property, plant and equipment | 13,684.84 | |
| Capital work-in-progress | 143.96 | |
| Investment property | 0.00 | |
| Goodwill | 0.00 | |
| Other intangible assets | 767.78 | |
| Intangible assets under development | 0.00 | |
| Biological assets other than bearer plants | 0.00 | |
| Investments accounted for using equity method | 0.00 | |
| Non-current financial assets | ||
| Non-current investments | 10,599.84 | |
| Trade receivables, non-current | 0.00 | |
| Loans, non-current | 0.00 | |
| Other non-current financial assets | ||
| 1 | Other Non-Current Assets | 6,118.56 |
| 2 | NA | 0.00 |
| 3 | NA | 0.00 |
| 4 | NA | 0.00 |
| 5 | NA | 0.00 |
| 6 | Right of use assets | 4,724.09 |
| Total of other non-current financial assets | 10,842.65 | |
| Total non-current financial assets | 21,442.49 | |
| Deferred tax assets (net) | 0.00 | |
| Other non-current assets | ||
| 1 | NA | 0.00 |
| 2 | NA | 0.00 |
| 3 | NA | 0.00 |
| 4 | NA | 0.00 |
| 5 | NA | 0.00 |
| Total of other non-current assets | 0.00 | |
| Total non-current assets | 36,039.07 | |
| 2 | Current assets | |
| Inventories | 1,040.17 | |
| Current financial asset | ||
| Current investments | 0.00 | |
| Trade receivables, current | 73,730.89 | |
| Cash and cash equivalents | 18,047.60 | |
| Bank balance other than cash and cash equivalents | 6,098.46 | |
| Loans, current | 0.00 | |
| Other current financial assets | ||
| Total of other current financial assets | 6,264.84 | |
| Total current financial assets | 1,04,141.79 | |
| Current tax assets (net) | ||
| Other current assets | ||
| 1 | Other Current assets | 11,287.64 |
| 2 | Contract Assets | 73,413.62 |
| Total of other current assets | 84,701.26 | |
| Total current assets | 1,89,883.22 | |
| 3 | Non-current assets classified as held for sale | 16,318.27 |
| 4 | Regulatory deferral account debit balances and related deferred tax Assets | 0.00 |
| Total assets | 2,42,240.56 | |
| Equity and liabilities | ||
| 1 | Equity | |
| Equity attributable to owners of parent | ||
| Equity share capital | 2,743.99 | |
| Other equity | 1,54,423.62 | |
| Total equity attributable to owners of parent | 1,57,167.61 | |
| Non controlling interest | ||
| Total equity | 1,57,167.61 | |
| 2 | Liabilities | |
| Non-current liabilities | ||
| Non-current financial liabilities | ||
| Borrowings, non-current | 2,609.65 | |
| Trade payables, non-current | ||
| (A) Total outstanding dues of micro enterprises and small enterprises | 0.00 | |
| (B) Total outstanding dues of creditors other than micro enterprises and small enterprises | 0.00 | |
| Total Trade payable | 0.00 | |
| Other non-current financial liabilities | ||
| 1 | Lease Liabilities | 5,504.48 |
| 2 | NA | 0.00 |
| 3 | NA | 0.00 |
| 4 | NA | 0.00 |
| 5 | NA | 0.00 |
| Total of other non-current financial liabilities | 5,504.48 | |
| Total non-current financial liabilities | 8,114.13 | |
| Provisions, non-current | 140.33 | |
| Deferred tax liabilities (net) | 30.36 | |
| Deferred government grants, Non-current | ||
| Other non-current liabilities | ||
| 1 | NA | 0.00 |
| 2 | NA | 0.00 |
| 3 | NA | 0.00 |
| 4 | NA | 0.00 |
| 5 | NA | 0.00 |
| Total of other non-current liabilities | 0.00 | |
| Total non-current liabilities | 8,284.82 | |
| Current liabilities | ||
| Current financial liabilities | ||
| Borrowings, current | 13,280.95 | |
| Trade payables, current | ||
| (A) Total outstanding dues of micro enterprises and small enterprises | 0.00 | |
| (B) Total outstanding dues of creditors other than micro enterprises and small enterprises | 33,416.02 | |
| Total Trade payable | 33,416.02 | |
| Other current financial liabilities | ||
| 1 | Other current financial liabilities | 20,814.52 |
| 2 | Lease Liabilities | 336.86 |
| Total of other current financial liabilities | 21,151.38 | |
| Total current financial liabilities | 67,848.35 | |
| Other current liabilities | 1,877.76 | |
| 1 | Other current liabilities | 1,877.76 |
| 2 | NA | 0.00 |
| 3 | NA | 0.00 |
| 4 | NA | 0.00 |
