Promoter creates fresh share pledges, releases existing pledge on 15,62,500 shares
Promoter Refex Holding Private Limited created fresh pledges over some of its shares and released an earlier pledge.
By ScoutQuest · · 2 min read
- Shares under encumbrance after events
- 3,67,64,272 shares = 26.80% of total share capital
- Encumbrance as % of promoter holding
- 47.36% of promoter holding
- Pledge released on 12.10.2026
- 15,62,500 shares encumbered in favour of Shringee Packaging and Ancilliary Private Limited
What the promoter disclosed
Refex Holding Private Limited (RHPL), the promoter of Refex Industries Limited, has reported to the exchanges the creation of pledges over shares it holds, and the release of an earlier pledge.
- Pledge created on 09.10.2026 over 5,00,000 shares in favour of Infosoft Global Private Limited.
- Pledge created over 10,00,000 shares in favour of S Jogani Exports Private Limited.
- A third, smaller pledge was also created, in favour of Krchoksey Financial Services Private Limited.
- Pledge released on 12.10.2026 over 15,62,500 shares held in favour of Shringee Packaging and Ancilliary Private Limited.
The reason stated for the fresh pledges is personal use by promoters and PACs. The reason stated for the release is release of security upon closure of facility.
Where the promoter holding stands
- RHPL holds 7,76,23,085 shares, which is 56.56% of the total share capital.
- In the promoter and promoter group list, RHPL is the only entity shown holding shares; the other names are shown at nil.
- After these events, shares under encumbrance are 3,67,64,272, which is 26.80% of total share capital and 47.36% of the promoter's shareholding.
- The encumbrance figure as a percentage of total share capital is shown as 26.80% before the events as well, so the fresh pledges and the release together leave the disclosed level where it was.
What the annexures also set out
- A list of existing encumbrances, each with its date, the number of shares, the entity in whose favour the shares are encumbered, the money involved and the end use.
- Several of these relate to debentures issued by Refex Life Sciences Private Limited, described as secured, unrated and unlisted optionally convertible and non-convertible debentures.
- A few are described as additional margin pledges, made because of price fluctuation in the shares.
- The end use stated for some is personal use by promoters and PACs; for others it is collateral for loans taken by the company (RHPL).
How a retail investor can read this
- A pledge does not change who owns the shares, but it does restrict them: they stand as security with the lender until the borrowing is repaid or the facility is closed.
- Here, fresh pledges were created and a pledge was released on closure of a facility. The promoter's total holding is unchanged at 7,76,23,085 shares.
- The levels to note are how much of the promoter's holding sits under encumbrance, 47.36%, and how much of total share capital that is, 26.80%.
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 (RHPL) holding in the company7,76,23,085
- Promoter holding as % of total share capital56.56%
- Shares under encumbrance after the events3,67,64,272
- Encumbered shares as % of total share capital26.80%
- Encumbered shares as % of promoter shareholding47.36%
- Pledge created in favour of Infosoft Global Private Limited5,00,000
- Pledge created in favour of S Jogani Exports Private Limited10,00,000
- Pledge released in favour of Shringee Packaging and Ancilliary Private Limited15,62,500
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