Updates

July 08, 2026 The BSE Ltd. The National Stock Exchange of India Ltd. 1st Floor, New Trading Wing, Rotunda Exchange Plaza, 5th Floor, C – 1, Block G Building Phiroze Jeejeebhoy Towers, Bandra – Kurla Complex, Bandra (E) Dalal Street, Fort Mumbai – 400001 Mumbai – 400051 Scrip Code: 532884 Symbol: REFEX Dear Sir/Ma’am, Subject: Business Responsibility and Sustainability Report for FY 2025-26 Pursuant to Regulation 34(2)(f) of the Securities and Exchange Board of India (Listing Obligations and Disclosures Requirements) Regulations, 2015, we are submitting herewith the Business Responsibility and Sustainability Report for the Financial Year 2025-26 along with Assurance Report which forms part of the 24th Annual Report of Refex Industries Limited. Kindly take the same on record. Thanking you. Yours faithfully, For Refex Industries Limited Ankit Poddar Company Secretary and Compliance Officer ACS-25443 Annexure – I Business Responsibility & Sustainability Reporting SECTION A: GENERAL DISCLOSURES I. Details of the listed entity 1. Corporate Identity Number (CIN) of the Listed Entity - L45200TN2002PLC049601 2. Name of the Listed Entity - REFEX INDUSTRIES LIMITED 3. Year of incorporation – 2002 (13-09-2002) 4. Registered office address - 2nd Floor, No.313, Refex Towers, Sterling Road, Valluvar Kottam High Road, Nungambakkam, Chennai, Tamil Nadu, India, 600034 5. Corporate address - Refex Building, 67, Bazullah Road, Parthasarathy Puram, T Nagar, Chennai – 600017 6. E-mail - investor.relations@refex.co.in 7. Telephone: 044 3504 0050 8. Website - https://refex.co.in/ 9. Financial year for which reporting is being done – 2025-26 10. Name of the Stock Exchange(s) where shares are listed – BSE Limited (BSE) and National Stock Exchange of India Limited (NSE) 11. Paid-up Capital – ₹27,43,98,782 12. Name and contact details (telephone, email address) of the person who may be contacted in case of any queries on the BRSR report. Mr Prasad Jakkaraju, Vice President and Head – ESG (RHPL-HoldCo.), Ph +91 9167002550, E: prasad.jakkaraju@refex.co.in 13. Reporting boundary - Are the disclosures under this report made on a standalone basis (i.e. only for the entity) or on a consolidated basis (i.e. for the entity and all the entities which form a part of its consolidated financial statements, taken together). Disclosures made in this report are on a Consolidated Basis 14. Name of assurance provider - SGS India Private Limited 15. Type of assurance obtained: Limited Assurance (ISAE 3000, Revised) II. Products/services 16. Details of business activities (accounting for 90% of the turnover): S. No. Description of Main Activity Description of Business Activity % of Turnover of the entity 1 Ash & Coal handling Ash handling and coal trading 83% Wind turbine trading and 2 Windpower 9.85% manufacturing 3 Refex mobility Mobility services 4.13% 17. Products/Services sold by the entity (accounting for 90% of the entity’s Turnover): S. No. Product/Service NIC Code % of total Turnover contributed 1 Ash & Coal handling 46610 83% 2 Windpower 28110 9.85% 3 Mobility 77100 4.13% III. Operations 18. Number of locations where plants and/or operations/offices of the entity are situated: Location Number of plants Number of offices Total National 40+ 13+ 53+ International 0 0 0 19. Markets served by the entity: a) Number of locations Locations Number National (No. of States) 14 International (No. of Countries) 00 b) What is the contribution of exports as a percentage of the total turnover of the entity? Less than 1% c) A brief on types of customers The majority of our customers are industrial entities to whom we provide products and services. In our refrigerant business, customers include both industrial and retail consumers. Our coal and ash handling business provides services to thermal power plants operated by both Independent Power Producers (IPPs) and Captive Power Producers (CPPs) across India. Through Refex Mobility Services, we offer commuting services under both Business-to-Business (B2B) and