Refex Industries hits 52-week low after Sebi imposes ₹10 lakh penalty on chairman for alleged insider trading.
AI Summary1 min read
TL;DR
Refex Industries shares fell 16.6% to a 52-week low after Sebi fined its chairman ₹10 lakh for alleged insider trading, with the stock down 38% in four sessions amid IT department searches.
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Refex IndustriesSebi penaltyinsider tradingstock declineIncome Tax Department
Refex Industries shares plummeted 16.6% to a 52-week low of ₹212 per share, losing nearly 38% in four sessions. The decline came after Sebi imposed a ₹10,00,000 penalty on the company's Chairman & Managing Director, Anil Jain, for alleged insider trading. Additionally, the Income Tax Department concluded search operations initiated on December 9, 2025.
