Synopsis :- Solar energy firm’s shares hit a decrease circuit of 5 p.c in at present’s buying and selling session after its subsidiary has been dragged to the Nationwide Firm Regulation Tribunal (NCLT).
A small-cap Firm that gives EPC providers in respect of floor solar energy vegetation, photo voltaic water pumps and residential programs, is within the highlight after its stepdown wholly owned subsidiary, has been dragged to the Nationwide Firm Regulation Tribunal (NCLT), Chennai, below Part 7.
With the market capitalization of Rs. 215.72 crore, the shares of Refex Renewables & Infrastructure Ltd is buying and selling at Rs. 479.75, down by 5 p.c decrease circuit from its earlier day’s shut value of Rs. 505 per fairness share.
What’s the Information?
Shares of Refex Renewables & Infrastructure Ltd slipped to a 5 p.c decrease circuit after the corporate disclosed that Sherisha Photo voltaic LLP (SS LLP), its stepdown wholly owned subsidiary, has been dragged to the Nationwide Firm Regulation Tribunal (NCLT), Chennai, below Part 7 of the Insolvency and Chapter Code (IBC), 2016. SILRES Vitality Options Non-public Restricted has filed a petition searching for initiation of a company insolvency decision course of over an alleged default of Rs. 34.24 crore.
The corporate clarified that SS LLP disputes the declare and plans to vigorously contest the petition, however the improvement triggered investor issues, resulting in a pointy fall within the inventory.
Concerning the Firm & Others
Refex Renewables & Infrastructure Restricted, based in 1959 and headquartered in Chennai, is a renewable and inexperienced power firm working throughout EPC-Rural, EPC-Industrial & Industrial, Compressed Bio-Gasoline, and associated service segments.
The corporate supplies design, engineering, procurement, building, set up, commissioning, and upkeep of ground-mounted and rooftop solar energy vegetation, together with photo voltaic water pumps and residential lighting programs. It is usually concerned within the manufacturing of compressed biogas and manpower provide providers.
The corporate reported income of Rs. 14.28 crore in Q2FY26, a marginal 2 p.c YoY enhance from Rs. 14 crore however a 15 p.c QoQ decline from Rs. 16.74 crore, whereas losses widened to Rs. 14.32 crore, in comparison with a lack of Rs. 12.7 crore in Q2FY25 and Rs. 7.54 crore in Q1FY26, indicating weak operational efficiency with each yearly and sequential deterioration in profitability.
As of September 2025, the corporate’s shareholding sample exhibits that promoters maintain 74.89 p.c of the entire fairness, indicating sturdy promoter possession. The general public shareholding stands at 25.11 p.c, reflecting a wholesome stage of retail participation within the firm.
Written by Akshay Sanghavi
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