Anil Jain Refex Reappointed at Refex Industries AGM

Refex Industries shareholders approve key FY26 resolutions

Refex Industries Limited has announced the successful completion of its 24th Annual General Meeting (AGM), where shareholders approved all major business resolutions for the financial year ended March 31, 2026. Among the notable decisions was the reappointment of Anil Jain, Managing Director of Refex Industries, as a director retiring by rotation.

The meeting, held on July 31, 2026, also resulted in shareholder approval for the company's audited financial statements, declaration of the final dividend for FY2025-26, and a proposal concerning the utilization of proceeds from an earlier preferential issue.

Anil Jain continues on the Refex Industries Board

Shareholders voted in favour of the reappointment of Anil Jain (DIN: 00181960), reaffirming confidence in the company's leadership.

The resolution received the required majority through electronic voting conducted via NSDL. While a limited number of public shareholders voted against the proposal, the resolution was passed comfortably with strong overall shareholder support.

The outcome enables the company to maintain leadership continuity as it executes its long-term business strategy.

FY26 financial statements and dividend approved

During the AGM, shareholders approved:

• Standalone audited financial statements for FY26
• Consolidated financial statements for FY26
• Reports of the Board of Directors and Statutory Auditors
• Final dividend for the financial year 2025-26

The approvals indicate continued shareholder support for Refex Industries' financial reporting and corporate governance processes.

Shareholders approve variation in preferential issue proceeds

A special resolution also received shareholder approval to vary the utilization of approximately ₹19.07 crore from the proceeds of the company's ₹219.69 crore preferential issue, originally approved in 2024.

The approval allows Refex Industries to optimize capital deployment in accordance with evolving operational and strategic priorities while remaining compliant with applicable regulations.

AGM conducted through digital platform

The AGM was conducted through Video Conferencing (VC) and Other Audio-Visual Means (OAVM) in accordance with guidelines issued by the Ministry of Corporate Affairs (MCA) and the Securities and Exchange Board of India (SEBI).

Electronic voting was facilitated through the National Securities Depository Limited (NSDL), with the voting process independently scrutinized to ensure transparency.

What the AGM outcome means

The successful passage of all resolutions reflects broad shareholder support for the company's governance framework and strategic direction. The continuation of Anil Jain on the Board provides leadership continuity as Refex Industries focuses on executing its FY27 priorities.

Key Takeaways

• Refex Industries held its 24th AGM on July 31, 2026.
• Shareholders approved all FY26 ordinary and special resolutions.
• Anil Jain was reappointed as a director retiring by rotation.
• Final dividend for FY2025-26 received shareholder approval.
• Shareholders approved variation in the utilization of ₹19.07 crore from the 2024 preferential issue.

Frequently Asked Questions

Who is Anil Jain at Refex Industries?
Anil Jain serves as the Managing Director of Refex Industries and was reappointed as a director retiring by rotation at the company's 24th AGM.

When was the Refex Industries AGM held?
The 24th Annual General Meeting took place on July 31, 2026.

What resolutions were approved?
Shareholders approved the FY26 financial statements, final dividend, Anil Jain's reappointment, and the variation in utilization of preferential issue proceeds.

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