Refex Ind shares reverse losses; after touching 52-week low in early trade

Refex Industries shares hit 52-week low in the early trade, however, the stock eased losses and were trading over 9 per cent higher later

Refex Industries shares tanked 16.6 per cent on the BSE, logging a 52-week low at ₹212 per share. However, at 10:39 AM, Refex Industries’ share price took a U-turn and was trading 9.77 per cent higer at ₹279.2 per share on BSE. In comparison, the BSE Sensex was up 0.26 per cent at 85,042.69. In the past four sessions, the stock has lost nearly 38 per cent. 

The stock was under pressure in the morning deals on two new developments. Firstly, the Securities and Exchange Board of India (Sebi) imposed a ₹10,00,000 penalty on the company’s Chairman & Managing Director, Anil Jain, for alleged insider trading. 

 

 

“It was alleged that Anil Jain (“Noticee 1”), chairman & managing director (CMD) of Refex Industries Limited (“Refex”), had communicated unpublished price sensitive information (UPSI) to certain entities/person(s) and they had traded in the scrip of Refex while in possession/ on the basis of UPSI and made unlawful gains of ₹12.33 lakh only,” the filing read. 

 

In a separate filing, the company informed investors that search operations carried out by the Income Tax Department concluded late evening on Saturday, December 13, 2025. The search was initiated on December 09, 2025, according to the filing.   CATCH STOCK MARKET LIVE UPDATES TODAY

 

“We hereby inform that the search operations initiated by the Income Tax Department on December 09, 2025, have been concluded late evening on Saturday i.e., December 13, 2025,” the filing read. 

 

It added: As on date, the company has not received any communication, notice, or order from the Income-Tax Department indicating any adverse findings pursuant to the aforesaid search operations. Certain media reports and social media posts suggesting adverse outcomes are speculative in nature and are not supported by any official communication. The company continues to conduct its business in the normal course,” the filing added. 

 

Refex Industries has key operations spanning refrigerant gases, coal and ash handling for thermal power plants, and power trading. Founded in 2002, the company is part of the broader Refex Group, which also operates in renewable energy (solar and wind), medical technologies, and green mobility solutions.