Refex Industries Limited — Board/Management Information 2021

Sep 2, 2021

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Date: September 02, 2021

Bombay Stock Exchange Ltd The National Stock Exchange of India Limited 25[th ] Floor, P.J. Towers Exchange Plaza, Bandra- Kurla Complex Dalal Street Bandra East Mumbai - 400 001. Mumbai - 400 051 Scrip Code: 532884 Symbol: REFEX

Sub: Outcome of the Board Meeting

Dear Sir/Madam,

Pursuant to the requirements of the Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 we wish to inform you that the Board of Directors of the Company i.e. Refex Industries Limited, in their meeting held today i.e. September 02, 2021, (Commenced at 03.00 p.m. and concluded at 03.55 P .M .) has inter - alia, considered and approved the following:

• (i) Amendment of Memorandum of Association of the Company to include the Energy Trading Business in the main objects of the Company and to sync with Companies Act, 2013 subject to approval of Shareholders in the ensuing Annual General Meeting ('AGM').

• (ii) Adoption of new set of Article of Association to sync the provisions of Companies Act, 2013, subject to approval of Shareholders in the ensuing AGM.

• (iii) Introduction of Employee Stock Option Scheme titled as "Refex Employee Stock Option Scheme 2021" ("ESOP 2021" / Scheme), to create, grant, offer and issue stock options in one or more tranches not exceeding 20,00,000 (Twenty Lakh only) stock options, each convertible into one (1) equity share of the Company having face value of Rs. 10/- (Rupee Ten only) per equity share which would rank pari passu with the existing equity shares subject to the approval of the shareholders of the Company;

• (iv) Extend the benefit of Company's Employee Stock Option Scheme to the employees of Group Companies, Holding Company, Subsidiary Company and/or Associate Company(ies) under ESOP

2021, from time to time, subject to approval of the shareholders of the Company; To convene the Nineteenth AGM of the Company on Thursday, September 30, 2021 at 11.00 A.M. through Video Conferencing ("VC") I other Audio -Visual means ("OAVM"); To close the Register of Members and Share Transfer Book of the Company from Saturday, September 18, 2021 to Thursday, September 30, 2021 (both_fl�ys inclusive), for the purpose of the AGM and Final dividend; US·� / l' . r(f)i - ·�'I� ,'-'- �n /[·][,][. ][, I ] � 1 . �)., \ (Y ' --<(') 1-'/ ·,��" f ><; \°I'\

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Refex Industries Ltd., Regd Office: No. 10, Bascon Futura SV IT Park, 11th Floor. Venkatnarayana Rd, T. Nagar, Chennai - 600017. Ph : +91 44 4340 5950 E : info@refex.co.in I www.refex.co.in

Factory: No. 1/171, Old Mahabalipuram Road, • • • • • • • Thiruporur - 603110, Chengalpattu District, • • • • • • • Tamil Nadu. Ph : +91 44 2744 5295 • • • • • • • CIN : L45200TN2002PLC049601 • • • • • • •