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The financial results of the company have been prepared in accordance with the Indian Accounting Standards IND-AS as prescribed u/s 133 of the Companies Act 2013.. <BR> 3. The Group's 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 segment.Other segment currently includes solar module trading. Unallocable expenditures includes those expenses which are common for the entire enterprise. <BR> 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 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> 5. 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 2.50 percent 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 Company’s core, higher-growth businesses, thereby improving capital efficiency and long-term value creation.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> 6. In Lakhs <BR> Particulars Quarter Ended Nine Months Ended <BR> Dec 31 2025 Dec 31 2025 <BR> Revenue from discontinuing operation 724.68 3434.40 <BR> Other Income 0 0 <BR> Total Expenses 840.55 3642.44 <BR> Profit before Tax -115.87 -208.04 <BR> Tax Expenses -29.16 -52.36 <BR> Profit after Tax -86.71 -155.68 <BR> 7. 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 1,25,75,000 warrants to Refex Holding Private Limited formerly Sherisha Technologies Private Limited RHPL Promoter of the Company. Upon exercise of conversion of warrants, the Company allotted 50,00,000 equity shares of Rs2 each to RHPL on July 22, 2024, at an issue price of Rs125 per share, for a total consideration of Rs62.50 crore, after receipt of the balance 75percent consideration of Rs46.88 crore. Subsequently, upon exercise of conversion of warrants for the second tranche, the Company allotted the remaining 75,75,000 equity shares on October 3, 2025, at an issue price of Rs125 per share, for an aggregate consideration of Rs94.68 crore, after receipt of the balance 75percent consideration of Rs71.02 crore. <BR> 8. The Company, on November 20, 2025 has made allotment of 2,73,925 equity shares of Rs2 each, in lieu of exercise of vested Employee Stock Options ESOPs under Refex Employee Stock Option Scheme 2021 ESOP 2021, to the eligible employees. <BR> 9. On November 07, 2024, the company made allotment of 81,77,068 equity shares for an aggregate amount of Rs382.69 Crores being 100percent upfront consideration and 1,11,70,000 warrants, for an aggregate amount of Rs130.69 crores being 25percent upfront consideration. <BR> Out of the proceeds from preferential issues as stated above, the Company has utilized an amount of Rs499.88 crores towards purposes/objects specified in the explanatory statements to the Notices seeking shareholders’ approval for preferential issues. <BR> 10. 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> 11. During the current quarter, the Company diluted its holding of 540 equity shares constituting 0.40percent of the total paid up share capital in Venwind Refex Power Limited pursuant to an internal structural realignment.After the dilution, percentage of share holding of the company stands at 74.40percent <BR> 12. Figures have been re-grouped re-classified restated to make them comparable to the figures wherever necessary.2025-04-012025-12-31UnauditedStandalone133817200002616650001364338500045814940006283402000-220000025305000020292900011320700017723300011609115000203427000002034270000492540000708000049962000001534650000-20804000-5236000-155680000151908200073280001526410000274259000211.6411.5-0.12-0.1211.5211.38Other Expenses74455000Other Expenses177233000Ash & Coal Handling Business 5663050000Refrigerant Gas- Manufacturing(Refilling) and Sales 72040000Sale Of Service 70660000Power Trading427000Solar Power - Generation and Related Activities26412000Others0Unallocable expenditure0Ash & Coal Handling Business 13223010000Refrigerant Gas- Manufacturing(Refilling) and Sales 335143000Sale Of Service 70660000Power Trading8297000Solar Power - Generation and Related Activities75069000Others12981000Unallocable expenditure058325890001372516000000583258900013725160000Ash & Coal Handling Business 967499000Refrigerant Gas- Manufacturing(Refilling) and Sales -11084000Sale Of Service 18075000Power Trading-504000Solar Power - Generation and Related Activities11906000Others0Unallocable expenditure-86665000Ash & Coal Handling Business 2128422000Refrigerant Gas- Manufacturing(Refilling) and Sales -17250000Sale Of Service 18075000Power Trading-3555000Solar Power - Generation and Related Activities30352000Others1258000Unallocable expenditure-202573000899227000195472900083006000202929000-70322000-2616660008865430002013466000Ash & Coal Handling Business 14740590000Refrigerant Gas- Manufacturing(Refilling) and Sales 162726000Sale Of Service 96815000Power Trading5139000Solar Power - Generation and Related Activities509611000Others0Unallocable expenditure015514881000648124200021996123000Ash & Coal Handling Business 5734604000Refrigerant Gas- Manufacturing(Refilling) and Sales 1552000Sale Of Service 30915000Power Trading3377000Solar Power - Generation and Related Activities614698000Others0Unallocable expenditure06385146000156109770002199612300000Profit / (Loss) due to cash flow hedge-952000Remeasurements of defined benefit plan actuarial gains/ (losses)0-952000Profit / (Loss) due to cash flow hedge4501000Remeasurements of defined benefit plan actuarial gains/ (losses)2827000732800000-9520007328000Preferential Issues2024-03-286250000002025-12-31trueCARE Ratings LimitedfalseThe Audit Committee has noted there was no deviation/ variation in the utilization of funds raised through Preferential Issue of Shares/ WarrantsNilAnkit PoddarCompany Secretary and Compliance OfficerChennai2026-01-21Preferential Issues2024-04-1115719000002025-12-31trueCARE Ratings LimitedfalseThe Audit Committee has noted there was no deviation/ variation in the utilization of funds raised through Preferential Issue of Shares/ WarrantsNilPreferential Issues2024-11-0738269000002025-12-31trueCARE Ratings LimitedfalseThe Audit Committee has noted there was no deviation/ variation in the utilization of funds raised through Preferential Issue of Shares/ WarrantsNilPreferential Issues2024-11-0713068900002025-12-31trueCARE Ratings LimitedfalseThe Audit Committee has noted there was no deviation/ variation in the utilization of funds raised through Preferential Issue of Shares/ Warrants