Refex Industries Ltd

Refex Industries Invests ₹30M in Wind Power Subsidiary ⚡📉

- Refex acquired 1,712 equity shares in VRPL at ₹17,523 per share (₹10 face value + ₹17,513 premium)

- Total investment: approx. ₹30 million

- Refex's shareholding in VRPL decreased from 77.77% to 76.81% after rights issue, then to 73.28% after separate OCD conversion

- VRPL's paid-up capital increased from ₹1.64 lakh to ₹17.68 lakh

- VRPL operates in wind power sector and had no turnover in FY2024-25