The Exchange has received the Disclosures of reasons for encumbrance by promoter of listed companies under Reg. 31(1) read with Regulation 28(3) of SEBI (SAST) Regulations, 2011 on August ....

August 18, 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) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. Dear Sir/Madam, Pursuant to Regulation 31(1) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, we hereby inform you about creation of pledge over equity shares held in Refex Industries Limited. The details of creation of pledge are attached herewith (refer Annexure-I and Annexure-II). 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: August 18, 2026 Encl.: As above. Annexure-I Disclosure by the Promoter(s) to the stock exchanges and to the Target Company for encumbrance of shares, in terms of Regulation 31(1) 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 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 August 18, 2026 shares encumbrance have been created Refex Holding Private Limited Details of the creation/ invocation/ release of encumbrance: Name of the Promoter holding in Promoter holding Details of events pertaining to encumbrance (3) Post event holding of promoter (s) or the target company already encumbered shares PACs with (1) encumbered (2) {creation [(2) + (3)] / him* release [(2)-(3)] / invocation [(1)-(3)]} No. of % of No. of % of Type of Date of creation/ Type of Reasons for encumbrance** No. of % of share Name of the entity in whose No. of % of total shares total shares total event release/ encumbrance shares capital favor shares encumbered *** shares share share share (creation / invocation of (pledge/ lien/ non capital capital capital release / encumbrance disposal invocation) undertaking/ others) Refex 7,76,23,085 56.57 3,37,76,529 24.61 Creation August 10, 2026 Pledge Collateral for loans taken by the 20,90,000 2.69 Northern Arc Capital Limited 3,34,58,612* 24.38 Holding Company Private LRimHiPteLd *Sin(ce the p) revious disclosure, 24,07,917 equity shares of Refex Industries Limited have been released from pledge, while a fresh pledge has been created over 20,90,000 equity shares. Accordingly, the aggregate number of equity shares encumbered as on the date of the current disclosure has decreased compared to the previous disclosure. For Refex Holding Private Limited (Promoter) Anil Jain – Managing Director DIN: 00181960 Place: Chennai Date: August 18, 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 August 10, 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 56.57 3,34,58,612 24.38 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 56.570 3,34,58,6102 24.308 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 (56.57%) Whether encumbered share is 50% or more of promoter shareholding 43.10% 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 company Provide details inc [Showing first 8,000 characters — download PDF for full document]