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Refex Holding's share pledges secure loans from Axis Securities and other entities
24-Sep-2026, 04:30

Refex Holding Private Limited’s encumbrances are solely related to pledges of shares and do not involve any debt instruments, according to a recent document review. The pledges, held by entities including Axis Securities Limited, Northern Arc Capital Limited, Shivangini Properties Private Limited, and Frazer Goods & Supply Private Limited, serve as collateral for loans taken by the company or for personal use by promoters. These share pledges are linked to loans and price fluctuation adjustments, with each instance explicitly noting "Not applicable" when queried about debt instruments. The document provides no details regarding the terms or conditions of any underlying loans.