| 5 | NA | 0.00 |
| Total of other current liabilities | 1,877.76 | |
| Provisions, current | 92.12 | |
| Current tax liabilities (Net) | 6,969.90 | |
| Deferred government grants, Current | 0.00 | |
| Total current liabilities | 76,788.13 | |
| 3 | Liabilities directly associated with assets in disposal group classified as held for sale | 0.00 |
| 4 | Regulatory deferral account credit balances and related deferred tax liability | 0.00 |
| Total liabilities | 85,072.95 | |
| Total equity and liabilites | 2,42,240.56 | |
| Disclosure of notes on assets and liabilities | ||
| 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 | 01-01-2026 | 01-04-2025 | |||||
| Date of end of reporting period | 31-03-2026 | 31-03-2026 | |||||
| Whether results are audited or unaudited | Audited | Audited | |||||
| Nature of report standalone or consolidated | Standalone | Standalone | |||||
| 1 | Segment Revenue (Income) | ||||||
| (net sale/income from each segment should be disclosed) | |||||||
| 1 | Ash & Coal Handling business | 69,036.79 | 2,01,266.90 | ||||
| 2 | Refrigerant Gas- Manufacturing (Refilling) and Sales� | 0.0010365 | 3,455.08 | ||||
| 3 | Sale Of Service� | 0.0077998 | 1,486.58 | ||||
| 4 | Power Trading | 0.000006 | 0.0008357 | ||||
| 5 | Solar Power - Generation and Related Activities | 0.002863 | 1,036.99 | ||||
| 6 | Others | 0.00 | 0.0012981 | ||||
| 7 | Unallocable expenses | 0.00 | 0.00 | ||||
| Total Segment Revenue | 70,207.32 | 2,07,458.93 | |||||
| Less: Inter segment revenue | 0.00 | 0.00 | |||||
| Revenue from operations | 70,207.32 | 2,07,458.93 | |||||
| 2 | Segment Result | ||||||
| Profit (+) / Loss (-) before tax and interest from each segment | |||||||
| 1 | Ash & Coal Handling business | 14,091.14 | 35,375.36 | ||||
| 2 | Refrigerant Gas- Manufacturing (Refilling) and Sales� | 38.15 | (134.35) | ||||
| 3 | Sale Of Service� | 187.84 | 368.58 | ||||
| 4 | Power Trading | (7.06) | (42.61) | ||||
| 5 | Solar Power - Generation and Related Activities | 133.28 | 436.80 | ||||
| 6 | Others | (0.37) | 12.21 | ||||
| 7 | Unallocable expenses | (691.43) | (2,717.14) | ||||
| Total Profit before tax | 13,751.55 | 33,298.85 | |||||
| i. Finance cost | 982.70 | 3,011.98 | |||||
| ii. Other Unallocable Expenditure net off Unallocable income | (385.52) | (3,002.17) | |||||
| Profit before tax | 13,154.37 | 33,289.04 | |||||
| 3 | (Segment Asset - Segment Liabilities) | ||||||
| Segment Asset | |||||||
| 1 | Ash & Coal Handling business | 1,63,809.99 | 1,63,809.99 | ||||
| 2 | Refrigerant Gas- Manufacturing (Refilling) and Sales� | 167.95 | 167.95 | ||||
| 3 | Sale Of Service� | 1,152.72 | 1,152.72 | ||||
| 4 | Power Trading | 47.59 | 47.59 | ||||
| 5 | Solar Power - Generation and Related Activities | 5,095.21 | 5,095.21 | ||||
| 6 | Others | 0.00 | 0.00 | ||||
| 7 | Unallocable expenses | 0.00 | 0.00 | ||||
| Total Segment Asset | 1,70,273.46 | 1,70,273.46 | |||||
| Un-allocable Assets | 71,967.10 | 71,967.10 | |||||
| Net Segment Asset | 2,42,240.56 | 2,42,240.56 | |||||
| 4 | Segment Liabilities | ||||||
| Segment Liabilities | |||||||
| 1 | Ash & Coal Handling business | 63,845.02 | 63,845.02 | ||||
| 2 | Refrigerant Gas- Manufacturing (Refilling) and Sales� | 3.97 | 3.97 | ||||
| 3 | Sale Of Service� | 255.28 | 255.28 | ||||
| 4 | Power Trading | 28.21 | 28.21 | ||||
| 5 | Solar Power - Generation and Related Activities | 6,189.47 | 6,189.47 | ||||
| 6 | Others | 0.00 | 0.00 | ||||
| 7 | Unallocable expenses | 0.00 | 0.00 | ||||
| Total Segment Liabilities | 70,321.95 | 70,321.95 | |||||
| Un-allocable Liabilities | 1,71,918.61 | 1,71,918.61 | |||||
| Net Segment Liabilities | 2,42,240.56 | 2,42,240.56 | |||||
| Disclosure of notes on segments | |||||||
| 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 | 01-01-2026 | 01-04-2025 |
| B | Date of end of reporting period | 31-03-2026 | 31-03-2026 |
| C | Whether results are audited or unaudited | Audited | Audited |
| D | Nature of report standalone or consolidated | Standalone | Standalone |
