Refex Renewbl&Infra
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Refex Renewables & Infrastructure’s board approved Avyan Pashupathy Capital Advisors’ request to move from the promoter category to public after it transferred 1,391,869 shares, representing 30.94% of the company, to Refex Holding. The proposed reclassification remained subject to BSE’s no-objection, while shareholder approval was exempt because Avyan and related persons held no voting rights. Refex Holding held 33,67,425 shares, or 74.87% of the company, after the inter-se transfer. Refex Renewables reported FY26 consolidated revenue of ₹66.47 crore and a net loss of ₹42.96 crore.
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Refex Renewables & Infrastructure’s board approved Avyan Pashupathy Capital Advisors’ request to move from the promoter category to public after it transferred 1,391,869 shares, representing 30.94% of the company, to Refex Holding. The proposed reclassification remained subject to BSE’s no-objection, while shareholder approval was exempt because Avyan and related persons held no voting rights. Refex Holding held 33,67,425 shares, or 74.87% of the company, after the inter-se transfer. Refex Renewables reported FY26 consolidated revenue of ₹66.47 crore and a net loss of ₹42.96 crore.
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Refex Renewables & Infrastructure completed definitive agreements on August 14 for a full and final settlement of disputes involving Sherisha Solar LLP, which paid ₹16.51 crore against a ₹33.39 crore loan liability. The settlement provided for withdrawal of insolvency proceedings against Sherisha Solar and related oppression-and-mismanagement petitions. The arrangement also transferred Ishaan Solar Power and its subsidiary SEI Tejas to SILRES for ₹3.93 crore, ending their status as wholly owned subsidiaries. Refex transferred a 0.064% stake in SILRES to Avyan for ₹10 lakh and unused SUNEDISON trademarks to SILRES for ₹1 crore. Consolidated revenue was ₹66.47 crore in FY26, while the group reported a ₹42.96 crore loss and ₹48.05 crore of finance costs.
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Refex Renewables & Infrastructure completed definitive agreements on August 14 for a full and final settlement of disputes involving Sherisha Solar LLP, which paid ₹16.51 crore against a ₹33.39 crore loan liability. The settlement provided for withdrawal of insolvency proceedings against Sherisha Solar and related oppression-and-mismanagement petitions. The arrangement also transferred Ishaan Solar Power and its subsidiary SEI Tejas to SILRES for ₹3.93 crore, ending their status as wholly owned subsidiaries. Refex transferred a 0.064% stake in SILRES to Avyan for ₹10 lakh and unused SUNEDISON trademarks to SILRES for ₹1 crore. Consolidated revenue was ₹66.47 crore in FY26, while the group reported a ₹42.96 crore loss and ₹48.05 crore of finance costs.
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Catalyst Trusteeship released its pledge over 431,000 shares of Refex Renewables & Infrastructure on August 11, representing 9.58% of the company's equity. The trustee had held the shares as security for debenture holders, and its encumbered holding fell to nil without any change to the company's ₹4.50 crore equity capital. Refex Renewables reported consolidated revenue of ₹66.47 crore and a net loss of ₹42.96 crore for the year ended March 2026. Promoter-group pledges disclosed in January covered 31.94% of the paid-up capital and were linked to NCD security requirements.
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Catalyst Trusteeship released its pledge over 431,000 shares of Refex Renewables & Infrastructure on August 11, representing 9.58% of the company's equity. The trustee had held the shares as security for debenture holders, and its encumbered holding fell to nil without any change to the company's ₹4.50 crore equity capital. Refex Renewables reported consolidated revenue of ₹66.47 crore and a net loss of ₹42.96 crore for the year ended March 2026. Promoter-group pledges disclosed in January covered 31.94% of the paid-up capital and were linked to NCD security requirements.
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Refex Renewables & Infrastructure, Sherisha Solar LLP and SILRES Energy Solutions entered into a binding memorandum of understanding to settle their disputes and withdraw the related insolvency and oppression-and-mismanagement proceedings. The arrangement provided for Sherisha Solar to pay ₹16.51 crore against a stated loan liability of ₹33.39 crore, alongside the transfer of Ishaan Solar Power for ₹3.93 crore, a 0.064% SILRES stake for ₹10 lakh and unused SunEdison trademarks for ₹1 crore. The understanding followed an NCLT direction dated January 30, 2026 to explore an amicable resolution and remained subject to definitive agreements and required approvals. Refex had reported FY26 consolidated revenue of ₹66.47 crore and a PAT loss of ₹42.96 crore, with fully eroded net worth and continuing going-concern uncertainty.
