Exemption Order in the matter of Refex Industries Limited
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What is this order about?
SEBI granted an exemption to Refex Family Trust for an indirect acquisition of shares in Refex Industries Limited, which would otherwise require an open offer under SEBI's takeover regulations.
Who it concerns
Refex Family Trust
What was found or directed
- Exemption granted from SAST Regulations 2011
- No open offer required
- Trust is a mirror image of promoter holdings
- Trustees and beneficiaries are promoters or their relatives
- Annual compliance certification required
| Source body | Securities & Exchange Board of India (SEBI) — enforcement orders |
| Reference number | WTM/KCV/CFD/20/2025-26 |
| Status | closed (section: order) |
| Year | 2026 |
| Closing date | — |
| Documents | 1 |
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Documents
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Order
2026-02-11
exemption_order_refexin.pdf
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