| Other comprehensive income [Abstract] | |||
| 1 | Amount of items that will not be reclassified to profit and loss | ||
| 1 | Remeasurements of defined benefit plan actuarial gains/ (losses) | 108.99 | 137.26 |
| Total Amount of items that will not be reclassified to profit and loss | 108.99 | 137.26 | |
| 2 | Income tax relating to items that will not be reclassified to profit or loss | 0.00 | 0.00 |
| 3 | Amount of items that will be reclassified to profit and loss | ||
| 1 | Profit / (Loss) due to cash flow hedge | 9.52 | 54.53 |
| Total Amount of items that will be reclassified to profit and loss | 9.52 | 54.53 | |
| 4 | Income tax relating to items that will be reclassified to profit or loss | 0.00 | 0.00 |
| 5 | Total Other comprehensive income | 118.51 | 191.79 |
| Particulars | Year ended (dd-mm-yyyy) | |||||
|---|---|---|---|---|---|---|
| A | Date of start of reporting period | 01-04-2025 | ||||
| B | Date of end of reporting period | 31-03-2026 | ||||
| C | Whether results are audited or unaudited | Audited | ||||
| D | Nature of report standalone or consolidated | Standalone | ||||
| Statement of cash flows | ||||||
| Cash flows from used in operating activities | ||||||
| Profit before tax | 33,466.00 | |||||
| Adjustments for reconcile profit (loss) | ||||||
| Adjustments for finance costs | 3,011.98 | |||||
| Adjustments for decrease (increase) in inventories | (302.31) | |||||
| Adjustments for decrease (increase) in trade receivables, current | (6,377.43) | |||||
| Adjustments for decrease (increase) in trade receivables, non-current | 0.00 | |||||
| Adjustments for decrease (increase) in other current assets | (54,377.71) | |||||
| Adjustments for decrease (increase) in other non-current assets | 0.00 | |||||
| Adjustments for other financial assets, non-current | 0.00 | |||||
| Adjustments for other financial assets, current | 0.00 | |||||
| Adjustments for other bank balances | 0.00 | |||||
| Adjustments for increase (decrease) in trade payables, current | 17,034.32 | |||||
| Adjustments for increase (decrease) in trade payables, non-current | 0.00 | |||||
| Adjustments for increase (decrease) in other current liabilities | 914.96 | |||||
| Adjustments for increase (decrease) in other non-current liabilities | 0.00 | |||||
| Adjustments for depreciation and amortisation expense | 1,584.77 | |||||
| Adjustments for impairment loss reversal of impairment loss recognised in profit or loss | 0.00 | |||||
| Adjustments for provisions, current | 39.47 | |||||
| Adjustments for provisions, non-current | 0.00 | |||||
| Adjustments for other financial liabilities, current | 12,019.71 | |||||
| Adjustments for other financial liabilities, non-current | 0.00 | |||||
| Adjustments for unrealised foreign exchange losses gains | 0.00 | |||||
| Adjustments for dividend income | 0.00 | |||||
| Adjustments for interest income | 1,216.87 | |||||
| Adjustments for share-based payments | 9.70 | |||||
| Adjustments for fair value losses (gains) | 0.00 | |||||
| Adjustments for undistributed profits of associates | 0.00 | |||||
| Other adjustments for which cash effects are investing or financing cash flow | 0.00 | |||||
| Other adjustments to reconcile profit (loss) | (176.96) | |||||
| Other adjustments for non-cash items | (469.58) | |||||
| Share of profit and loss from partnership firm or association of persons or limited liability partnerships | 0.00 | |||||
| Total adjustments for reconcile profit (loss) | (28,305.95) | |||||
| Net cash flows from (used in) operations | 5,160.05 | |||||
| Dividends received | 0.00 | |||||
| Interest paid | 0.00 | |||||
| Interest received | 0.00 | |||||
| Income taxes paid (refund) | 2,079.24 | |||||
| Other inflows (outflows) of cash | 0.00 | |||||
| Net cash flows from (used in) operating activities | 3,080.81 | |||||
| Cash flows from used in investing activities | ||||||
| Cash flows from losing control of subsidiaries or other businesses | 0.00 | |||||