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Refex Renewables & Infrastructure, Sherisha Solar LLP and SILRES Energy Solutions entered into a binding memorandum of understanding to settle their disputes and withdraw the related insolvency and oppression-and-mismanagement proceedings. The arrangement provided for Sherisha Solar to pay ₹16.51 crore against a stated loan liability of ₹33.39 crore, alongside the transfer of Ishaan Solar Power for ₹3.93 crore, a 0.064% SILRES stake for ₹10 lakh and unused SunEdison trademarks for ₹1 crore. The understanding followed an NCLT direction dated January 30, 2026 to explore an amicable resolution and remained subject to definitive agreements and required approvals. Refex had reported FY26 consolidated revenue of ₹66.47 crore and a PAT loss of ₹42.96 crore, with fully eroded net worth and continuing going-concern uncertainty.
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Refex Green Power, a wholly owned subsidiary of Refex Renewables, won a Solar Energy Corporation of India tender and received a letter of award for an 80-MW wind-power project in Kurnool, Andhra Pradesh, at a tariff of ₹3.85 per kWh. SECI was to enter into a 25-year power-purchase agreement with the subsidiary or its special-purpose vehicle, with full commissioning scheduled within 24 months of the PPA’s effective date.
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Refex Green Power, a wholly owned subsidiary of Refex Renewables, won a Solar Energy Corporation of India tender and received a letter of award for an 80-MW wind-power project in Kurnool, Andhra Pradesh, at a tariff of ₹3.85 per kWh. SECI was to enter into a 25-year power-purchase agreement with the subsidiary or its special-purpose vehicle, with full commissioning scheduled within 24 months of the PPA’s effective date.
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Aug 4 (Reuters) - Refex Renewables & Infrastructure Ltd REFR.BO:
REFEX RENEWABLES & INFRASTRUCTURE - APPROVES RE-APPOINTMENT OF KALPESH KUMAR AS MANAGING DIRECTOR FOR THREE YEARS FROM OCT 2027
Source text: ID:nBSE6HN3tG
Further company coverage: REFR.BO
(([email protected];))
Aug 4 (Reuters) - Refex Renewables & Infrastructure Ltd REFR.BO:
REFEX RENEWABLES & INFRASTRUCTURE - APPROVES RE-APPOINTMENT OF KALPESH KUMAR AS MANAGING DIRECTOR FOR THREE YEARS FROM OCT 2027
Source text: ID:nBSE6HN3tG
Further company coverage: REFR.BO
(([email protected];))
** Shares of Refex Renewables & Infrastructure REFR.BO rise as much as 15.8% to 722 rupees amid broader market rebound
** Renewable energy equipment maker says its unit has won order worth 785.4 mln rupees ($9.1 mln)
** Adds, order is for establishment of 250 TPD municipal solid waste based Bio-CNG plant in Madurai
** Stock last up 8.7% cutting YTD loss to 19.7%
($1 = 86.0230 Indian rupees)
(Reporting by Ashish Chandra in Bengaluru)
(([email protected] (+91 7982114624))
** Shares of Refex Renewables & Infrastructure REFR.BO rise as much as 15.8% to 722 rupees amid broader market rebound
** Renewable energy equipment maker says its unit has won order worth 785.4 mln rupees ($9.1 mln)
** Adds, order is for establishment of 250 TPD municipal solid waste based Bio-CNG plant in Madurai
** Stock last up 8.7% cutting YTD loss to 19.7%
($1 = 86.0230 Indian rupees)
(Reporting by Ashish Chandra in Bengaluru)
(([email protected] (+91 7982114624))
** Shares of Refex Renewables & Infrastructure REFR.BO rise as much as 8.2% to 664.30 rupees after order win
** Renewable energy equipment maker wins order worth 650.7 mln rupees ($7.6 mln)
** Order for establishment of 200 TPD municipal solid waste-based Bio-CNG plant at Salem - REFR
** Stock down 24.1% YTD
($1 = 85.4960 Indian rupees)
(Reporting by Ashish Chandra in Bengaluru)
(([email protected] (+91 7982114624))
