Refex Industries has received approval to promote and incorporate a subsidiary in the name and style, ‘Refex Green Mobility’. The main object of the proposed Company is to offer environmentally sustainable services in the urban transportation and energy sectors and to enter in the business of using the ever-evolving innovations in technology landscape in order to offer environmentally sustainable services in the urban transportation and energy sectors. The offerings will include but not be limited to providing transportation services through electric vehicles, or through any other mode, to, among others and to also provide logistic services by way of using electric vehicles or through any other mode, etc.
The Company, intends to begin with an investment in the proposed Company, Refex Green Mobility, to the extent of 99.99% of the Capital (i.e. 99,994 Equity Shares of Rs 10 each). The Board of Directors of the Company in their meeting held on March 02, 2023 approved the same.
Refex Industries (RIL) is a specialist manufacturer and re-filler of Refrigerant gases in India, particularly, environmentally acceptable gases that are replacements for Chloro-fluoro-carbons (CFC’s).