Refex Industries Ltd. Board Approves ₹3,300 Crore Investment and ₹2,010 Crore Related Party Transaction
Refex Industries Limited announced on March 27, 2026, that its Board of Directors approved several key initiatives at a meeting held on March 26, 2026.The Board authorized investments, loans, guarantees, and security totaling up to ₹3,300 Crore, exceeding limits stipulated under the Companies Act, 2013. Previously, the limit was set at ₹2,500 Crore.
Additionally, the Board approved a Material Related Party Transaction of up to ₹2,010 Crore with Venwind Refex Power Limited, a subsidiary company.
Shareholders will vote on these matters via postal ballot. The postal ballot process will include remote e-voting from April 1, 2026 (9:00 AM IST) to April 30, 2026 (5:00 PM IST), with a cutoff date of March 27, 2026. Shareholders will receive the Notice of Postal Ballot electronically.
Ms. Mehak Gupta, Practicing Company Secretary, has been appointed as the Scrutinizer to oversee 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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