| Cash flows used in obtaining control of subsidiaries or other businesses | 10,294.14 | |||||
| Other cash receipts from sales of equity or debt instruments of other entities | 0.00 | |||||
| Other cash payments to acquire equity or debt instruments of other entities | 0.00 | |||||
| Other cash receipts from sales of interests in joint ventures | 0.00 | |||||
| Other cash payments to acquire interests in joint ventures | 0.00 | |||||
| Cash receipts from share of profits of partnership firm or association of persons or limited liability partnerships | 0.00 | |||||
| Cash payment for investment in partnership firm or association of persons or limited liability partnerships | 0.00 | |||||
| Proceeds from sales of property, plant and equipment | 360.95 | |||||
| Purchase of property, plant and equipment | 793.24 | |||||
| Proceeds from sales of investment property | 0.00 | |||||
| Purchase of investment property | 0.00 | |||||
| Proceeds from sales of intangible assets | 0.00 | |||||
| Purchase of intangible assets | 0.00 | |||||
| Proceeds from sales of intangible assets under development | 0.00 | |||||
| Purchase of intangible assets under development | 0.00 | |||||
| Proceeds from sales of goodwill | 0.00 | |||||
| Purchase of goodwill | 0.00 | |||||
| Proceeds from biological assets other than bearer plants | 0.00 | |||||
| Purchase of biological assets other than bearer plants | 0.00 | |||||
| Proceeds from government grants | 0.00 | |||||
| Proceeds from sales of other long-term assets | 0.00 | |||||
| Purchase of other long-term assets | 0.00 | |||||
| Cash advances and loans made to other parties | 3,792.41 | |||||
| Cash receipts from repayment of advances and loans made to other parties | 0.00 | |||||
| Cash payments for future contracts, forward contracts, option contracts and swap contracts | 0.00 | |||||
| Cash receipts from future contracts, forward contracts, option contracts and swap contracts | 0.00 | |||||
| Dividends received | 0.00 | |||||
| Interest received | 756.14 | |||||
| Income taxes paid (refund) | 0.00 | |||||
| Other inflows (outflows) of cash | (7,871.24) | |||||
| Net cash flows from (used in) investing activities | (21,633.94) | |||||
| Cash flows from used in financing activities | ||||||
| Proceeds from changes in ownership interests in subsidiaries | 0.00 | |||||
| Payments from changes in ownership interests in subsidiaries | 0.00 | |||||
| Proceeds from issuing shares | 8,002.88 | |||||
| Proceeds from issuing other equity instruments | 0.00 | |||||
| Payments to acquire or redeem entity's shares | 0.00 | |||||
| Payments of other equity instruments | 0.00 | |||||
| Proceeds from exercise of stock options | 0.00 | |||||
| Proceeds from issuing debentures notes bonds etc | 0.00 | |||||
| Proceeds from borrowings | 6,204.26 | |||||
| Repayments of borrowings | 0.00 | |||||
| Payments of lease liabilities | 1,045.86 | |||||
| Dividends paid | 646.40 | |||||
| Interest paid | 2,294.84 | |||||
| Income taxes paid (refund) | 0.00 | |||||
| Other inflows (outflows) of cash | 0.00 | |||||
| Net cash flows from (used in) financing activities | 10,220.04 | |||||
| Net increase (decrease) in cash and cash equivalents before effect of exchange rate changes | (8,333.09) | |||||
| Effect of exchange rate changes on cash and cash equivalents | ||||||
| Effect of exchange rate changes on cash and cash equivalents | 0.00 | |||||
| Net increase (decrease) in cash and cash equivalents | (8,333.09) | |||||
| Cash and cash equivalents cash flow statement at beginning of period | 26,380.69 | |||||
| Cash and cash equivalents cash flow statement at end of period | 18,047.60 | |||||
| Whether results are audited or unaudited | Audited |
|---|---|
| Declaration of unmodified opinion or statement on impact of audit qualification | Declaration of unmodified opinion |
| Auditor's opinion | |
| Declaration pursuant to Regulation 33 (3) (d) of SEBI (LODR) Regulation, 2015: The company declares that its Statutory Auditor/s have issued an Audit Report with unmodified opinion for the period on Standalone results | Yes |
