| <p>Refex Industries Limited’s shares have been pledged to multiple entities, including Axis Securities Limited, Northern Arc Capital Limited, and KR Choksey Financial Services Private Limited, primarily as collateral for loans taken by the company’s promoter group, Refex Holding Private Limited (RHPL). The pledges secure loans used both for business purposes and personal use by the promoters. Notably, the encumbrances do not involve any debt instruments such as debentures or commercial paper, with the document consistently stating "Not applicable" when queried about such securities. The shares are pledged to Frazer Goods & Supply Private Limited, Infosoft Global Private Limited, and Minecs Finvest Private Limited as well.</p> |