Refex Industries Limited — Share Issue/Capital Change 2024

Jan 24, 2024

January 24, 2024

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The BSE Ltd. The National Stock Exchange of India Ltd. 1[st] Floor, New Trading Wing, Rotunda Exchange Plaza, 5[th] Floor, C – 1, Block G Bandra Building Phiroze Jeejeebhoy Towers, – Kurla Complex, Bandra (E) Mumbai – 400051 Dalal Street, Fort Mumbai – 400001 Symbol: REFEX Scrip Code: 532884

Dear Sir(s)/ Madam,

Subject: Disclosure under Regulation 30 of the SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015 (“SEBI Listing Regulations”) – Outcome of the Board Meeting

Ref.: Sub-division/ split of existing equity shares of face value of Rs. 10/- each, fully paid-up, by alteration of Capital Clause of the Memorandum of Association of the Company

ln terms of Regulation 30 read with Schedule lll to the SEBI Listing Regulations, we wish to inform you that the Board of Directors, at its meeting held today (i.e.) January 24, 2024, has accorded its approval to sub-divide/split 1 (one) Equity shares of the Company of Rs.10/- each, fully paid-up into 5 (five) equity shares of face value of Rs.2/- each, fully paid-up by alteration of Capital Clause of the Memorandum of Association of the Company, subject to the approval of the members of the Company to be sought by means of Postal Ballot, including such approvals from regulatory / statutory authorities as may be required.

The Record Date for sub-division/ split of existing equity shares will be intimated in due course.

The detailed disclosure for sub-division/ split of existing equity shares of the Company, in terms of Regulation 30 of Listing Regulations read with SEBI Circular No. CIR/CFD/CMD/4/2015 dated September 9, 2015 and SEBI Circular No. SEBI/HO/CFD/CFD-PoD-1/P/CIR/2023/123 dated July 13, 2023, is enclosed as Annexure-A & B .

The meeting commenced at 11.15 a.m. and concluded at 01:15 p.m.

You are requested to take above information on record.

Thanking you. Yours faithfully,

For Refex Industries Limited

GOWRI Digitally signed by GOWRI VALLABHAN VALLABHAN DIVYA Date: 2024.01.24 DIVYA 13:22:25 +05'30' G. Divya

Company Secretary

ACS-37320

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Annexure-A

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Information as required under Regulation 30 - Para A of Part A of Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015

S. No.	Particulars	Details
1.	Split ratio	1:5, i.e., For every 1 (one) equity share having face value of Rs. 10/- (Rupees ten only) each; 5 (five) equity shares having face value of Rs.2/-(Rupees two only)each,fully paid-up
2.	Rationale behind the split	With a view to improve the liquidity of the Company’s Shares in the Stock Market and to make it more affordable for the individual retail investors and also to widen shareholder base.
3.	Pre and post share capital – authorized, paid-up and subscribed	As provided below inTable-1
4.	Expected time of completion	Within 3 months from the date of shareholder’s approval
5.	Class of shares which are subdivided	Equity Shares
6.	Number of shares of each class pre and post split	The Company has issued only one class of Equity Shares (As perTable-1)
7.	Number of shareholders who did not get any shares in consolidation and their pre- consolidation shareholding	Not Applicable

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Table-1

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Particulars	Share capital Structure Pre Sub-division	Share capital Structure Pre Sub-division	Share capital Structure Pre Sub-division	Share capital Structure Post Sub-division	Share capital Structure Post Sub-division	Share capital Structure Post Sub-division
	No. of Shares	Face Value (Rs.)	Total (Rs.)	No. of Shares	Face Value (Rs.)	Total (Rs.)
Authorised Share Capital Equity: Preference:	3,50,00,000 5,00,000	10 100	35,00,00,000 5,00,00,000	17,50,00,000 5,00,000	2 100	35,00,00,000 5,00,00,000
Issued, Subscribed and Paid-up Share Capital Equity: Preference:	2,21,33,538 -	10 -	22,13,35,380 -	11,06,67,690 -	2 -	22,13,35,380 -

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Annexure – B

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Information as required under Regulation 30 - Para A of Part A of Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015

Alteration of Capital Clause of the Memorandum of Association of the Company:

To amend the existing Capital clause (Clause V) of Memorandum of Association, subject to shareholders approval, to effect the Sub-division / Split of Equity Shares as follows:

“V. The Authorized Share Capital of the Company is Rs. 40,00,00,000/- (Rupees Forty Crores Only) divided into 17,50,00,000 (Seventeen Crores Fifty Lakhs only) Equity Shares of Rs. 2/- (Rupees Two Only) each and 5,00,000 (Five Lakhs Only) Cumulative Redeemable Preference Shares of Rs.100/(Rupees Hundred Only) each .”

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