Refex Industries will spin off the Mobility unit, listed as Refex Mobility Limited on the BSE, NSE.

• Subsidiary Refex Green Mobility merges into Refex Industries before demerging into a new entity named RML.
• Shareholders receive an equal proportion of Refex Mobility shares, mirroring their Refex Industries holdings post listing.
• The scheme requires approvals from shareholders, creditors, exchanges, SEBI, NCLT, and other regulators to proceed smoothly.