Approval of the Board of Directors to the re-classification request of one of the promoters to the public category, in the shareholding pattern, as per SEBI Listing Regulations, 2015.

August 20, 2026 The BSE Limited 1 Floor, New Trading Wing, Rotunda Building PSehciruorziety J eCeojedeeb Nhooy.: T5o3w12er6s0, Dalal Street, Fort M umbai – 400001, Maharashtra RE: Regulation 30 read with 31A(8)(b) of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. Subject: Outcome of the meeting of the Board of Directors of Refex Renewables & Infrastructure Limited (“Company”) held on August 20, 2026, inter-alia, for considering request from one of the promoters of the Company for re-classification to ‘public’ category in the shareholding pattern in accordance with the provisions of Regulation 31A of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (as amended) (“SEBI LODR Regulations”). Dear Sir/ Madam, inter-se This is in continuation of our earlier intimations dated August 14, 2026, with reference to the captioned subject and transfer of equity shTarraens safmeroonrg/sOt uthteg opirnogm Portoerm/ optreormoter group, which had been effected on August 14, 2026, consequentC omtop anwyhich Avyan Pashupathy Capital Advisors Private Limited (CIN: U93000TN2016PTC112623) (" "), one of the promoterTsr oafn Rsfeeferex eR ePnreowmaobtleers & Infrastructure Limited (" "), had transferred its entire 13,91,869 equity shares, constituting 30.94% of the paid-up equity share capital of the Company, to Refex Holding Private Limited (" "), another promoter of the Company. ' Promoter' 'Public' Reclassification Request The Transferor Promoter has, vide its letter dated August 14, 2026, requested re-classification of its status from to category under Regulation 31A of the SEBI LODR RegulAatuiogunss t( “20, 2026 ”). “promoter “Tphueb Blioca”rd of Directors of the Company, in its meeting held today, i.e., on , has taken note of Reclassification Request, received from the Transferor Promoter, to consider re-classification from ” to catiengteorr ya liina the shareholding pattern of the Company. The Board, , considered the request of the Outgoing Promoter and, after analysing the same, is of the view that the Reclassification Request is compliant with the conditions specified in clause (b) of sub-regulation (3) of the SEBI LODR Regulations. inter-se T he Board has also noted the following: 1. Consequent to the transfer referred above, the Outgoing Promoter does not hold any equity shares in the Company as on date, and has confirmed compliance with the conditions specified under Regulation 31A(3)(b)(i) to (vii) of the SEBI LODR Regulations; 2. The Outgoing Promoter, subsequent to re-classification as public, shall comply with the conditions specified under Regulation 31A(4)(a) & (b) of the SEBI LODR Regulations; 3. The Company is, and post re-classification will continue to be, compliant with the requirement for minimum public shareholding under Regulation 38 of the Listing Regulations. Based on the above, the Board has deliberated and approved the Reclassification Request and has decided to submit an application to BSE Limited seeking its no-objection for the proposed re-classification, in accordance with sub-clause (iii) of clause (a) of sub-regulation (3) of Regulation 31A of the SEBI LODR Regulations. The Board also noted that since the Outgoing Promoter, together with persons related to it, holds nil (0%) of the total voting rights in the Company, pursuant to the disposal of its entpirreo vsihsaoreholding to the Transferee Promoter, the requirement of shareholders' approval by way of an ordinary resolution under sub-regulation (3) of Regulation 31A of the SEBI LODR Regulations stands exempted, in terms of the to sub-clause (vi) of clause (a) of sub- regulation (3) of Regulation 31A of the SEBI LODR Regulations. Refex Renewables & Infrastructure Limited The re-classification of the Outgoing Promoter shall, accordingly, be subject only to no-objection of BSE Limited. A Refex Group Company Registered Office: 