Promoter creates fresh pledges, releases pledge over 3,83,26,772 shares
Refex Holding Private Limited, the promoter, has disclosed fresh pledges over shares it holds and a release of an earlier pledge.
By ScoutQuest · · 2 min read
- Promoter holding
- 7,76,23,085 shares (56.56% of total share capital)
- Shares released from pledge on 12.10.2026
- 3,83,26,772 shares (27.93%)
- Shares still encumbered
- 3,67,64,272 (26.80% of total share capital), 47.36% of promoter's holding
What has been disclosed
Refex Holding Private Limited, the promoter of the company, has disclosed to the exchanges the creation of fresh pledges over shares it holds and the release of an existing pledge. The update also sets out the promoter's holding and the shares still encumbered.
Where the promoter stands
- Promoter holding: 7,76,23,085 shares, or 56.56% of the total share capital.
- Shares encumbered after these events: 3,67,64,272 shares, or 26.80% of the total share capital.
- The update states that encumbered shares equal 47.36% of the promoter's holding.
What was created
On 09.10.2026, fresh pledges were created over shares held by the promoter. The largest of these was 10,00,000 shares, encumbered in favour of S Jogani Exports Private Limited. Pledges were also created in favour of Infosoft Global Private Limited and Krchoksey Financial Services Private Limited. The stated reason is personal use by promoters and PACs.
What was released
On 12.10.2026, 3,83,26,772 shares, equal to 27.93% of the total share capital, were released from pledge. The stated reason is release of security upon closure of a facility.
What a pledge means for a retail investor
- A pledge is a form of encumbrance: the promoter's shares are given as security against a borrowing. Ownership does not change, but the shares are restricted while pledged.
- Creation of a pledge is not a sale by the promoter, so the number of shares held stays the same.
- A release means the shares are freed from the encumbrance, usually after the linked facility is repaid or closed.
- What a reader can track is the overall scale of encumbrance, here 26.80% of the total share capital and 47.36% of the promoter's holding, along with the stated reason that the current pledges are for personal use by the promoters and PACs.
Also from Refex Industries
Refex Industries to host Q2 FY27 earnings call on 29 October 2026 at 11:30 AM IST
23 Oct 2026
Board meeting on October 28, 2026 to consider and approve Q2 FY27 results
23 Oct 2026
Slab-wise ash transportation rate contract received; cumulative maximum award value Rs. 31,13,05,500
22 Oct 2026
More numbers
- Promoter holding in the company7,76,23,085
- Promoter holding as % of total share capital56.56
- Shares released from pledge on 12.10.20263,83,26,772
- Released shares as % of total share capital27.93
- Encumbered shares after the events3,67,64,272
- Encumbered shares as % of total share capital after the events26.80
- Encumbered shares as % of promoter shareholding47.36%
- Largest fresh pledge created on 09.10.202610,00,000
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