Refex Industries Limited — Share Issue/Capital Change 2025

Jun 5, 2025

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Date- June 05, 2025

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

RE: Disclosure under Regulation 30 of the SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015 (“SEBI Listing Regulations”)

Subject: Allotment of 98,334 equity shares of ₹2/- each, in lieu of exercise of 98,334 employees’ stock options (“ESOPs”) granted to the eligible employees of the Company in terms of Refex Employee Stock Option Scheme 2021

Dear Sir/ Ma’am,

ln terms of Regulation 30 read with Schedule lll to the SEBI Listing Regulations, we wish to inform you that the Nomination and Remuneration Committee vide resolution passed by circulation today i.e. Thursday, June 05, 2025, considered and approved the allotment of 98,334 equity shares of face value of ₹2/- each towards the exercise of vested Employee Stock Options under Refex Employee Stock Option Scheme 2021 (“ ESOP 2021 ”), to the eligible grantees.

Consequent to the aforesaid allotment, issued, subscribed and paid-up equity share capital of the Company stands increased from ₹ 25,83,64,546/- (divided into 12,91,82,273 equity shares of face value of ₹2/- each) to ₹ 25,85,61,214/- (divided into 12,92,80,607 equity shares of face value of ₹2/- each) .

The details of the equity shares allotted pursuant to Regulation 30 of the SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015 read with SEBI Master Circular no. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024 and Regulation 10(c) of the SEBI (Share Based Employee Benefits and Sweat Equity) Regulations, 2021 under Refex Employee Stock Option Scheme 2021, are given in Annexure-A and Annexure-B, respectively.

This intimation will be made available on the Company's website at www.refex.co.in.

You are requested to take above information on record.

Thanking you.

Yours faithfully,

For & on behalf of Refex Industries Limited

ANKIT PODDAR Digitally signed by ANKIT PODDAR Date: 2025.06.05 17:31:18 +05'30'

Ankit Poddar

Company Secretary & Compliance Officer ACS-25443

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Annexure- A

The details as required under Regulation 30 of the SEBI Listing Regulations read with SEBI Master Circular no. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024, are as under:

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S. No. Particulars Details
1. Brief details of options granted The present instance is for allotment of equity shares
upon exercise of 98,334 ESOPs under Refex Employee
Stock Option Scheme 2021.
2. Whether the scheme is in terms of the Securities and Yes
Exchange Board of India (Share Based Employee
Bene�its and Sweat Equity) Regulations, 2021 ('SBEB
& SE Regulations'), if applicable
3. Total number of shares covered by these options 1,00,00,000 equity shares (@face value of ₹2/- each) are
covered under Refex Employee Stock Option Scheme
2021.
The present disclosure is in respect of allotment of 98,334
equity shares made on June 05, 2025
4. Pricing formula Not applicable at this stage.
5. Options vested 98,334 (Ninety-Eight Thousand Three Hundred and
Thirty-Four Only)
6. Time within which option may be exercised Vested Options can be exercised within a period of 10
years from the date of relevant vesting.
Provided that in the event of death or permanent incapacity
of a Grantee, the minimum vesting period of one year shall
not be applicable and in such instances, the ESOPs shall vest
immediately, on the date of the death or permanent
incapacity.
7. Options exercised 98,334 (Ninety-Eight Thousand Three Hundred and
Thirty-Four Only)
8. Money realized by exercise of options ₹ 33,55,557/- (Rupees Thirty-Three Lakh Fifty-Five
Thousand Five Hundred and Fifty-Seven Only)
9. The total number of shares arising as a result of 98,334 (Ninety-Eight Thousand Three Hundred and
exercise of option Thirty-Four Only)
10. Options lapsed Not applicable.
11. Variation of terms of options Not applicable.
12. Brief details of signi�icant terms As per Refex Employee Stock Option Scheme 2021.
13. Subsequent changes or cancellation or exercise of Not applicable.
such options
14. Diluted earnings per share pursuant to issue of Not applicable.
equity shares on exercise of options
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Annexure – B

Information as required under Regulation 10(c) read with Part - E of the SEBI (Share Based Employee Benefits and Sweat Equity) Regulations, 2021 are as under:

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Sr. No. Particulars Details
1. Company name and address of Registered Refex Industries Limited
Of�ice 2 [nd] Floor, No.313, Refex Towers, Sterling Road, Valluvar Kottam High
Road, Nungambakkam, Chennai-600 034, Tamil Nadu, India.
2. Name of the recognized Stock Exchanges on BSE Limited (BSE)
which the company's shares are listed National Stock Exchange of India Limited (NSE)
3. Filing date of the statement referred in BSE: September 06, 2022
regulation 10(b) of the Securities and NSE: September 06, 2022
Exchange Board of India (Share Based
Employee Bene�its and Sweat Equity)
Regulations, 2021 with the recognized Stock
Exchange
4. Filing Number, if any BSE: DCS/IPO/TL/ESOP-IP/2480/2022-23
NSE: NSE/LIST/32112
5. Title of the Scheme pursuant to which shares Refex Employee Stock Option Scheme 2021
are issued, if any
6. Kind of security to be listed Equity shares
7. Par value of the shares ₹2/- per Equity Share
8. Date of issue of shares June 05, 2025
9. Number of shares issued 98,334 Equity Shares
10. Share Certi�icate No., if applicable Not Applicable (allotted in dematerialized form)
11. Distinctive number of the share, if applicable 129182274 to 129280607 (both inclusive)
12. ISIN Number of the shares if issued in Demat INE056I01025
13. Exercise price per share For Time-based Options (TBOs):
₹ 20.40/- per equity share for 68,368 equity shares; (Tranche I & II)
₹ 95.00/- per equity share for 16,211 equity shares (Tranche III)
For Performance-based Options (PBOs):
₹ 14.60/- per equity share for 9,620 equity shares; (Tranche I & II)
₹ 67.80/- per equity share for 4135 equity shares (Tranche III)
14. Premium per share For Time-based Options (TBOs):
₹ 18.40/- per equity share for 68,368 equity shares; (Tranche I & II)
₹ 93.00/- per equity share for 16,211 equity shares; (Tranche III)
For Performance-based Options (PBOs):
₹ 12.60/- per equity share for 9,620 equity shares; (Tranche I & II)
₹ 65.80/- per equity share for 4135equity shares. (Tranche III)
15. Total issued shares after this issue 12,92,80,607 Equity Shares
16. Total issued share capital after this issue ₹ 25,85,61,214/-
17. Details of any lock-in on the shares Not Applicable
18. Date of expiry of lock-in Not Applicable
19. Whether shares are identical in all respects All equity shares allotted pursuant to exercise of stock options shall
to existing shares? rank pari-passu with the existing equity shares of the Company
If not, when will they become identical?
20. Details of listing fees, if payable Not Applicable
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