| Sr No. | Audit firm's name | Whether the firm holds a valid peer review certificate issued by Peer Review Board of ICAI | Certificate valid upto | ||
| 1 | A B C D & Co. LLP | Yes | 29-02-2028 | ||
|---|---|---|---|---|---|
| Mode of Fund Raising | Preferential Issues |
|---|---|
| Description of mode of fund raising (Applicable in case of others is selected) | |
| Date of Raising Funds | 28-03-2024 |
| Amount Raised | 22,000.00 |
| Report filed for Quarter ended | 31-03-2026 |
| Monitoring Agency | Applicable |
| Monitoring Agency Name, if applicable | CARE Ratings Limited |
| Is there a Deviation / Variation in use of funds raised | No |
| If yes, whether the same is pursuant to change in terms of a contract or objects, which was approved by the shareholders | |
| If Yes, Date of shareholder Approval | |
| Explanation for the Deviation / Variation | |
| Comments of the Audit Committee after review | The Audit Committee has noted there was no deviation/ variation in the utilization of funds raised through Preferential Issue of Shares/ Warrants |
| Comments of the auditors, if any | NIL |
| Sr. | Original Object | Modified Object, if any | Original Allocation | Modified allocation, if any | Funds Utilised | Amount of Deviation/Variation for the quarter according to applicable object | Remarks if any |
| 1 | Working Capital | NIL | 9,600.00 | 0.00 | 8,537.00 | 0.00 | |
| 2 | Capital Expenditure | NIL | 2,000.00 | 0.00 | 62.00 | 0.00 | |
| 3 | Investment in Subsidiaries | NIL | 5,000.00 | 0.00 | 5,000.00 | 0.00 | |
| 4 | General Corporate Expenses | NIL | 5,400.00 | 0.00 | 3,870.00 | 0.00 |
| Mode of Fund Raising | Preferential Issues |
|---|---|
| Description of mode of fund raising (Applicable in case of others is selected) | |
| Date of Raising Funds | 07-11-2024 |
| Amount Raised | 90,544.00 |
| Report filed for Quarter ended | 31-03-2026 |
| Monitoring Agency | Applicable |
| Monitoring Agency Name, if applicable | CARE Ratings Limited |
| Is there a Deviation / Variation in use of funds raised | No |
| If yes, whether the same is pursuant to change in terms of a contract or objects, which was approved by the shareholders | |
| If Yes, Date of shareholder Approval | |
| Explanation for the Deviation / Variation | |
| Comments of the Audit Committee after review | The Audit Committee has noted there was no deviation/ variation in the utilization of funds raised through Preferential Issue of Shares/ Warrants |
| Comments of the auditors, if any | NIL |
| Sr. | Original Object | Modified Object, if any | Original Allocation | Modified allocation, if any | Funds Utilised | Amount of Deviation/Variation for the quarter according to applicable object | Remarks if any |
| 1 | Working Capital | NIL | 32,381.00 | 0.00 | 26,608.00 | 0.00 | |
| 2 | Capital Expenditure | NIL | 8,500.00 | 0.00 | 348.00 | 0.00 | |
| 3 | Investment in Subsidiaries | NIL | 26,000.00 | 0.00 | 10,448.00 | 0.00 | |
| 4 | Repayment of Loans | NIL | 3,663.00 | 0.00 | 3,663.00 | 0.00 | |
| 5 | General Corporate Purposes | NIL | 20,000.00 | 0.00 | 8,921.00 | 0.00 |
| Name of signatory | Ankit Poddar |
| Designation of person | Company Secretary and Compliance Officer |
| Place | Chennai |
| Date | 26-05-2026 |
Format for Disclosure of Related Party Transactions (applicable only for half-yearly filings i.e., 2nd and 4th quarter) |
| Sr No. | Additional disclosure of related party transactions - applicable only in case the related party transaction relates to loans, inter-corporate deposits, advances or investments made or given by the listed entity/subsidiary. These details need to be disclosed only once, during the reporting period when such transaction was undertaken. | ||||||||||||||||||||||||
