With reference to its earlier intimation dated December 14, 2025 regarding the adjudication order passed by the Securities and Exchange Board of India (‘SEBI’) imposing a penalty on Anil Jain, Promoter, Chairman & Managing Director of the company in the matter of alleged insider trading activities of certain entities in the scrip of the company, Refex Industries informed that, an appeal challenging the said adjudication order passed by SEBI was preferred by Anil Jain before the Securities Appellate Tribunal (‘SAT’) pursuant to which SAT vide order dated February 13, 2026 has granted a stay on recovery of the penalty under the said adjudication order passed by SEBI, subject to deposit of 50% of the penalty amount within four weeks from the date of the order passed by SAT. Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, read with applicable SEBI circulars and Industry Standard Formats, the requisite details are enclosed.
The above information is a part of company’s filings submitted to BSE.
