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INDUSTRIES LIMITEDMain BoardEquity2026-04-012027-03-312026-07-292026-07-23INRLakhsQuarterlyFirst quarterMulti segment2026-07-2911:39:002026-07-2912:30:00Not applicabletrue2falseNot Applicable <br /> 2026-04-012026-06-30UnauditedStandalone619250900080061000627257000050043320000-528940006975400011023800040321000117346000528909700098347300009834730002462220008730002470950000736378000-3298000-830000-2468000073391000010000073401000027443900025.375.31-0.02-0.025.355.29The above standalone unaudited financial results of the Company for the quarter ended 30 June 2026 have been reviewed by the Audit Committee and approved by the Board of Directors at their meetings held on 29 July 2026 The Statutory Auditors of the Company have carried out a limited review of the above financial results for the quarter ended 30 June 2026 <br /> <br /> The financial results of the Company have been prepared in accordance with the Indian Accounting Standards Ind AS prescribed under Section 133 of the Companies Act 2013 <br /> <br /> The Company business activities fall into the following segments Ash and Coal Handling Business and Other segment which currently includes Refrigerant Gases Manufacturing and Refilling discontinued operations Power Trading discontinued operations Solar Module Trading Solar Power Generation and Related Activities Sale of Services and Unallocable Expenditure which are common for the entire enterprise <br /> <br /> The Board approved the discontinuation of the Power Trading and Refrigerant Gases business segments to strengthen focus on the Company core higher growth businesses Accordingly both these segments have been classified as discontinued operations under Ind AS 105 and their results have been disclosed separately in the Statement of Profit and Loss under Profit from Discontinued Operations <br /> <br /> The details of revenue and expenses related to the discontinued operations Refrigerants and Power Trading are as follows <br /> <br /> Revenue from discontinued operations 1.65 <br /> <br /> Total expenses 34.63 <br /> <br /> Loss before tax -32.98 <br /> <br /> Tax benefit -8.30 <br /> <br /> Loss after tax -24.68 <br /> <br /> During the quarter the Company did not grant any Employee Stock Options under the Refex Employee Stock Option Scheme 2021 ESOP 2021 However the Company allotted 20057 equity shares of face value Rs 2 each pursuant to the exercise of vested Employee Stock Options by eligible employees under ESOP 2021 on 01 May 2026 Consequently the issued and paid up equity share capital of the Company increased to Rs 274438896 <br /> <br /> On 07 November 2024 the Company allotted 11170000 convertible warrants on a preferential basis at an issue price of Rs 468 per warrant including face value of Rs 2 each to certain persons belonging to the promoter and promoter group and non promoter category In accordance with the applicable provisions of the SEBI Issue of Capital and Disclosure Requirements Regulations 2018 twenty five percent of the issue price was received upfront at the time of allotment and the balance seventy five percent was payable within eighteen months from the date of allotment As the balance consideration was not received within the stipulated period ending 06 May 2026 the warrants lapsed upon expiry of the exercise period Consequently the upfront amount aggregating to Rs 1306890000 received on such warrants has been forfeited by the Company in accordance with the applicable provisions of the SEBI ICDR Regulations <br /> <br /> The Board of Directors of the Company at its meeting held on 22 September 2025 approved the draft Composite Scheme of Amalgamation and Arrangement among 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 and other applicable provisions of the Companies Act 2013 read with the rules made thereunder subject to receipt of the required regulatory approvals <br /> <br /> The Company received Observation Letters containing No Adverse Observations from BSE Limited and National Stock Exchange of India Limited on 16 March 2026 in relation to the Scheme The Company subsequently filed the application and petition before the Honble National Company Law Tribunal Chennai Bench on 26 March 2026 Accordingly the Company has disclosed the profit from discontinued operations separately from the profit from continuing operations in the Statement of Profit and Loss <br /> <br /> Further the Honble National Company Law Tribunal Chennai Bench by its order dated 18 June 2026 directed the Company to convene meetings of Equity Shareholders Secured Creditors and Unsecured Creditors on 05 August 2026 <br /> <br /> Venwind Refex Power Limited VRPL a subsidiary of the Company converted unsecured loans aggregating to Rs 48503664 into 2768 equity shares of face value Rs 10 each issued at a premium of Rs 17513 per share on 08 April 2026 Consequently the carrying amount of the loan was reclassified as investment in equity shares of the subsidiary <br /> <br /> Further VRPL allotted 1712 equity shares of face value Rs 10 each issued at a premium of Rs 17513 per share to the Company on 25 April 2026 resulting in a corresponding increase in the Company investment in the subsidiary <br /> <br /> Previous period figures have been regrouped reclassified or restated wherever necessary to make them comparable with the current period figures <br /> <br /> Figures shown in brackets represent negative valuesOther Expenses117346000Ash & Coal Handling Business 6104975000All other segments87699000619267400006192674000Ash & Coal Handling Business 1114690000All other segments-1043370001010353000110238000-80060000980175000Ash & Coal Handling Business 0All other segments0000Ash & Coal Handling Business 0All other segments00000Remeasurements of defined benefit plan actuarial gains/ (losses)1000001000000100000Preferential Issues2024-03-2822000000002026-06-30trueCARE Rating 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 OfficerChennai2026-07-29Preferential Issues2024-11-0790544000002026-06-30trueCARE Rating LimitedfalseThe Audit Committee has noted there was no deviation/ variation in the utilization of funds raised through Preferential Issue of Shares/ WarrantsNILWorking CapitalNIL96000000008537000000Capital ExpenditureNIL200000000062000000Investment in SubsidiariesNIL50000000005000000000General Corporate ExpensesNIL54000000004870000000Working CapitalNIL3238100000026608000000Capital ExpenditureNIL8500000000348000000Investment in SubsidiariesNIL2600000000010448000000Repayment of LoansNIL36630000003663000000General Corporate PurposesNIL200000000008921000000