Refex Renewables' Board has approved Q1 financial results, showing consolidated revenue of ₹1.67 Cr and a net loss of ₹0.75 Cr, with net worth eroded.

Auditors highlighted concerns about some subsidiary liabilities and foreign currency dealings.

Strategically, the company plans to diversify into fertilizer manufacturing, including 'Biodhanic' organic manure, a move aiming for sustainable new revenue, subject to shareholder approval.

The company also convened its 31st Annual General Meeting with e-voting facility.

New senior leadership appointments, including finance and tech roles, aim to strengthen management, alongside a special window for physical share transfers.