The Exchange has received Disclosure under Regulation 31(1) and 31(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 on September 24, 2026 for Refex Holding Pvt Ltd

September 24, 2026 Refex Industries Limited National Stock Exchange of India Ltd. BSE Limited 2nd Floor, 313, Refex Towers, Exchange Plaza, Plot No. C/1, G Block, Corporate Relationship Dept. Sterling Road Signal, Bandra –Kurla Complex Bandra (E), Phiroze Jeejeebhoy Towers, Valluvar Kottam High Road, Mumbai – 400 051, Dalal Street, Mumbai – 400001 Nungambakkam, Maharashtra Maharashtra Chennai – 600034, Tamil Nadu Symbol: REFEX Scrip Code: 532884 Subject: Disclosure pursuant to Regulation 31(1) & 31(2) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. Dear Sir/Madam, Pursuant to Regulation 31(1) & 31(2) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, we hereby inform you about the 1. creation of pledge over equity shares held in Refex Industries Limited (refer Annexure-I and Annexure-II). 2. release of pledge over equity shares held in Refex Industries Limited. (refer Annexure-I) The details of creation & release of pledge are attached herewith You are requested to kindly take the same on record. Yours Sincerely, For and on behalf of Refex Holding Private Limited (Promoter of Refex Industries Limited) Anil Jain Managing Director DIN: 00181960 Place: Chennai Date: September 24, 2026 Encl.: As above. Annexure-I Disc losure by the Promoter(s) to the stock exchanges and to the Target Company for encumbrance of shares, in terms of Regulation 31(1) & 31(2) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011 Name of the Target Company (TC) Names of the stock exchanges where Ref ex Industries Limited (RIL) the shares of the target a) The National Stock Exchange of India Limited company are listed b)The BSE Limited Date of reporting Name of the promoter or PAC on whose shares September 24, 2026 encumbrance have been created Refex Holding Private Limited (RHPL) Details of the creation/ invocation/ release of encumbrance: Name of the Promoter holding Promoter holding Details of events pertaining to encumbrance (3) Post event holding of promoter (s) or in the target already encumbered shares PACs with him* company (1) encumbered (2) {creation [(2) + (3)] / release [(2)-(3)] / invocation [(1)-(3)]} No. % of No. of % of Type of Date of creation/ Type of Reasons for No. of % of share Name of the entity in whose favor No. of % of total of total shares total event release/ invocation encumbrance encumbrance** shares capital shares encumbered *** shares share capital shar share share (creation / of encumbrance (pledge/ lien/ es capita capital release / non disposal l invocation) undertaking/ others) Refex Holding 7,76,23,085 56.56 3,67,02,103 26.75 Creation 23-09-2026 Pledge Personal use by promoters 5,00,000 0.36 Minecs Finvest Private Limited 3,72,02,103 27.11 PrivaRteH PLiLmited and PACs Refex Holding 7,76,23,085 56.56 3,72,02,103 27.11 Release 23-09-2026 Pledge Release of security upon 8,33,333 1,07 Ellenbarrie Industrial Gases Limited 3,63,68,770 26.50 PrivaRteH PLiLmited closure of facility For Re(fex Ho)l ding Private Limited (Promoter) Anil Jain – Managing Director DIN: 00181960 Place: Chennai Date: September 24, 2026 Notes: *The names of all the promoters, their shareholding in the target company and their pledged shareholding as on the reporting date should appear in the table irrespective of whether they are reporting on the event date or not. **For example, for the purpose of collateral for loans taken by the company, personal borrowing, third party pledge, etc . ***This would inc lude name of both the lender and the trustee who may hold shares directly or on behalf of the lender. Details of Promoters, their shareholding in the Company and their encumbered shareholding as on September 24, 2026 S. No. Name of the Promoter/ Promoter Group along with PACs Details of Shares Held Encumbered/Pledged Shares Number of Shares held %age of paid-up share Number of Pledged %age of paid-up share capital Shares capital 1. Refex Holding Privatwe .Lei.fm.Fiteebdr uary 11, 2026) 7,76,23,085 56.56 3,63,68,770 26.50 2. Refex Family Trust ( 0 0 0 0 3. Mr. Tarachand Jain 0 0 0 0 4. Ms. Ugamdevi Jain 0 0 0 0 5. Mr. Anil Jain 0 0 0 0 6. Ms. Dimple Jain 0 0 0 0 7. Mr. Yash Jain TOTAL 7,76,23,0850 56.560 3,63,68,7700 26.500 Annexure-II Disclosureofreasonsforencumbrance Name of the Listed Company Refex Indu strie s Limited Names of the recognized stock exchanges where the shares of the company are listed a) The National Stock Exchange of India Limited Name of the promoter(s) / PACs whose shares have been encumbered bR )efeTxh He BolSdEi nLgim Pirteivda te Limited Total promoter shareholding in the listed company Encumbered shares as a % of promoter shareholding 7,76,23,085 (56.56%) Whether encumbered share is 50% or more of promoter shareholding 46.85% Whether encumbered share is 20% or more of total share capital No Details of all the existing events/ agreements pertaining to encumbrance: Encumbrance No. 1 Encumbrance No. 2 Encumbrance No. 3 Dated: 21.03.2024 Dated: 30.07.2025 Dated: 15.12.2025 Type of encumbrance (pledge, lien, negative lien, non-disposal undertaking etc. or any other covenant, transaction, Pledge Pledge Pledge condition or arrangement in the nature of encumbrance) No. and % of shares encumbered No. of shares: 24,58,213 No. of shares: 1,29,28,061 No. of Shares: 5,20,833 % of total share capital: 1.79 % of total share capital: 9.42 % of total share capital: 0.38 Name of the entity in whose favour shares encumbered (X) Beacon Trusteeship Limited for the benefit of Catalyst Trusteeship Limited for the Bhansali Fincom Private Limited Vivriti Capital Limited benefit of Touchstone Trust Scheme VI (acting through its Investment Manager Touchstone Capital Limited) Whether the entity X is a scheduled commercial bank, public financial institution, NBFC or No No NBFC Specific details about housing finance company? GN ra ot uur pe C o of m Bu ps ai nn ie es ss :: Trusteeship services GN ra ot uu pre C o of m Bu ps ai nn ie es ss :: Trusteeship services Group Companies: the encumbrance If No, provide the nature of the business of the entity. Names of all other entities in the agreement Listed Company and its group Company Other Entities: Other Entities: Other Entities: (if any) other entities (if any) Refex Holding Private Limited Refex Holding Private Limited Refex Holding Private Limited Beacon Trusteeship Limited for the benefit of Catalyst Trusteeship Limited for the benefit Bhansali Fincom Private Limited Vivriti Capital Limited of Touchstone Capital Limited Whether the encumbrance is relating to any debt instruments viz. debenture, commercial Not applicable The encumbrance is relating to Debentures: Not applicable paper, certificate of deposit etc.? (i) Name of issuer: Refex Life Sciences If yes, provide details about the instrument, including credit rating: Private Limited 1. Name of the issuer (ii) Details of the Debt Instrument: Secured, 2. Details of the debt instrument unrated, unlisted optionally convertible 3. Whether the debt instrument is listed on stock exchanges? and non-convertible debentures of face 4. Credit Rating of the debt instrument value of ₹ 10 lakh each 5. ISIN of the instrument (iii) Whether the instrument is listed on stock exchanges: No. (iv) Credit Rating of the debt instrument: Not applicable (v) ISIN of the instruments: INE1J6W07024 (Series A OCDs); INE1J6W07016 (Series B NCDs) Security Cover / Asset Value of shares on the date of event / agreement (A) ₹34,13,47,457/- (@ ₹138.86/share) ₹580,21,13,777/- (@ ₹448.80/share) ₹18,71,25,000/- (@ ₹299.40/share) Cover Amount involved (against which shares have been encumbered) (B) ₹40,00,00,000/- ₹335,00,00,000/- ₹5,00,00,0000/- Ratio of A / B 0.85:1 1.73: 01 3.74 :01 End use of money Borrowed amount to be utilized for what purpose –(a) Personal use by promoters and Personal use by promoters and PACs Personal use by promoters and PACs Personal use by promoters and PACs PACs(b) For the benefit of listed com [Showing first 8,000 characters — download PDF for full document]