| Details of the party (listed entity/subsidiary) entering into the transaction | Details of the counterparty | Type of related party transaction | Details of other related party transaction | Value of the related party transaction as approved by the audit committee | Remarks on approval by audit committee | Value of the related party transaction ratified by the audit committee | Date of Audit Committee Meeting where the ratification was approved | Value of transaction during the reporting period | In case monies are due to either party as a result of the transaction | In case any financial indebtedness is incurred to make or give loans, inter-corporate deposits, advances or investments | Details of the loans, inter-corporate deposits, advances or investments | Notes | |||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Name | PAN | Name | PAN | Relationship of the counterparty with the listed entity or its subsidiary | Opening balance | Closing balance | Nature of indebtedness (loan/ issuance of debt/ any other etc.) | Details of other indebtedness | Cost | Tenure | Nature (loan/ advance/ intercorporate deposit/ investment ) | Interest Rate (%) | Tenure | Secured/ unsecured | Purpose for which the funds will be utilised by the ultimate recipient of funds (endusage) | ||||||||||
| 1 | Refex Industries Limited | Mr Anil Jain | Chairman cum Managing Director KMP | Remuneration | 500.00 | - | 75.00 | (16.65) | 0.00 | ||||||||||||||||
| 2 | Refex Industries Limited | Mr Dinesh Kumar Agarwal | Whole time Director and CFO KMP | Any other transaction | Reimbursement of Expenses | 100.00 | - | 10.27 | (6.79) | 1.18 | |||||||||||||||
| 3 | Refex Industries Limited | Mr Ramesh Dugar | Independent Director | Any other transaction | Director's Sitting fees | 12.00 | - | 1.90 | 0.00 | 0.00 | |||||||||||||||
| 4 | Refex Industries Limited | Ms Sushmita Siripurapu | Non Executive Director | Any other transaction | Director's Sitting fees | 12.00 | - | 1.30 | 0.00 | 0.00 | |||||||||||||||
| 5 | Refex Industries Limited | Mr Sivaramakrishnan Vasudevan | Independent Director | Any other transaction | Director's Sitting fees | 12.00 | - | 2.10 | 0.00 | 0.00 | |||||||||||||||
| 6 | Refex Industries Limited | Mr Vineeth Kothari | Independent Director | Any other transaction | Director's Sitting fees | 12.00 | - | 0.80 | 0.00 | 0.00 | |||||||||||||||
| 7 | Refex Industries Limited | Ms Latha Venkatesh | Independent Director | Any other transaction | Director's Sitting fees | 12.00 | - | 1.30 | 0.00 | 0.00 | |||||||||||||||
| 8 | Refex Industries Limited | Refex Holding Private Limited | Holding Company | Any other transaction | Rental Charges | 300.00 | - | 43.39 | 0.00 | 0.00 | |||||||||||||||
| 9 | Refex Industries Limited | Refex Holding Private Limited | Holding Company | Any other transaction | Rental Income | 300.00 | - | 3.72 | 6.46 | 0.00 | |||||||||||||||
| 10 | Refex Industries Limited | Refex Holding Private Limited | Holding Company | Any other transaction | Rental deposit given | 31.00 | - | 0.00 | 20.39 | 20.39 | |||||||||||||||
| 11 | Refex Industries Limited | Refex Holding Private Limited | Holding Company | Any other transaction | Rental deposit taken | 300.00 | - | 0.00 | (1.20) | (1.20) | |||||||||||||||
| 12 | Refex Industries Limited | Refex Holding Private Limited | Holding Company | Any other transaction | Reimbursement of Expenses | 250.00 | - | 154.90 | 18.56 | 0.00 | |||||||||||||||
| 13 | Refex Industries Limited | Refex Renewables Infrastructure Ltd | Entities in which Key Management Personnel are interested | Any other transaction | Rental Income | 100.00 | - | 12.18 | 13.46 | 0.00 | |||||||||||||||
| 14 | Refex Industries Limited | Refex Renewables Infrastructure Ltd | Entities in which Key Management Personnel are interested | Any other transaction | Rental deposit taken | 100.00 | - | 0.00 | (1.20) | (1.20) | |||||||||||||||
| 15 | Refex Industries Limited | Refex Renewables Infrastructure Ltd | Entities in which Key Management Personnel are interested | Sale of goods or services | 2,000.00 | - | 0.00 | 145.53 | 0.00 | ||||||||||||||||
