Description

75.75 lakh equity shares of Refex Industries Limited issued on preferential basis to promoters pursuant to conversion of warrants, listed with effect from November 17, 2025.

Summary

BSE has announced the listing of 75,75,000 new equity shares of Refex Industries Limited (Scrip Code: 532884) with effect from Monday, November 17, 2025. These shares were issued at a premium of Rs. 123/- per share to promoters on a preferential basis pursuant to conversion of warrants. The shares carry a lock-in period until June 15, 2027.

Key Points

  • 75,75,000 equity shares of face value Rs. 2/- each listed
  • Issued at premium of Rs. 123/- (total issue price: Rs. 125/-)
  • Allotted to promoters on preferential basis pursuant to warrant conversion
  • Date of allotment: October 3, 2025
  • Trading commences from November 17, 2025
  • New shares rank pari-passu with existing equity shares
  • Distinctive numbers: 129280608 to 136855607
  • ISIN: INE056I01025
  • All shares subject to lock-in until June 15, 2027

Regulatory Changes

No regulatory changes introduced. This is a standard listing notification following preferential allotment procedures.

Compliance Requirements

  • Trading members should note the listing of new securities for trading purposes
  • Lock-in restrictions must be observed until June 15, 2027 for all 75,75,000 shares
  • Shares rank pari-passu with existing equity shares of the company

Important Dates

  • Allotment Date: October 3, 2025
  • Trading Commencement: November 17, 2025 (Monday)
  • Lock-in Period Expires: June 15, 2027

Impact Assessment

Market Impact: Minimal immediate market impact as all shares are locked-in for approximately 19 months. The preferential allotment to promoters increases promoter holding but does not affect free float availability until lock-in expires.

Shareholder Impact: Existing shareholders may experience dilution as 75.75 lakh new shares have been added to the capital base. However, since allotment is to promoters, it demonstrates promoter confidence and commitment.

Liquidity Impact: No immediate impact on trading liquidity as shares are locked-in until June 2027.

Impact Justification

Routine listing notification for preferential allotment to promoters with standard lock-in period. Limited market-wide impact as shares are locked-in until June 2027.