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As on : 17-Oct-2026
Corporate News
17-Oct-2026      11:57

Refex Renewables seeks shareholder approval for equity share allotment to North Star Opportunities Fund

Refex Renewables & Infrastructure Limited is seeking shareholder approval for a preferential allotment of equity shares to North Star Opportunities Fund VCC – Bull Value Incorporated VCC Sub-Fund Mauritius, a foreign portfolio investor, via a special resolution. The allotment, which will rank equally with existing shares regarding dividends and voting rights, is being conducted in compliance with SEBI ICDR Regulations, with the issue price determined accordingly and a subsequent 6-month lock-in period from the date of trading approval. As of October 17, 2026, the company had 45,01,873 outstanding shares, which will increase to 49,51,873 post-allotment, resulting in a public shareholding of 15,84,448, or 32.00%. The ultimate beneficial owner of North Star Opportunities Fund is Mr. Issam Ali Baqer, and the company’s board recommends shareholders approve the resolution.

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