Refex Industries Limited — Capital/Financing Update 2022

Oct 7, 2022

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October 07, 2022

	The BSE Ltd.1stFloor, New Trading Wing, Rotunda BuildingPhiroze Jeejeebhoy Towers, Dalal Street, FortMumbai – 400001corp.relations@bseindia.comSecurity Code No.: 532884		The National Stock Exchange of India Ltd.Exchange Plaza, 5thFloor, C – 1, Block GBandra – Kurla Complex, Bandra (E)Mumbai – 400051cmlist@nse.co.inSecurity Code No.: REFEX

RE: Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 read with SEBI Circular No. CIR/CFD/CMD/4/2015 dated 9[th] September, 2015 (“SEBI Listing Regulations”).

Subject: Allotment of 11,05,000 Equity Shares to a Promoter on Preferential Basis and revised Paid-up Equity Share Capital of the Company.

Dear Sir(s)/ Madam,

This is further to our earlier announcement dated August 05, 2022, September 19, 2022, September 21, 2022 and September 23, 2022.

We wish to inform you that the Banking & Authorization Committee of the Board of Directors, in its meeting held today, i.e., on October 07, 2022, has allotted 11,05,000 equity shares of face value of ₹10/- each, for cash consideration of ₹130/- per equity share , including a premium of ₹120/- per equity share (“ Equity Shares ”), aggregating to ₹14,36,50,000/- (Rupees Fourteen Crore Thirty-Six Lakh Fifty Thousand only) to SunEdison Energy India Private Limited (“ SEIPL ”) [CIN: U74999TN2010PTC074345] having its registered office at No. 1/171 Old Mahabalipuram Road, Thiruporur, Chennai – 603110 Tamil Nadu ( erstwhile Sherisha Technologies Private Limited having amalgamated with SEIPL w.e.f. September 08, 2022 ), one of the Promoters of the Company, on preferential basis.

These Equity Shares shall be subject to the provisions of the Memorandum and Articles of Association of the Company and rank pari-passu with the existing equity shares of the Company in all respects including the payment of dividend and voting rights from the date of allotment thereof and shall be subject to lock-in for a period of 18 (eighteen) months, from the date of trading approval granted for such Equity Shares by the stock exchanges, namely, NSE & BSE.

Revised Share Capital:

After allotment of the aforesaid equity shares, the issued, subscribed and paid-up equity share capital of the Company stands increased from ₹21,00,20,240/- to ₹22,10,70,240/-.

Shareholding of the Allottee:

S.No.	Name of theAllottee	Category of theallottee as perRegulation 31(1)of SEBI (LODR)Regulations, 2015	Pre-Preferential Holding	Pre-Preferential Holding	No. ofEquitysharesallotted	Post-Preferential Holding	Post-Preferential Holding
			No. ofShares	% of		No. of Shares	% ofHolding
				Holding
1.	SunEdisonEnergyIndiaPrivateLimited	Promoter	93,86,881	44.70	11,05,000	1,04,91,881	47.46

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Shareholding pattern of the Company pre and post proposed preferential issue:

Category	Prepreferential issue	Prepreferential issue	Postpreferential issue	Postpreferential issue
	No. of Shares	%	No. of Shares	%
Promoters and Promoter Group (A)	1,05,45,587	50.21	1,16,50,587	52.70
Public(B)	1,04,56,437	49.79	1,04,56,437	47.30
Total(A) +(B)	2,10,02,024	100.00	2,21,07,024	100.00
Custodian(C)	-	-	-	-
Grand Total(A) +(B) +(C)	2,10,02,024	100.00	2,21,07,024	100.00

The details as required under Regulation 30 read with para-A of Part A of Schedule III to the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 and SEBI Circular No. CIR/CFD/CMD/4/2015 dated 9[th] September, 2015, are as under:

Issuance of securities:
a) type of securities proposed to be issued (viz. equityshares, convertibles etc.);	Equity Shares
b) type of issuance (further public offering, rights issue,depository receipts (ADR/GDR), qualified institutionsplacement,preferential allotment etc.);	Preferential Allotment
c) total number of securities proposed to be issued or thetotal amount for which the securities will be issued(approximately):	11,05,000 equity shares of face value of ₹10/- each,at a premium of ₹120/- apiece, for an aggregateamount of ₹14,36,50,000/- only.
d) in case of preferential issue, the listed entity shalldisclose the following additional details to the stockexchange(s):i. names of the investors;ii. post allotment of securities - outcome of thesubscription, issue price / allotted price (in case ofconvertibles), number of investors;iii. in case of convertibles - intimation on conversion ofsecurities or on lapse of the tenure of theinstrument;	SunEdison Energy India Private Limited[CIN: U74999TN2010PTC074345]11,05,000 equity shares of face value of ₹10/- each,at an issue price of ₹130/- per equity share(including a premium of ₹120/- per equity share),for an aggregate amount of ₹14,36,50,000/- only.Not applicable.

You are requested to take the above information on records and upload the same on your respective websites.

Thanking you.

Yours faithfully, For Refex Industries Limited

ANIL Digitally signed by ANIL JAIN JAIN Date: 2022.10.07 15:11:24 +05'30' Anil Jain Chairman & Managing Director DIN: 00181960

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