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INDUSTRIES LIMITEDMain BoardEquity2025-04-012026-03-312025-11-042025-10-28INRLakhsQuarterlySecond quarterMulti segment2025-11-0415:00:002025-11-0415:42:00trueCash Flow IndirectNot applicable2025-07-012025-09-30UnauditedConsolidated426853400051952000432048600017917660001962233000-36349500010933700066151000515150006387000036813770006391090000639109000192342000-61070001862350000452874000-124092000-33118000-90974000036190000056159000418059000374411000-12511000416181000188000025856100023.53.36-0.7-0.72.82.66The above Consolidated unaudited financial results of the group for the Quarter half year ended 30th September 2025 have been reviewed by the Audit Committee and approved by the Board at their meeting held on 4th November 2025 <BR> The Statutory auditors of the company have carried out their limited review on the above results for the Quarter and Half year ended 30th September 2025 <BR> The financial results of the group have been prepared in accordance with the Indian Accounting Standards INDAS as prescribed us 133 of the Companies Act 2013 <BR> The Groups business activities falls into the following segments: Ash & 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 <BR> 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 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 Accordingly the company has disclosed the profit from discontinuing operations separately from the profit from continuing operations in the Statement of Profit and Loss <BR> The above Loss from discontinuing operation with respect to power trading segment for the Quarter ending consist of Revenue of Rs 1735 Lakhs and expenses of Rs 2490 Lakhs resulting in Loss before tax of discontinued operation of an amount Rs 755 Lakhs and Tax Expense of Rs 190 Lakhs resulting in Loss after tax of discontinued operation of an amount Rs 565 Lakhs <BR> The Board of Directors of the Company at its meeting held on September 22 2025 had approved the draft Composite Scheme of Amalgamation and Arrangement amongst Refex Green Mobility Limited Transferor Company or RGML Refex Industries Limited Transferee Company or Demerged Company or RIL and Refex Mobility Limited Resulting Company or RML and their respective shareholders and creditors under Sections 230 to 232 read with other applicable provisions of the Companies Act 2013 and the rules framed thereunder Scheme subject to the requisite approvals of the jurisdictional bench of National Company Law Tribunal NCLT and subject to the approval of shareholders and or creditors if any of RIL Central Government or such other competent authority as may be directed by the NCLT <BR> The details of revenue expenses and cash flows related to the discontinuing operation are presented as follows <BR> In Lakhs <BR> Particulars Quarter ended Half year ended <BR> Sep 30, 2025 Sep 30, 2025 <BR> Revenue from operation 2,438.53 4,223.46 <BR> Other income 5.44 31.90 <BR> Total expenses 3,684.90 6,731.32 <BR> Profit before tax negative 1240.92 negative 2,475.95 <BR> Tax expenses negative 331.18 negative 671.68 <BR> Profit after tax negative 909.74 negative 1,804.27 <BR> Cash flow from discontinuing operation <BR> Particulars Amount in Lakhs <BR> Cash generated from operating activities 969.30 <BR> Cash generated from Investing activities negative 1307.04 <BR> Cash generated from Financing activities 495.79 <BR> Pursuant to the special resolution passed by the shareholders at the Extraordinary General Meeting held on March 27 2024 the Company approved the preferential allotment of 12575000 warrants to Refex Holding Private Limited formerly Sherisha Technologies Private LimitedRHPL Promoter of the Company Upon exercise of conversion of warrants the Company allotted 5000000 equity shares of Rs2 each to RHPL on July 22 2024 at an issue price of Rs125 per share for a total consideration of Rs6250 crore after receipt of the balance 75% consideration of Rs4688 crore Subsequently upon exercise of conversion of warrants for the second tranche the Company allotted the remaining 7575000 equity shares on October 3 2025 at an issue price of Rs125 per share for an aggregate consideration of Rs9468 crore after receipt of the balance 75% consideration of Rs7102 crore <BR> On November 07 2024 the company made allotment of 8177068 equity shares for an aggregate amount of Rs38269 Crores being 100% upfront consideration and 11170000 warrants for an aggregate amount of Rs13069 crores being 25% upfront consideration <BR> Out of the proceeds from preferential issues as stated above the Company has utilized