Refex Industries' (RIL) Board endorses a composite scheme to merge Refex Green Mobility into RIL, then demerge RIL's Green Mobility business into Refex Mobility.

This aims to create separate listed entities and unlock value.

An unsecured creditors' meeting is scheduled for approval.

RIL reports 347.68 Cr unsecured and 158.91 Cr secured debt.