** Shares of Refex Renewables & Infrastructure REFR.BO rise as much as 8.2% to 664.30 rupees after order win
** Renewable energy equipment maker wins order worth 650.7 mln rupees ($7.6 mln)
** Order for establishment of 200 TPD municipal solid waste-based Bio-CNG plant at Salem - REFR
** Stock down 24.1% YTD
($1 = 85.4960 Indian rupees)
(Reporting by Ashish Chandra in Bengaluru)
(([email protected] (+91 7982114624))
Dec 30 (Reuters) - Refex Renewables & Infrastructure Ltd REFR.BO:
COMPLETES ACQUISITION OF CONTROLLING STAKE IN VYZAG BIO-ENERGY
UNIT RSSL ACQUIRES 51.03% EQUITY STAKE IN VYZAG BIO-ENERGY
Source text: ID:nBSE70HY8g
Further company coverage: REFR.BO
(([email protected];;))
Dec 30 (Reuters) - Refex Renewables & Infrastructure Ltd REFR.BO:
COMPLETES ACQUISITION OF CONTROLLING STAKE IN VYZAG BIO-ENERGY
UNIT RSSL ACQUIRES 51.03% EQUITY STAKE IN VYZAG BIO-ENERGY
Source text: ID:nBSE70HY8g
Further company coverage: REFR.BO
(([email protected];;))
Dec 6 (Reuters) - Refex Renewables & Infrastructure Ltd REFR.BO:
REFEX RENEWABLES & INFRASTRUCTURE - APPROVED ISSUE OF NCDS UP TO 105 MILLION RUPEES
Source text: ID:nBSE8JrJpX
Further company coverage: REFR.BO
(([email protected];))
Dec 6 (Reuters) - Refex Renewables & Infrastructure Ltd REFR.BO:
REFEX RENEWABLES & INFRASTRUCTURE - APPROVED ISSUE OF NCDS UP TO 105 MILLION RUPEES
Source text: ID:nBSE8JrJpX
Further company coverage: REFR.BO
(([email protected];))
** Shares of Refex Renewables REFR.BO rise 2% to a record high of 1143.5 rupees
** Renewable energy equipment maker's unit Refex Green Power acquires remaining 51% stake in Sherisha Solar SPV Two
** Stock eyes sixth straight session of gains
** REFR gains 187% YTD
(Reporting by Yagnoseni Das in Bengaluru)
(([email protected];))
** Shares of Refex Renewables REFR.BO rise 2% to a record high of 1143.5 rupees
** Renewable energy equipment maker's unit Refex Green Power acquires remaining 51% stake in Sherisha Solar SPV Two
** Stock eyes sixth straight session of gains
** REFR gains 187% YTD
(Reporting by Yagnoseni Das in Bengaluru)
(([email protected];))
** Shares of Refex Renewables REFR.BO rise exchange-allowed maximum of 5% to 846.1 rupees
** Renewable energy equipment maker received contract worth 4.8 bln rupees ($57 mln) for setting-up 100-MW solar project from NTPC NTPC.NS
** Stock has surged over two-fold so far this year
($1 = 84.0680 Indian rupees)
(Reporting by Ashna Teresa Britto in Bengaluru)
(([email protected] ; ( +91 8078332441))
** Shares of Refex Renewables REFR.BO rise exchange-allowed maximum of 5% to 846.1 rupees
** Renewable energy equipment maker received contract worth 4.8 bln rupees ($57 mln) for setting-up 100-MW solar project from NTPC NTPC.NS
** Stock has surged over two-fold so far this year
($1 = 84.0680 Indian rupees)
(Reporting by Ashna Teresa Britto in Bengaluru)
(([email protected] ; ( +91 8078332441))
Oct 18 (Reuters) - Refex Renewables & Infrastructure Ltd REFR.BO:
REFEX RENEWABLES & INFRASTRUCTURE - GETS CONTRACTS FOR SETTING-UP OF 100-MW SOLAR PROJECT FROM NTPC
REFEX RENEWABLES & INFRASTRUCTURE - PROJECT COST 4.8 BILLION RUPEES
Further company coverage: REFR.BO
(([email protected];))
Oct 18 (Reuters) - Refex Renewables & Infrastructure Ltd REFR.BO:
REFEX RENEWABLES & INFRASTRUCTURE - GETS CONTRACTS FOR SETTING-UP OF 100-MW SOLAR PROJECT FROM NTPC
REFEX RENEWABLES & INFRASTRUCTURE - PROJECT COST 4.8 BILLION RUPEES
Further company coverage: REFR.BO
(([email protected];))
Sept 26 (Reuters) - Refex Renewables & Infrastructure Ltd REFR.BO:
ACQUIRES REFEX GREEN ENERGY
Source text for Eikon: ID:nBSE1pWqk5
Further company coverage: REFR.BO
(([email protected];;))
Sept 26 (Reuters) - Refex Renewables & Infrastructure Ltd REFR.BO:
ACQUIRES REFEX GREEN ENERGY
Source text for Eikon: ID:nBSE1pWqk5
Further company coverage: REFR.BO
(([email protected];;))
May 22 (Reuters) - Refex Renewables & Infrastructure Ltd REFR.BO:
REFEX RENEWABLES & INFRASTRUCTURE - RESIGNATION OF DINESH KUMAR AGARWAL AS CFO
REFEX RENEWABLES & INFRASTRUCTURE LTD - APPOINTMENT OF THIRUNAVUKARASU MANIKANDAN AS CFO
REFEX RENEWABLES & INFRASTRUCTURE - APPROVED RAISING OF FUNDS VIA ISSUE OF FULLY PAID-UP EQUITY SHARES OF CO UP TO 1.6 BILLION RUPEES
Source text for Eikon: ID:nBSE5l9dC0
Further company coverage: REFR.BO
(([email protected];))
May 22 (Reuters) - Refex Renewables & Infrastructure Ltd REFR.BO:
REFEX RENEWABLES & INFRASTRUCTURE - RESIGNATION OF DINESH KUMAR AGARWAL AS CFO
REFEX RENEWABLES & INFRASTRUCTURE LTD - APPOINTMENT OF THIRUNAVUKARASU MANIKANDAN AS CFO
REFEX RENEWABLES & INFRASTRUCTURE - APPROVED RAISING OF FUNDS VIA ISSUE OF FULLY PAID-UP EQUITY SHARES OF CO UP TO 1.6 BILLION RUPEES
Source text for Eikon: ID:nBSE5l9dC0
Further company coverage: REFR.BO
(([email protected];))
July 19 (Reuters) - Refex Renewables & Infrastructure Ltd REFR.BO:
UNIT IMPLEMENTED 50 MW SOLAR POWER GENERATION PROJECT IN CHHATTISGARH FOR INDIAN RAILWAYS
Source text for Eikon: ID:nBSE9NNtrP
Further company coverage: REFR.BO
(([email protected];;))
July 19 (Reuters) - Refex Renewables & Infrastructure Ltd REFR.BO:
UNIT IMPLEMENTED 50 MW SOLAR POWER GENERATION PROJECT IN CHHATTISGARH FOR INDIAN RAILWAYS
Source text for Eikon: ID:nBSE9NNtrP
Further company coverage: REFR.BO
(([email protected];;))
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What does Refex Renewbl&Infra do?
Refex Renewables, an Indian engineering company, builds solar power plants, water pumps & home systems. They've been a major player in renewable energy development since their founding.
Who are the competitors of Refex Renewbl&Infra?
Refex Renewbl&Infra major competitors are Gensol Engineering, Agni Green Power, Urja Global, Viviana Power Tech, KP Energy, BGR Energy Systems, Ujaas Energy. Market Cap of Refex Renewbl&Infra is ₹155 Crs. While the median market cap of its peers are ₹710 Crs.
Is Refex Renewbl&Infra financially stable compared to its competitors?
Refex Renewbl&Infra seems to be less financially stable compared to its competitors. Altman Z score of Refex Renewbl&Infra is -0.06 and is ranked 7 out of its 8 competitors.
Does Refex Renewbl&Infra pay decent dividends?
The company seems to be paying a very low dividend. Investors need to see where the company is allocating its profits. Refex Renewbl&Infra latest dividend payout ratio is 0% and 3yr average dividend payout ratio is 0%
How has Refex Renewbl&Infra allocated its funds?
Companies resources are majorly tied in miscellaneous assets
How strong is Refex Renewbl&Infra balance sheet?
Refex Renewbl&Infra balance sheet is weak and might have solvency issues
Is the profitablity of Refex Renewbl&Infra improving?
No, profit is decreasing. The profit of Refex Renewbl&Infra is -₹38.58 Crs for TTM, -₹36.32 Crs for Mar 2025 and -₹24.71 Crs for Mar 2024.
Is the debt of Refex Renewbl&Infra increasing or decreasing?
Yes, The net debt of Refex Renewbl&Infra is increasing. Latest net debt of Refex Renewbl&Infra is ₹481 Crs as of Mar-26. This is greater than Mar-25 when it was ₹446 Crs.
Is Refex Renewbl&Infra stock expensive?
There is insufficient historical data to gauge this. Latest PE of Refex Renewbl&Infra is 0
Has the share price of Refex Renewbl&Infra grown faster than its competition?
Refex Renewbl&Infra has given lower returns compared to its competitors. Refex Renewbl&Infra has grown at ~-3.37% over the last 4yrs while peers have grown at a median rate of 29.64%
Is the promoter bullish about Refex Renewbl&Infra?
Promoters stake in the company seems stable, and we need to go through filings and allocation of resources to gauge promoter bullishness. Latest quarter promoter holding in Refex Renewbl&Infra is 74.87% and last quarter promoter holding is 74.87%.
Are mutual funds buying/selling Refex Renewbl&Infra?
There is Insufficient data to gauge this.