an amount of Rs49988 crores towards purposesobjects specified in the explanatory statements to the Notices seeking shareholders approval for preferential issues <BR> The Company on September 12 2025 has incorporated a whollyowned subsidiary namely ·Refex Mobility Limited· with the main objects interalia engaging in environmentally sustainable transportation and energy services using innovative technologies including electric and other vehicles by offering related sales leasing technical solutions and softwarebased applications while developing partnerships to support transportation logistics and travel services The Company has infused initial share capital of Rs1 Lakh <BR> The Company has been allotted 43000000 Four Crore Thirty Lakh numbers of Class B 001% Optionally Convertible Debentures OCDs at a face value of Rs10 Rupees Ten Only each at par fully paid in Venwind Refex Power Limited a subsidiary company on September 06 2025 <BR> Figures have been regroupedreclassifiedrestated to make them comparable to the figures wherever necessary <BR> Figures in brackets are representing negative values <BR> 2025-04-012025-09-30UnauditedConsolidated7928670000155806000808447600034685880003549966000-5259000002228720001278370001002340001363150007079912000100456400001004564000272085000-135760002585090000746055000-247595000-67168000-180427000056562800051825000617453000586135000-20507000626708000-925500025856100025.775.54-1.4-1.44.374.14Other Expenses63870000Other Expenses1363150001972412000133074000007929400075452000003947170000013233000407950000155520001092350002792969000599686000058336940002332238000138051600006416050001018805300004843319000156310580002045379000020469406000258561000123515910001261015200015255000012762702000912541000000912541000247190000009372600008298730003270500001714009000204105900098215200038530840001300416000105120001910830000535509500014143490000770670400020469406000Ash & Coal Handling Business 4089172000Refrigerant Gas- Manufacturing(Refilling) and Sales 121600000Green mobility242117000Sale Of Service 0Power Trading1735000Solar Power - Generation and Related Activities21374000Windpower36388000Others0Unallocable Expenditures0Ash & Coal Handling Business 7559961000Refrigerant Gas- Manufacturing(Refilling) and Sales 263103000Green mobility414476000Sale Of Service 0Power Trading7870000Solar Power - Generation and Related Activities48657000Windpower43968000Others12981000Unallocable Expenditures04512386000835101600045123860008351016000Ash & Coal Handling Business 752280000Refrigerant Gas- Manufacturing(Refilling) and Sales -7448000Green mobility-88443000Sale Of Service 0Power Trading-755000Solar Power - Generation and Related Activities6618000Windpower-45483000Others0Unallocable Expenditures-52663000Ash & Coal Handling Business 1160923000Refrigerant Gas- Manufacturing(Refilling) and Sales -6166000Green mobility-174689000Sale Of Service 0Power Trading-3051000Solar Power - Generation and Related Activities18446000Windpower-82804000Others1258000Unallocable Expenditures-115062000564106000798855000101585000200883000-52496000-158997000515017000756969000Ash & Coal Handling Business 10276176000Refrigerant Gas- Manufacturing(Refilling) and Sales 235645000Green mobility2045378000Sale Of Service 0Power Trading11794000Solar Power - Generation and Related Activities502601000Windpower2769002000Others14553000Unallocable Expenditures015855149000461425700020469406000Ash & Coal Handling Business 3269979000Refrigerant Gas- Manufacturing(Refilling) and Sales 4255000Green mobility1414346000Sale Of Service 0Power Trading7335000Solar Power - Generation and Related Activities613986000Windpower1787490000Others0Unallocable Expenditures070973910001337201500020469406000200883000-5260640008585260000-2124028000-88040000-1440000-13627300004269810000119184500002893150000-3036000010980300000003918000-8727100000-247596000-533340000-185811000818753000080235000000738518000000000000289235000000000000000000000169650000-691345000-96361500016315000019700000000108621000017427400064640000134631000012354000-236058000-4611550000-46115500028161710002355016000Profit / (Loss) due to cash flow hedge, net of income tax54240000Remeasurements of defined benefit plan actuarial gains/ (losses)3101000Remeasurements of defined benefit plan actuarial gains/ (losses) - discontinuing operations-118200056159000Profit / (Loss) due to cash flow hedge, net of income tax50180000Remeasurements of defined benefit plan actuarial gains/ (losses)2827000Remeasurements of defined benefit plan actuarial gains/ (losses) - discontinuing operations-11820005182500000005615900051825000