Refex Industries Ltd. Board Approves ₹3,300 Crore Investment and ₹2,010 Crore Related Party Transaction
Refex Industries Limited, a Refex Group Company, announced key decisions following a Board of Directors meeting held on March 26, 2026.The Board approved investments, loans, guarantees, and security totaling up to ₹3,300 Crore, an increase from the previous limit of ₹2,500 Crore. Additionally, the Board approved a Material Related Party Transaction with Venwind Refex Power Limited, a subsidiary, for an amount not exceeding ₹2,010 Crore.
Shareholders will vote on these matters via postal ballot. The postal ballot process will commence on April 1, 2026, and conclude on April 30, 2026. Shareholders will receive the Notice of Postal Ballot electronically.
Ms. Mehak Gupta of M/s Mehak Gupta & Associates has been appointed as the Scrutinizer for the remote e-voting process.
The Risk Management Committee (RMC) has been reconstituted following the departure of Mr. Sachin Navtosh Jha. The new RMC composition is as follows:
| S. No. | Name of Director/Member | Designation | Role |
|---|---|---|---|
| 1 | Mr. Dinesh Kumar Agarwal | Whole-time Director& CFO | Chairperson |
| 2 | Ms. Susmitha Siripurapu | Non-Executive Director | Member |
| 3 | Mr. Sivaramakrishnan Vasudevan | Independent Director | Member |
| 4 | Ms. Harini Sriraman | Vice President (Legal) | Member |
| 5 | Ms. Jahanvi Khedwal | Chief of Staff (VRPL-Wind Business) | Member |
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