Business-to- Consumer (B2C) models. IV. Employees 20. Details as of the end of the Financial Year: (FY 2025-26) a) Employees and workers (including differently abled): S. Male Female Particulars Total (A) No. No. (B) % (B/A) No. (C) % (C/A) EMPLOYEES 1. Permanent (D) 509 448 88% 61 12% 2. Other than Permanent (E) 5 3 60% 2 40% 3. Total employees (D + E) 514 451 87% 63 12% WORKERS 4. Permanent (F) 13 12 92% 1 8% 5. Other than Permanent (G) 7 7 100% 0 - 6. Total workers (F + G) 20 19 95% 1 5% b) Differently abled Employees and workers: Total Male Female S. No. Particulars (A) No. (B) % (B/A) No. (C) % (C/A) EMPLOYEES 1. Permanent (D) Nil Nil Nil Nil Nil 2. Other than Permanent (E) Nil Nil Nil Nil Nil Total differently abled 3. Nil Nil Nil Nil Nil employees (D + E) WORKERS 4. Permanent (F) Nil Nil Nil Nil Nil 5. Other than Permanent (G) Nil Nil Nil Nil Nil 6. Total workers (F + G) Nil Nil Nil Nil Nil 21. Participation/Inclusion/Representation of women No. and percentage of Females Total (A) No. (B) % (B/A) Board of Directors 7* 2 28.57% Key Management Personnel 3* 0 0% *Note: Mr. Anil Jain has been counted under both the Board of Directors and Key Management Personnel. 22. Turnover rate for permanent employees and workers (Disclose trends for the past 3 years) FY 2025-26 FY 2024-25 FY 2023-24 (Turnover rate (Turnover rate (Turnover rate in the year in current FY) in previous FY) prior to the previous FY) Male Female Total Male Female Total Male Female Total Permanent Employees 55% 59% 55% 44% 28% 36% 22% 45% 33% Permanent Workers 180% 200% 182% 24% 0% 24% 0% 0% 0% Note: Ceased businesses during the reporting period, strategic internal realignment of employees across Group entities, and evolving business requirements, including de-risking initiatives through the transition of full-time contractual employees to external payroll arrangements, to create a leaner, operationally efficient, and risk-optimized business structure. V. Holding, Subsidiary and Associate Companies (including joint ventures) 23. (a) Names of holding / subsidiary / associate companies / joint ventures % of Does the entity indicated at Name of the holding/ subsidiary/ Indicate whether shares column A, participate in the associate companies/ joint holding/Subsidiary/ held by Business Responsibility ventures (A) Associate/Joint Venture listed initiatives of the listed entity entity? (Yes/No) Refex Holding Private Limited 1. (Formerly Known as Sherisha Holding Company 55.85% No Technologies Private Limited) Refex Green Mobility Limited 2. Wholly owned Subsidiary 100% No (RGML) 3. Refex Mobility Limited (RML) Wholly owned Subsidiary 100% No Refex EV Fleet Services Private 4. Limited (formerly known as O3 Step-Down Subsidiary 100% No Mobility Private Limited) Venwind Refex Power Limited 5. Subsidiary 77.39% No (VRPL) Venwind Refex Power Services 6. Step-Down Subsidiary 77.39% No Limited (VRPSL) Refex Engineering Products 7. Step-Down Subsidiary 77.39% No Private Limited (REPPL) 8. Venwind Refex Projects Limited Step-Down Subsidiary 77.39% No VI. CSR Details 24. (i) Whether CSR is applicable as per section 135 of the Companies Act, 2013: (Yes/No) – Yes (ii) Turnover (in ₹) 24,30,01,62,133 (iii) Net worth (in ₹) 10,96,39,43,638 Amount pertains to FY 2024-25 as the criteria for determining CSR contribution is calculated based on the FY’s Turnover, Net Worth VII. Transparency and Disclosure Compliances 25. Complaints/Grievances on any of the principles (Principles 1 to 9) under the National Guidelines on Responsible Business Conduct: Grievance FY 2024-25 Previous Financial FY 2025-26 Current Financial Year Redressal Year Stakeholder Mechanism in Number of Number Number of group from Number of Place (Yes/No), (If complaints of complaints whom the complaints yes, then provide pending complaint pending complaint is filed Remarks Remarks web-link for the resolution s filed resolution received during the grievance redress at close of during th [Showing first 8,000 characters — download PDF for full document]