Business

Refex Industries Limited grants ESOPs

Refex Group also supports the dreams of budding entrepreneurs by investing in and providing additional support to start-ups.

Refex Industries Limited (Refex), a company listed on NSE & BSE and working as a part of Refex Group, recently announced to give employee stock option plan (ESOP), which would be vested within the next five years.

Because of the company’s excellent expansion, Refex announced the issuance of ESOPs to all eligible employees in the first tranche.

“This scheme began with 20,00,000 options made aside for employees, of which 7,00,009 Equity Shares were distributed to some of the employees in the first tranche,”

stated Anil Jain, MD of Refex.

Refex is a multifaceted company that handles coal and ash, trades power, generates solar power, and manufactures and re-fills refrigerant gases.

It is a forerunner in environmentally friendly refrigerant gases.

The distribution of such ESOPs has been made inclusive, with employees from all ranks and levels of Refex participating.

“The last two decades have been an incredible experience in which we have established ourselves as a significant player in our business verticals.” We’ve also been able to broaden our company categories over time. This ESOP grant will further motivate the employees, and we will work harder in our attempt to climb newer heights as Refex,”

Anil Jain, MD of Refex, concludes.

About Refex Group:

Refex Group is a significant business group in India, specialising in renewable energy (solar power), refrigerant gases, coal and fly ash handling, healthcare, and power trading.

With various offices in India, Refex has been on a 20-year path of learning, resilience, and adaptability, always striving for greatness.

The Group is built on a firm foundation of principles such as integrity, diversity, dedication, commitment, and competitiveness, and it prioritises the interests of its customers and shareholders.

Refex Group also supports the dreams of budding entrepreneurs by investing in and providing additional support to start-ups.

This article was shared with Prittle Prattle News as a Press Release.

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