Refex Industries expands renewables footprint with subsidiary acquisition

Refex Industries Limited announced on November 21, 2025, that its subsidiary, Venwind Refex Power Limited (VRPL), is in the process of acquiring Refex Engineering Products Private Limited (REPPL). VRPL will acquire 100% of REPPL's equity, comprising 10,000 shares at a face value of ₹10 each, totaling ₹1,00,000. REPPL, currently a wholly-owned subsidiary of Refex Holding Private Limited, will become a step-down subsidiary of Refex Industries Limited post-acquisition.

The acquisition aims to consolidate wind energy and ancillary businesses under VRPL, enhancing integration and operational efficiencies within the company’s business structure. REPPL, incorporated on September 27, 2024, is engaged in construction, civil engineering projects, and allied sector activities, with no turnover reported for FY2024-25. The transaction is a related-party transaction, conducted in accordance with applicable laws and regulatory guidelines.

The acquisition is expected to be completed within 30 days.