The Board of Directors of Refex Industries Limited (RIL) has approved a scheme to restructure its green mobileity business.

As per the scheme, Refex Green Mobility Limited (‘RGML’), A Wholly Owned Subsidiary, will be merged into ril, followed by the demeger of the demeger of the green mobile business. Entity, Refex Mobility Limited (‘RML’).

Rml to be independently listed on bse & nse

RML is proposed to be independent listed on bse and nse and nse, creating two focused platforms where Ril will consolidate its core strengths ash & coal handling, and running Sustainable Mobility Solutions Using Clean Fuelled Vehicles.

“The Board’s Approval of this restructuring marks a millstone in Refex’s Growth Journey. Sharehlders Across Bot Ril & RIL & RML, and Reaffirm Our Commitment to Clean, Technology-Driven Urban Corporate Transport, ”said anil jain, chairman and managing director of ril.

“Upon Completion of the Scheme, the shareholders of ril will receive equity shares in rml in the same proportion as their existing shareding in ril as on the record date,” The Company Said in an exchanged in an exchanged.

Refex Industries Closed at ₹ 339.00 on Monday, Down 2.49 per cent from the Previous Trading Day’s Close.

Published on September 22, 2025