| 16 | Refex Industries Limited | Sparzana Aviation Private Limited | Entities in which Key Management Personnel are interested | Any other transaction | Rental Income | 50.00 | - | 2.40 | 0.43 | 0.00 | |||||||||||||||
| 17 | Refex Industries Limited | Sparzana Aviation Private Limited | Entities in which Key Management Personnel are interested | Any other transaction | Rental deposit taken | 50.00 | - | 0.00 | (1.20) | (1.20) | |||||||||||||||
| 18 | Refex Industries Limited | Refex Green Mobility Limited | Subsidiary Company | Loan | 20,000.00 | - | 4,438.50 | 3,839.00 | 8,277.50 | ||||||||||||||||
| 19 | Refex Industries Limited | Refex Green Mobility Limited | Subsidiary Company | Interest received | 1,800.00 | - | 303.36 | 97.45 | 0.00 | ||||||||||||||||
| 20 | Refex Industries Limited | Refex Green Mobility Limited | Subsidiary Company | Any other transaction | GST on corporate guarantee | 0.00 | - | 0.00 | 0.00 | 0.00 | |||||||||||||||
| 21 | Refex Industries Limited | Refex Green Mobility Limited | Subsidiary Company | Any other transaction | Rental Income | 100.00 | - | 10.08 | 14.13 | 0.00 | |||||||||||||||
| 22 | Refex Industries Limited | Refex Green Mobility Limited | Subsidiary Company | Any other transaction | Rental Deposit | 100.00 | - | 0.00 | (1.20) | (1.20) | |||||||||||||||
| 23 | Refex Industries Limited | Refex Green Mobility Limited | Subsidiary Company | Any other transaction | Reimbursement of Expenses | 100.00 | - | 5.30 | 0.00 | 0.00 | |||||||||||||||
| 24 | Refex Industries Limited | Refex Green Mobility Limited | Subsidiary Company | Any other transaction | Rental Expenses | 200.00 | - | 12.96 | (3.34) | 0.00 | |||||||||||||||
| 25 | Refex Industries Limited | Refex Green Mobility Limited | Subsidiary Company | Investment | 20,000.00 | - | 0.00 | 8,000.00 | 8,000.00 | ||||||||||||||||
| 26 | Refex Industries Limited | Refex Mobility Limited | Subsidiary Company | Investment | 10.00 | - | 0.00 | 1.00 | 1.00 | ||||||||||||||||
| 27 | Refex Industries Limited | Venwind Refex Power Limited | Subsidiary Company | Interest received | 1,800.00 | - | 12.89 | 204.57 | 195.47 | ||||||||||||||||
| 28 | Refex Industries Limited | Venwind Refex Power Limited | Subsidiary Company | Any other transaction | GST on corporate guarantee | 0.00 | - | 0.00 | 0.00 | 0.00 | |||||||||||||||
| 29 | Refex Industries Limited | Venwind Refex Power Limited | Subsidiary Company | Loan | 20,000.00 | - | 638.92 | 0.00 | 638.92 | ||||||||||||||||
| 30 | Refex Industries Limited | Venwind Refex Power Limited | Subsidiary Company | Investment | 10,300.00 | - | 4,300.02 | 5,999.82 | 10,299.84 | ||||||||||||||||
| 31 | Refex Industries Limited | Venwind Refex Power Limited | Subsidiary Company | Any other transaction | Rental Income | 100.00 | - | 24.57 | 0.00 | 0.00 | |||||||||||||||
| 32 | Refex Industries Limited | Ugamdevi Tarachand Foundations | Entities in which Key Management Personnel are interested | Any other transaction | Corporate Social Responsibility | 1,000.00 | - | 0.00 | 18.50 | 0.00 | |||||||||||||||
| 33 | Refex Industries Limited | Aabhuti Investment Fund Trust | Entities in which Key Management Personnel are interested | Any other transaction | Rental Income | 100.00 | - | 1.80 | 0.00 | 0.00 | |||||||||||||||
| 34 | Refex Industries Limited | Aabhuti Investment Fund Trust | Entities in which Key Management Personnel are interested | Any other transaction | Rental Deposit | 1.20 | - | 1.20 | 0.00 | (1.20) | |||||||||||||||
| 35 | Venwind Refex Power Limited | Refex Engineering Products Private Limited | Subsidiary Company | Loan | - | 1,047.50 | 0.00 | 1,047.50 | |||||||||||||||||
| 36 | Venwind Refex Power Limited | Refex Engineering Products Private Limited | Subsidiary Company | Investment | - | 1.00 | 0.00 | 1.00 | |||||||||||||||||
| 37 | Venwind Refex Power Limited | Refex Engineering Products Private Limited | Subsidiary Company | Interest received | - | 12.53 | 0.00 | 0.00 | |||||||||||||||||
