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Refex Industries Limited ( (IN:REFEX) ) just unveiled an announcement.
Refex Industries has allotted 69,859 equity shares of ₹2 each following the exercise of an equivalent number of stock options granted under its 2021 employee stock option scheme. The move, approved by the Nomination and Remuneration Committee, modestly increases the company’s paid-up equity share capital and reflects ongoing use of equity-based incentives to reward and retain employees.
Post-allotment, the company’s paid-up share capital has risen from ₹27.43 crore to about ₹27.44 crore, with the total number of shares now at 13,71,99,391. While the dilution is minimal, the transaction underscores Refex’s continued reliance on ESOPs as a compensation tool, aligning employee interests with shareholders and reinforcing compliance with SEBI’s share-based benefit regulations.
More about Refex Industries Limited
Refex Industries Limited operates in the Indian industrial and services sector, with a presence in areas such as energy-related services and allied industrial solutions. The company is listed on both BSE and NSE, giving it access to capital markets and aligning its governance and disclosures with SEBI’s listing and share-based employee benefit regulations.
Average Trading Volume: 238,703
Technical Sentiment Signal: Hold
Current Market Cap: 32.34B INR
See more insights into REFEX stock on TipRanks’ Stock Analysis page.