Refex Industries: Key 2026 dates for NCLT meetings

What Refex Industries disclosed

Refex Industries Limited reported multiple compliance and process updates in 2026, spanning postal ballot communication, newspaper publication, and National Company Law Tribunal (NCLT) directed meetings for a Composite Scheme of Amalgamation and Arrangement. The company said it completed the electronic dispatch of its postal ballot notice on March 31, 2026, after issuing a comprehensive notice on March 26, 2026. It also published advertisements in Business Standard (English) and Dinamani (Tamil) on March 31, 2026 to confirm dispatch completion.

Separately, Refex Industries said it held three court-convened meetings on August 5, 2026, as directed by the NCLT, Chennai Bench, under Company Application No. CA(CAA)/43(CHE)/2026. The meetings were part of the process to consider a Composite Scheme of Amalgamation and Arrangement involving Refex Green Mobility Limited, Refex Industries Limited, and Refex Mobility Limited.

Postal ballot dispatch and newspaper publication

The company stated that dispatch of the postal ballot notice was completed on March 31, 2026. This dispatch followed the notice dated March 26, 2026. The newspaper advertisements were published on March 31, 2026 in Business Standard and Dinamani, and were described as confirming completion of electronic dispatch to shareholders.

Refex Industries linked the postal ballot process to matters including enhanced investment authorisation and material related party transactions. The company also stated that the postal ballot notice and related documents were made available on its website (www.refex.co.in) and on stock exchange websites for shareholder access.

NCLT process for the composite amalgamation scheme

Refex Industries disclosed that the NCLT, Chennai Bench, directed the convening of meetings of equity shareholders and creditors to consider the composite scheme. The company said these meetings were scheduled for August 5, 2026.

The NCLT order referenced in the disclosures was dated June 18, 2026, and laid down timelines for secured and unsecured creditors of Refex Green Mobility Limited and Refex Industries Limited, along with an equity shareholders meeting of Refex Industries Limited. The stated purpose of the meetings was to consider and approve, with or without modifications, the amalgamation and arrangement embodied in the scheme.

Meeting schedule, format, and venue

Refex Industries disclosed specific timings and modes for the meetings on August 5, 2026. The equity shareholders meeting was scheduled at 11:00 AM IST through Video Conferencing (VC) and Other Audio Visual Means (OAVM). Meetings for secured and unsecured creditors of Refex Industries Limited were scheduled physically at the company’s registered office in Chennai.

For Refex Green Mobility Limited, meetings for secured and unsecured creditors were also scheduled for August 5, 2026 in physical mode, with the secured creditors meeting at 10:00 AM IST and unsecured creditors meeting at 10:30 AM IST.

Meeting timetable (as disclosed)

Remote e-voting window and cut-off date

For equity shareholders, the company disclosed a remote e-voting window starting on August 2, 2026 at 9:00 AM IST and ending on August 4, 2026 at 5:00 PM IST. The cut-off date for e-voting was stated as July 31, 2026.

Refex Industries also disclosed the voting threshold for the resolution: approval by a majority in number representing three-fourths in value of the equity shareholders present and voting. It added that the scheme remains subject to final sanction of the NCLT and other required regulatory approvals.

Unsecured creditors meeting and eligibility detail

Refex Industries separately announced a meeting for unsecured creditors scheduled on August 5, 2026 at 12:00 PM IST. The venue was disclosed as the company’s registered office: 2nd Floor of Refex Towers, 313, Valluvar Kottam High Road, Nungambakkam, Chennai.

The company said unsecured creditors whose email addresses were registered with the company would receive the notice electronically, while others would receive it via speed post. It also stated that only those creditors whose names were registered in the company’s records as of March 31, 2026 would be eligible to vote on the resolution.

Voting results disclosure and the next step at the NCLT

Following the court-convened meetings, Refex Industries disclosed that voting results were reported on August 7, 2026. The company also disclosed an immediate procedural next step for the scheme process: submission of meeting reports by the Court-appointed Chairperson to the NCLT within three days of the August 5, 2026 meetings.

This sequence positions the August meetings as a formal milestone in the NCLT process, with the chairperson’s report submission as the next documented filing step in the tribunal-directed workflow.

Other referenced disclosures and document access

Refex Industries also referenced that it had filed a company application with the NCLT Chennai Bench on March 26, 2026 as part of the composite scheme process. It described this as a continuation of previous intimations dated September 22, 2025 and March 17, 2026.

The company reiterated that the notice and explanatory statement, along with relevant annexures containing audited financial statements and board reports, were available on the company’s website.

Market check: price reference shared in the update

The information provided also included a current price reference for Refex Industries Ltd. The values shown were ₹269.90 and ₹271.85. No further context (such as time stamp, exchange, or whether these represent last traded price versus another quote) was provided alongside the figures.

Key dates snapshot

Why these disclosures matter for shareholders and creditors

For shareholders, the postal ballot dispatch and newspaper publication confirm the company’s method of distributing information and enabling participation for matters such as enhanced investment authorisation and material related party transactions. For creditors and shareholders involved in the scheme process, the NCLT-directed meetings establish the formal mechanism through which approvals are sought, including the stated voting threshold for equity shareholders.

For the amalgamation and arrangement, the disclosures also clarify how meetings were conducted, the timelines for remote e-voting, and the immediate post-meeting step of submitting the chairperson’s report to the NCLT. These are procedural checkpoints that typically determine how quickly a scheme moves from meetings to tribunal consideration for final sanction, subject to required approvals.

Conclusion

Refex Industries’ 2026 updates set out a clear sequence of compliance steps: postal ballot dispatch and publication on March 31, 2026, followed by NCLT-directed meetings on August 5, 2026 for the composite scheme involving Refex Green Mobility and Refex Mobility. The next disclosed step in the scheme process is the submission of meeting reports by the Court-appointed Chairperson to the NCLT within three days of the August 5 meetings.