REFEX (REFEX): Order Win
REFEX has received an order from the National Company Law Tribunal, Chennai Bench, convening a court meeting of equity shareholders on 5 August 2026 at 11:00 AM, according to an NSE filing dated 3 July. The notice relates to a Composite Scheme of Amalgamation and Arrangement, with similar disclosures under Regulation 30 of SEBI Listing Regulations filed on 24–26 June. The company has also fixed 24 July as the record date for dividend, and promoter Refex Holding Private Limited acquired 10 lakh shares in the open market two days ago, raising its stake to 56.57%, per exchange filings and market data.
Events like this—order wins involving regulatory or tribunal approvals—have historically shown a 72% win rate across 50 comparable instances, with a net edge of 1.6% in the reaction window, per Strota's base-rate data. This is a statistical pattern across past stocks, not a forecast for REFEX specifically.
The stock currently trades at a price-to-earnings ratio of 19.94 and price-to-book of 3.27, with a market capitalisation of ₹4,918 crore. Return on equity stands at 17.8%, while the dividend yield is 0.56%. The Nifty rose 0.39% on the session.
The filing confirms the tribunal-directed shareholder meeting and timeline. It does not establish whether the scheme will secure final approval, the terms of any amalgamation, or how the stock will perform relative to the broader market.
The catalyst
Notice of court convened meeting of equity shareholders of Refex Industries Limited to be held on Wednesday, August 05, 2026 at 11:00 AM as per the order of Hon'ble National Company Law Tribunal, Chennai Bench (filing · NSE)
What the data shows after this event
Across Strota's backtest of past filings, Order Win tends to continue — the move went bullish in about 72.0% of next sessions (net 1.6% after drift and cost, n=50). A base rate, not a forecast for this stock.
REFEX right now
P/E 19.94. Full REFEX analysis →
Sources
- Notice of court convened meeting of equity shareholders of Refex Industries Limited to be held on Wednesday, August 05, 2026 at 11:00 AM as per the order of Hon'ble National Company Law Tribunal, Chennai Bench — NSE
- Enterprise value to revenue forward of Refex Industries Limited – NSE:REFEX — TradingView
- Refex Industries Promoter Purchases 10 Lakh Shares via Open Market to Increase Stake — Sahi
- Refex Holding Private Limited acquires 10 lakh shares, increases stake to 56.57% — scanx.trade
- Refex Industries fixes July 24 as record date for dividend — scanx.trade
Keep digging
- REFEX — full smart-money page: F&O positioning, deals, insider filings and option chain in one place.
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