Refex Industries announced that the Board of Directors of the Company at its meeting held on 18 May 2023, has recommended a Final dividend of Rs.2 per share (i.e.20%), subject to the approval of the shareholders.

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Refex Industries has granted 57,840 Options of Employee Stock Options under Refex ESOP Scheme 2021, to the eligible employees of the Company on 18 May 2023.

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B.C. Power Controls Ltd, Mindteck (India) Ltd, Cords Cable Industries Ltd and Aurionpro Solutions Ltd are among the other gainers in the BSE's 'B' group today, 19 May 2023.

Refex Industries Ltd surged 20.00% to Rs 426.3 at 11:56 IST. The stock was the biggest gainer in the BSE's 'B' group. On the BSE, 46843 shares were traded on the counter so far as against the average daily volumes of 39326 shares in the past one month.

B.C. Power Controls Ltd soared 14.60% to Rs 4.16. The stock was the second biggest gainer in 'B' group. On the BSE, 9.62 lakh shares were traded on the counter so far as against the average daily volumes of 1.66 lakh shares in the past one month.

Mindteck (India) Ltd spiked 11.70% to Rs 134.1. The stock was the third biggest gainer in 'B' group. On the BSE, 15445 shares were traded on the counter so far as against the average daily volumes of 2418 shares in the past one month.

Cords Cable Industries Ltd exploded 10.51% to Rs 89.6. The stock was the fourth biggest gainer in 'B' group. On the BSE, 98759 shares were traded on the counter so far as against the average daily volumes of 15960 shares in the past one month.

Aurionpro Solutions Ltd gained 10.00% to Rs 652.85. The stock was the fifth biggest gainer in 'B' group. On the BSE, 11013 shares were traded on the counter so far as against the average daily volumes of 17528 shares in the past one month.

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Net profit of Refex Industries rose 111.04% to Rs 50.67 crore in the quarter ended March 2023 as against Rs 24.01 crore during the previous quarter ended March 2022. Sales rose 256.17% to Rs 630.13 crore in the quarter ended March 2023 as against Rs 176.92 crore during the previous quarter ended March 2022.

For the full year,net profit rose 155.70% to Rs 116.06 crore in the year ended March 2023 as against Rs 45.39 crore during the previous year ended March 2022. Sales rose 266.96% to Rs 1629.15 crore in the year ended March 2023 as against Rs 443.96 crore during the previous year ended March 2022.

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