Revised outcome of Board meeting dated August 20, 2026, after including time of commencement and conclusion of the meeting as advised by the BSE Limited.

August 21, 2026 The BSE Limited 1st Floor, New Trading Wing, Rotunda Building Phiroze Jeejeebhoy Towers, Dalal Street, Fort Mumbai – 400001, Maharashtra Security Code No.: 531260 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”). Time of commencement*: 12.00 p.m./ Time of conclusion: 12.30 p.m. Dear Sir/ Madam, This is in continuation of our earlier intimations dated August 14, 2026, with reference to the captioned subject and inter-se transfer of equity shares amongst the promoter/ promoter group, which had been effected on August 14, 2026, consequent to which Avyan Pashupathy Capital Advisors Private Limited (CIN: U93000TN2016PTC112623) ("Transferor/Outgoing Promoter"), one of the promoters of Refex Renewables & Infrastructure Limited ("Company"), 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 ("Transferee Promoter"), another promoter of the Company. The Transferor Promoter has, vide its letter dated August 14, 2026, requested re-classification of its status from 'Promoter' to 'Public' category under Regulation 31A of the SEBI LODR Regulations (“Reclassification Request”). The Board of Directors of the Company, in its meeting held today, i.e., on August 20, 2026, has taken note of Reclassification Request, received from the Transferor Promoter, to consider re-classification from “promoter” to “public” category in the shareholding pattern of the Company. The Board, inter alia, 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. The Board has also noted the following: 1. Consequent to the inter-se 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 entire shareholding 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 proviso to sub-clause (vi) of clause (a) of sub- regulation (3) of Regulation 31A of the SEBI LODR Regulations. 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 The re-classification of the Outgoing Promoter shall, accordingly, be subject only to no-objection of BSE Limited. The details of the shareholding of the Promoters/ Promoter Group, as on the date of this intimation are as under: S. No. Name of the Promoter & Promoter Group Category of the allottee Before 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 - - 6. Mrs. Ugamdevi Jain Promoter Group - - Total 33,67,425 74.87 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 - - 5. Mrs. Ugamdevi Jain Promoter Group - - Total 33,67,425 74.87 You are requested to take the above information on record and disseminate the same on your website. Thanking you. Yours faithfully, For Refex Renewables & Infrastructure Limited Vinay Aggarwal Company Secretary & Compliance Officer ACS-39099 *Revised Intimation- update to include time of commencement and conclusion of the meeting. Encl.: Certified 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 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 Company are listed, the request dated August 14, 2026 received from Avyan Pashupathy Capital Advisors Private Limited (“APCAPL”), presently forming part of the Promoter/Promoter Group of the Company, seeking reclassification of its status from ‘Promoter/Promoter Group’ to ‘Public’ category, be and is hereby considered and approved. RESOLVED FURTHER THAT the Board of Directors of the Company (“Board”), hereby notes that pursuant to the inter-se 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 [Showing first 8,000 characters — download PDF for full document]