| 38 | Venwind Refex Power Limited | Venwind Refex Projects Limited | Subsidiary Company | Loan | - | 0.00 | 0.00 | 0.00 | |||||||||||||||||
| 39 | Venwind Refex Power Limited | Venwind Refex Power Services Limited | Subsidiary Company | Loan | - | 0.00 | 0.00 | 0.00 | |||||||||||||||||
| 40 | Venwind Refex Power Limited | Venwind Refex Projects Limited | Subsidiary Company | Investment | - | 10.00 | 0.00 | 10.00 | |||||||||||||||||
| 41 | Venwind Refex Power Limited | Venwind Refex Power Services Limited | Subsidiary Company | Any other transaction | Reimbursement | - | 0.00 | 0.00 | 0.00 | ||||||||||||||||
| 42 | Venwind Refex Power Limited | Refex Green Mobility Limited | Co Subsidiary | Any other transaction | Travelling expenses | - | 3.44 | 0.00 | 0.00 | ||||||||||||||||
| 43 | Venwind Refex Power Limited | Refex Holding Private Limited | Ultimate Parent | Any other transaction | Subscription Expense | - | 0.13 | 0.00 | 0.00 | ||||||||||||||||
| 44 | Venwind Refex Power Limited | Refex Holding Private Limited | Ultimate Parent | Any other transaction | Insurance | - | 14.38 | 0.00 | 0.00 | ||||||||||||||||
| 45 | Venwind Refex Power Limited | Venwind Refex Projects Limited | Subsidiary Company | Any other transaction | Reimbursement | - | 0.04 | 0.00 | 0.00 | ||||||||||||||||
| 46 | Venwind Refex Power Limited | Refex Engineering Products Private Limited | Subsidiary Company | Any other transaction | Reimbursement | - | 0.02 | 0.00 | 0.00 | ||||||||||||||||
| 47 | Venwind Refex Power Limited | Sundaram Subramaniam | KMP | Remuneration | - | 30.23 | 0.00 | 0.00 | |||||||||||||||||
| 48 | Refex Green Mobility Limited | Refex EV Fleet Services Private Ltd | Subsidiary Company | Any other transaction | Loan advanced | - | 287.73 | 2,653.56 | 2,809.37 | ||||||||||||||||
| 49 | Refex Green Mobility Limited | Refex EV Fleet Services Private Ltd | Subsidiary Company | Any other transaction | Loan repaid | - | 131.92 | 0.00 | 0.00 | ||||||||||||||||
| 50 | Refex Green Mobility Limited | Refex EV Fleet Services Private Ltd | Subsidiary Company | Investment | - | 0.00 | 0.99 | 0.99 | |||||||||||||||||
| 51 | Refex Green Mobility Limited | Refex EV Fleet Services Private Ltd | Subsidiary Company | Investment | - | 0.00 | 521.72 | 521.72 | |||||||||||||||||
| 52 | Refex Green Mobility Limited | Refex EV Fleet Services Private Ltd | Subsidiary Company | Any other transaction | Lease rent receivable | - | 0.00 | 0.00 | 0.00 | ||||||||||||||||
| 53 | Refex Green Mobility Limited | Refex EV Fleet Services Private Ltd | Subsidiary Company | Interest received | - | 155.76 | 0.00 | 0.00 | |||||||||||||||||
| 54 | Refex Green Mobility Limited | Refex EV Fleet Services Private Ltd | Subsidiary Company | Interest received | - | 0.03 | 0.00 | 0.00 | |||||||||||||||||
| 55 | Refex Green Mobility Limited | Refex EV Fleet Services Private Ltd | Subsidiary Company | Any other transaction | Prepaid subscription charges | - | 0.00 | 0.00 | 0.00 | ||||||||||||||||
| 56 | Refex Green Mobility Limited | Refex EV Fleet Services Private Ltd | Subsidiary Company | Purchase of goods or services | - | 0.00 | 0.00 | 0.00 | |||||||||||||||||
| 57 | Refex Green Mobility Limited | Refex EV Fleet Services Private Ltd | Subsidiary Company | Any other transaction | Cross utilised expenses | - | 5.30 | 0.00 | 0.00 | ||||||||||||||||
| 58 | Refex Green Mobility Limited | Refex EV Fleet Services Private Ltd | Subsidiaries of Holding Company | Any other transaction | Vehicle hiring charges expenses | - | 0.00 | 0.00 | 0.00 | ||||||||||||||||
| 59 | Refex Green Mobility Limited | Sachin Navtosh Jha | Whole Time Director (KMP) | Any other transaction | Food, Accomodation & travelling expenses | - | 0.00 | 0.00 | 0.00 | ||||||||||||||||
| 60 | Refex Green Mobility Limited | Yash Jain - Director | Director (KMP) | Any other transaction | Food, Accomodation & travelling expenses | - | 0.00 | 0.00 | 0.00 | ||||||||||||||||
| Total value of transaction during the reporting period | 11,758.87 | ||||||||||||||||||||||||