2nd Floor, Refex Towers, Sterling Road Signal, 313, Valluvar Kottam High Road, Nungambakkam, Chennai – 600034, Tamil Nadu P: 044 4340 5950 | E: cs@refexrenewables.com | W: www.refexrenewables.com ThS.e N doe. tails of tNhaem seh aorf ethheo lPdrionmg ootfe trh &e PPrroommootteerrs G/r Poruopm oter GrCoautepg, oarsy o onf tthhee dalaltoet toefe t his intimatiBonef aorree as under: as per Regulation 31(1) Re-classification of SEBI (LODR) No. of % of Regulations, 2015 equity shares Holding 1. Refex Holding Private Limited Promoter 33,67,425 74.87 2. Avyan Pashupathy Capital Advisors Private Limited Promoter - - 3. Refex Family Trust Promoter - - 4. Mr. T Anil Jain Promoter Group - - 5. Mrs. Dimple Jain Promoter Group - - Total 33,67,425 74.87 6. Mrs. Ugamdevi Jain Promoter Group - - S. No. Name of the Promoter & Promoter Group Category of the allottee as per After Regulation 31(1) of SEBI Re-classification (LODR) Regulations, 2015 No. of % of equity shares Holding 1. Refex Holding Private Limited Promoter 33,67,425 74.87 2. Refex Family Trust Promoter - - 3. Mr. T Anil Jain Promoter Group - - 4. Mrs. Dimple Jain Promoter Group - - Total 33,67,425 74.87 5. Mrs. Ugamdevi Jain Promoter Group - - You are requested to take the above information on record and disseminate the same on your website. Thanking you. For Refex Renewables & Infrastructure Limited Y ours faithfully, Vinay Aggarwal Company Secretary & Compliance Officer AEnCcSl-.3: 9 C0e9r9ti f ied true copy of extracts of the resolution passed at the meeting of the Board of Directors on August 20, 2026. Refex Renewables & Infrastructure Limited A Refex Group Company Registered Office: 2nd Floor, Refex Towers, Sterling Road Signal, 313, Valluvar Kottam High Road, Nungambakkam, Chennai – 600034, Tamil Nadu P: 044 4340 5950 | E: cs@refexrenewables.com | W: www.refexrenewables.com CERTIFIED TRUE COPY OF THE EXTRACTS OF THE RESOLUTION PASSED AT THE MEETING OF THE BOARD OF DIRECTORS OF REFEX RENEWABLES & INFRASTRUCTURE LIMITED HELD AT A SHORTER NOTICE ON THURSDAY, AUGUST 20, 2026 THROUGH VIDEO CONFERENCING IN BOARD ROOM AT 1ST FLOOR, REFEX TOWERS, STERLING ROAD SIGNAL, 313, VALLUVAR KOTTAM HIGH ROAD, NUNGAMBAKKAM, CHENNAI – 600034, TAMIL NADU, INDIA CONSIDERATION OF REQUEST RECEIVED BY THE COMPANY ON AUGUST 14, 2026, FROM AVYAN PASHUPATHY CAPITAL ADVISORS PRIVATE LIMITED REQUESTING RE-CLASSIFICATION FROM ‘PROMOTER’ STATUS TO ‘NON-PROMOTER’ “RESOLVED THAT pursuant to Regulation 31A and other applicable provisions of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended, and subject to applicable laws, rules, regulations and approvals/no-objection of the BSE Limited, where the equity shares of the APCAPL Company are listed, the request dated August 14, 2026 received from Avyan Pashupathy Capital Advisors Private Promoter/Promoter Group Public’ category Limited (“ ”), presently forming part of the Promoter/Promoter Group of the Company, seeking reclassification of its status from ‘ ’ to ‘ , be and is hereby considered and approved. RESOLVED FURTHER THAT Board inter-se the Board of Directors of the Company (“ ”), hereby notes that pursuant to the transfer of equity shares completed on August 14, 2026, APCAPL shall hold Nil equity shares in the Company and, subject to confirmation that APCAPL and persons related to APCAPL, collectively, do not hold more than one per cent of the total voting rights in the Company, the requirement of obtaining approval of the shareholders under the applicable proviso to Regulation 31A(3)(a)(iii) of the SEBI LODR Regulations shall not be applicable. RESOLVED FURTHER THAT the Board, having considered the declarations and confirmations furnished by APCAPL and the facts and circumstances placed before it, is of the view that the request for reclassification may be proceeded with in accordance with Regulation 31A of the SEBI LODR Regulations, subject to satisfaction of all applicable conditions and receipt of the no-objection/approval of the [Showing first 8,000 characters — download PDF for full document]