Refex Industries Share Price Rises After SAT Stays SEBI Penalty on Promoter

Refex Industries share price  (NSE: REFEX) rose sharply in intraday trading, gaining more than 8% and touching around ₹264 per share. The buying interest followed a regulatory update related to the company’s promoter.

Reason Behind the Rally

The rally came after the Securities Appellate Tribunal granted a stay on the recovery of a penalty earlier imposed by the Securities and Exchange Board of India on promoter, chairman, and managing director Anil Jain in a case linked to alleged insider trading.
The stay is conditional upon depositing 50% of the penalty amount within four weeks from the tribunal’s order dated February 13, 2026.

Impact on the Company

Refex Industries clarified that this development does not have any financial, operational, or monetary impact on the company’s business activities.

Refex Industries Quarterly Performance

In Q3 FY26, the company reported consolidated net profit of about ₹54.21 crore, an increase of roughly 8% compared to the previous year.
However, revenue from operations declined about 16% year-on-year to nearly ₹576 crore.

Strategic Business Decision

The company’s board has approved discontinuing its refrigerant gas segment. This move is part of a broader strategy to focus capital on core, higher-growth businesses and improve long-term value creation.

About Refex Industries

Refex Industries is a diversified Indian company with operations in eco-friendly refrigerant gases, coal and ash handling for thermal power plants, and power trading. Established in 2002, it is part of the Refex Group, which also works in renewable energy, medical technology, and green mobility solutions.

Also Read: Best PSU Stocks in India in February 2026!

Conclusion

The recent share price rise reflects investor relief after regulatory pressure eased on the promoter. While revenue challenges remain, improved profitability and strategic restructuring could support Refex Industries’ long-term growth outlook.

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