Company Profile

Notice No. 20240320-53 Notice Date 20 Mar 2024Category Corporate Actions Segment EquitySubject New ISIN Number of REFEX INDUSTRIES LIMITED (Scrip Code: 532884) ContentIn Continuation of Notice No.20240311-5 dated March 11,2024, Trading Members of the Exchange are hereby informed that the New ISIN number for the Sub-Divided Equity Shares of the Company will be as under: -Company Name & Scrip CodeNew ISIN No.RemarksREFEX INDUSTRIES LIMITED(532884)INE056I01025Sub-division of equity shares from Rs.10/- to Re.2/- The new ISIN number given above, for Equity Shares of Re.2/- each of the company shall be effective for trades done on and from the Ex-Date i.e. 22-03-2024 (DR- 744/2023-2024)

Issue Of Warrants Inter-alia, considered and approved the following businesses: (i) Fund Raising through Preferential issue to Promoter / Promoter Group - Preferential Issue of 50,00,000 (Fifty lakhs) equity shares and 1,25,75,000 (One Crore Twenty-Five lakhs and Seventy-Five Thousand) warrants at face value of Rs. 2/- each (i.e., post -split/sub-division) to the Promoter/ Promoter Group entity(s), subject to approval from the shareholders in the upcoming General Meeting and sanctions/approvals from the other regulatory/ governmental authorities, as may be required; (ii) Noting of Valuation Report dated March 2, 2024, obtained in connection with the proposed Preferential Issue of Shares to Promoter/Promoter Group, issued by Mr. Rajeev Kumar Nayak, Registered Valuer (Securities or Financial Assets) IBBI Regn. No.: IBBI/RV/02/2022/14553 for valuation of equity shares, which contains different Valuation Approach/Methods As per the Valuation Report, the Fair Value of one equity share, having face value of ?10/- each of the Issuer is ?620.03/- (Rupees Six Hundred and Twenty and Three paise Only) and the Fair Value of one equity share having face value of ?2/- (i.e., post - split/sub-division which is proportionally adjusted) of the Issuer is ?124/- (Rupees One Hundred and Twenty-Four Only). Therefore, the Issue Price has been fixed at ?125/- (Rupees One Hundred and TwentyFive only), which is not less than the floor price arrived at, in accordance with Regulation 164 and 166A of Chapter V of the SEBI ICDR Regulations; (iii) Appointing CARE Ratings Limited, a SEBI registered Credit Rating Agency as the monitoring agency to monitor the use of the proceeds of the Preferential Issue; (iv) Amending the Object clause of Memorandum of Association (?MoA?) of the Company by inserting new sub-clauses, subject to the approval of Shareholders in the upcoming General Meeting. (v) Convening 2 nd Extra-Ordinary General Meeting ("EGM") on Wednesday, March 27, 2024 through Video Conferencing/ Other Audio-Visual Means ("VC" / "OAVM") Facility; (vi) Appointed Ms. Mehak Gupta, Proprietor of M/s Mehak Gupta & Associates, Practicing Company Secretary firm, FCS-10703, C.P. No. 15013, as the Scrutinizer, to scrutinize remote e-Voting process and e-Voting during the EGM, in a fair and transparent manner.

Issue Of Warrants Inter-alia, considered and approved the following businesses: (i) Fund Raising through Preferential issue to Promoter / Promoter Group - Preferential Issue of 50,00,000 (Fifty lakhs) equity shares and 1,25,75,000 (One Crore Twenty-Five lakhs and Seventy-Five Thousand) warrants at face value of Rs. 2/- each (i.e., post -split/sub-division) to the Promoter/ Promoter Group entity(s), subject to approval from the shareholders in the upcoming General Meeting and sanctions/approvals from the other regulatory/ governmental authorities, as may be required; (ii) Noting of Valuation Report dated March 2, 2024, obtained in connection with the proposed Preferential Issue of Shares to Promoter/Promoter Group, issued by Mr. Rajeev Kumar Nayak, Registered Valuer (Securities or Financial Assets) IBBI Regn. No.: IBBI/RV/02/2022/14553 for valuation of equity shares, which contains different Valuation Approach/Methods As per the Valuation Report, the Fair Value of one equity share, having face value of ?10/- each of the Issuer is ?620.03/- (Rupees Six Hundred and Twenty and Three paise Only) and the Fair Value of one equity share having face value of ?2/- (i.e., post - split/sub-division which is proportionally adjusted) of the Issuer is ?124/- (Rupees One Hundred and Twenty-Four Only). Therefore, the Issue Price has been fixed at ?125/- (Rupees One Hundred and TwentyFive only), which is not less than the floor price arrived at, in accordance with Regulation 164 and 166A of Chapter V of the SEBI ICDR Regulations; (iii) Appointing CARE Ratings Limited, a SEBI registered Credit Rating Agency as the monitoring agency to monitor the use of the proceeds of the Preferential Issue; (iv) Amending the Object clause of Memorandum of Association (?MoA?) of the Company by inserting new sub-clauses, subject to the approval of Shareholders in the upcoming General Meeting. (v) Convening 2 nd Extra-Ordinary General Meeting ("EGM") on Wednesday, March 27, 2024 through Video Conferencing/ Other Audio-Visual Means ("VC" / "OAVM") Facility; (vi) Appointed Ms. Mehak Gupta, Proprietor of M/s Mehak Gupta & Associates, Practicing Company Secretary firm, FCS-10703, C.P. No. 15013, as the Scrutinizer, to scrutinize remote e-Voting process and e-Voting during the EGM, in a fair and transparent manner.