Refex Industries Limited convened a meeting of its Board of Directors on June 30, 2026, as per an announcement filed with the National Stock Exchange. The meeting follows the company's earlier board resolution dated May 26, 2026, in which directors recommended a final dividend of ₹1 per equity share, representing a payout rate of 50% on a face value of ₹2 per share, for the financial year ended March 31, 2026.

Dividend Details

The declared dividend of ₹1 per equity share (face value ₹2) was approved alongside the audited standalone and consolidated financial results for Q4 and FY2026. This is classified as a final dividend recommendation subject to shareholder approval. The announcement was made under Regulation 30 and 33 of the SEBI Listing Obligations and Disclosure Requirements Regulations, 2015.

Since market quote data is currently unavailable for REFEX, a precise dividend yield calculation cannot be provided at this time. Investors should calculate yield by dividing ₹1 by the prevailing market price to determine the effective return on the dividend alone.

Dividend History and Trend Analysis

A review of Refex Industries' dividend announcements over recent years reveals the following payout pattern:

The trajectory indicates a meaningful step-up in dividend quantum for FY2026 compared to the ₹0.50 per share paid in FY2024, effectively doubling the per-share payout. The addition of an interim dividend during FY2026 also points to a more active distribution policy, suggesting improved cash generation at the operating level.

Company Background

Refex Industries Limited, listed on the NSE under the symbol REFEX with ISIN INE056I01017, is a diversified company with operations spanning refrigerant gases, coal handling, and renewable energy segments. The company has expanded its business profile significantly over the past several years beyond its original refrigerant gas trading roots.

What This Means for Investors

The doubling of the final dividend payout compared to FY2024 levels signals management's confidence in the company's earnings trajectory for FY2026. The dual-dividend structure in FY2026, comprising both an interim payout and a final recommendation, reflects a shareholder-friendly capital allocation approach. Investors should note that the final dividend is subject to shareholder ratification at the upcoming Annual General Meeting before actual disbursement. The record date for dividend eligibility has not been disclosed in the current filing and should be tracked through subsequent NSE announcements. Given the absence of live trade data including delivery percentage and 52-week range in the current dataset, investors are advised to refer to NSE's live market feed for a complete assessment of current valuation and trading liquidity in REFEX shares.