ESOP/ESOS/ESPS

August 21, 2026 The BSE Limited The National Stock Exchange of India Ltd. 1st Floor, New Trading Wing, Rotunda Building, Exchange Plaza, 5th Floor, C – 1, Block G Phiroze Jeejeebhoy Towers, Dalal Street, Fort Bandra – Kurla Complex, Bandra (E) Mumbai – 400001, Maharashtra, India Mumbai – 400051, Maharashtra, India Security Code: 532884 Symbol: REFEX RE: Disclosure under Regulation 30 of the SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015 (“SEBI Listing Regulations”) Subject: Allotment of 9,100 Equity shares of ₹2/- each pursuant to Exercise of ESOPs under Refex Employee Stock Option Scheme 2021 Dear Sir/ Ma’am, Pursuant to Regulation 30 read with Schedule III to the SEBI Listing Regulations, we wish to inform you that the Nomination and Remuneration Committee vide resolution passed by circulation on Friday, August 21, 2026, has approved the allotment of 9,100 (Nine Thousand One Hundred) equity shares of face value of ₹2/- each, pursuant to the exercise of vested Employee Stock Options under the Refex Employee Stock Option Scheme 2021 (“ESOP 2021”) by eligible grantees. Consequent to the aforesaid allotment, the issued, subscribed and paid-up equity share capital of the Company has increased from ₹27,44,38,896/- (divided into 13,72,19,448 equity shares of face value of ₹2/- each) to ₹27,44,57,096/- (divided into 13,72,28,548 equity shares of face value of ₹2/- each). The details of the equity shares allotted pursuant to Regulation 30 of the SEBI Listing Regulations read with SEBI Master Circular bearing reference no. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026 and Regulation 10(c) of the SEBI (Share Based Employee Benefits and Sweat Equity) Regulations, 2021, are given in Annexure-A and Annexure-B, respectively. This intimation will be made available on the Company's website at www.refex.co.in. You are requested to take above information on record. Thanking you. Yours faithfully, For & on behalf of Refex Industries Limited Ankit Poddar Company Secretary & Compliance Officer ACS-25443 Annexure- A The details as required under Regulation 30 of the SEBI Listing Regulations read SEBI Master Circular bearing reference no. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026 are as under: S. No. Particulars Details 1. Brief details of options granted The present instance is for allotment of equity shares upon exercise of 9,100 ESOPs under Refex Employee Stock Option Scheme 2021. 2. Whether the scheme is in terms of the Securities and Yes Exchange Board of India (Share Based Employee Bene(cid:976)its and Sweat Equity) Regulations, 2021 ('SBEB & SE Regulations'), if applicable 3. Total number of shares covered by these options 1,00,00,000 equity shares (@face value of ₹2/- each) are covered under Refex Employee Stock Option Scheme 2021. The present disclosure is in respect of allotment of 9,100 equity shares made on August 21, 2026. 4. Pricing formula Not applicable at this stage. 5. Options vested 14,596 (Fourteen Thousand (cid:976)ive Hundred Ninety Six Only) 6. Time within which option may be exercised Vested Options can be exercised within a period of 10 years from the date of relevant vesting. Provided that in the event of death or permanent incapacity of a Grantee, the minimum vesting period of one year shall not be applicable and in such instances, the ESOPs shall vest immediately, on the date of the death or permanent incapacity. 7. Options exercised 9,100 (Nine Thousand One Hundred Only) 8. Money realized by exercise of options ₹4,54,200/- (Rupees Four Lakh Fifty-Four Thousand Two Hundred Only) 9. The total number of shares arising as a result of 9,100 (Nine Thousand One Hundred Only) exercise of option 10. Options lapsed Not applicable. 11. Variation of terms of options Not applicable. 12. Brief details of signi(cid:976)icant terms As per Refex Employee Stock Option Scheme 2021. 13. Subsequent changes or cancellation or exercise of Not applicable. such options 14. Diluted earnings per share pursuant to issue of Not applicable. equity shares on exercise of options Annexure – B Information as required under Regulation 10(c) read with Part - E of the SEBI (Share Based Employee Benefits and Sweat Equity) Regulations, 2021 are as under: Sr. No. Particulars Details 1. Company name and address of Registered Refex Industries Limited Of(cid:976)ice 2nd Floor, No.313, Refex Towers, Sterling Road, Valluvar Kottam High Road, Nungambakkam, Chennai-600 034, Tamil Nadu, India. 2. Name of the recognized Stock Exchanges on BSE Limited (BSE) which the company's shares are listed National Stock Exchange of India Limited (NSE) 3. Filing date of the statement referred in BSE: September 06, 2022 regulation 10(b) of the Securities and NSE: September 06, 2022 Exchange Board of India (Share Based Employee Bene(cid:976)its and Sweat Equity) Regulations, 2021 with the recognized Stock Exchange 4. Filing Number, if any BSE: DCS/IPO/TL/ESOP-IP/2480/2022-23 NSE: NSE/LIST/32112 5. Title of the Scheme pursuant to which shares Refex Employee Stock Option Scheme 2021 are issued, if any 6. Kind of security to be listed Equity shares 7. Par value of the shares ₹2/- per Equity Share 8. Date of issue of shares August 21, 2026 9. Number of shares issued 9,100 Equity Shares 10. Share Certi(cid:976)icate No., if applicable Not Applicable (allotted in dematerialized form) 11. Distinctive number of the share, if applicable 13,72,19,449 to 13,72,28,548 (both inclusive) 12. ISIN Number of the shares if issued in Demat INE056I01025 13. Exercise price per share For Time-based Options (TBOs): ₹ 20.40/- per equity share for 5,500 equity shares; ₹ 95.00/- per equity share for 3,600 equity shares 14. Premium per share For Time-based Options (TBOs): ₹ 18.40/- per equity share for 5,500 equity shares; ₹ 93.00/- per equity share for 3,600 equity shares; 15. Total issued shares after this issue 13,72,28,548 Equity Shares 16. Total issued share capital after this issue ₹ 27,44,57,096/- 17. Details of any lock-in on the shares Not Applicable 18. Date of expiry of lock-in Not Applicable 19. Whether shares are identical in all respects All equity shares allotted pursuant to exercise of stock options shall to existing shares? rank pari-passu with the existing equity shares of the Company If not, when will they become identical? 20. Details of listing fees, if payable Not Applicable