India's Refex Industries hits over 1 year-low after SEBI penalty, tax raids

Refex Industries

15/12/2025 04:07

** Shares of Refex Industries REFE.NS fall 15.6% to 215.1 rupees, lowest since July 2024

** India's markets regulator imposes 1 million rupees ($11,047.89) penalty on the refrigerant gases maker's chairman and managing director for alleged violations of insider trading rules

** Income tax department searches co office, other locations associated with Refex Group

** Over 2.2 mln shares traded, over 1.5x the 30-day avg

** Stock down 51.4% YTD

($1 = 90.5150 Indian rupees)

 (Reporting by Aleef Jahan in Bengaluru)

 ((aleefjahan.cs@thomsonreuters.com))