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Anil Jain, chairman and managing director of Refex Industries, called the move a 'milestone in Refex’s growth journey,' adding that the dedicated listing of RML would sharpen focus, unlock value for shareholders, and reaffirm the company’s commitment to clean, technology-driven corporate transport.
The proposed scheme is subject to approvals from shareholders, creditors, stock exchanges, SEBI, NCLT, and other regulators. Upon completion, shareholders of Refex Industries will receive equity shares in Refex Mobility in the same proportion as their holdings in Refex Industries, creating a mirror shareholding structure.
Chennai-based Refex Industries has built a portfolio spanning ash and coal handling, wind energy, and green mobility solutions.
On a consolidated basis, net profit of Refex Industries declined 29.50% to Rs 21.17 crore while net sales declined 35.15% to Rs 383.25 crore in Q1 June 2025 over Q1 June 2024.
Refex Industries Ltd, IIFL Capital Services Ltd, Gujarat Mineral Development Corporation Ltd and K E C International Ltd are among the other gainers in the BSE's 'A' group today, 23 September 2025.
Pidilite Industries Ltd soared 98,681.46% to Rs 1491.6 at 11:47 IST. The stock was the biggest gainer in the BSE's 'A' group. On the BSE, 14847 shares were traded on the counter so far as against the average daily volumes of 10252 shares in the past one month.
Refex Industries Ltd surged 16.91% to Rs 395.2. The stock was the second biggest gainer in 'A' group. On the BSE, 13.06 lakh shares were traded on the counter so far as against the average daily volumes of 37424 shares in the past one month.
IIFL Capital Services Ltd spiked 6.49% to Rs 295.3. The stock was the third biggest gainer in 'A' group. On the BSE, 54732 shares were traded on the counter so far as against the average daily volumes of 27753 shares in the past one month.
Gujarat Mineral Development Corporation Ltd jumped 6.23% to Rs 600.85. The stock was the fourth biggest gainer in 'A' group. On the BSE, 10.18 lakh shares were traded on the counter so far as against the average daily volumes of 7.74 lakh shares in the past one month.
K E C International Ltd spurt 4.74% to Rs 907. The stock was the fifth biggest gainer in 'A' group. On the BSE, 11.55 lakh shares were traded on the counter so far as against the average daily volumes of 36580 shares in the past one month.