neutral
1 day agoTax department searches raise investor focus on Refex Group and Brigade Enterprises
Investor attention has turned cautious after the Income Tax Department conducted search and survey operations at Refex Industries, Refex Renewable & Infrastructure, and Brigade Enterprises between December 9 and 13. Refex Group stated it fully cooperated with authorities and confirmed no adverse remarks were issued, though SEBI separately imposed a ₹10 lakh penalty on its promoter for an insider trading matter. Brigade Enterprises said operations remained unaffected and business continued normally during the survey period.
neutral
1 day agoTax department searches raise investor focus on Refex Group and Brigade Enterprises
Investor attention has turned cautious after the Income Tax Department conducted search and survey operations at Refex Industries, Refex Renewable & Infrastructure, and Brigade Enterprises between December 9 and 13. Refex Group stated it fully cooperated with authorities and confirmed no adverse remarks were issued, though SEBI separately imposed a ₹10 lakh penalty on its promoter for an insider trading matter. Brigade Enterprises said operations remained unaffected and business continued normally during the survey period.
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Income tax searches at Refex Group and Brigade Enterprises drew market attention, though both companies said operations were unaffected and no adverse findings were reported by authorities.
Investor attention has turned cautious after the Income Tax Department conducted search and survey operations at Refex Industries, Refex Renewable & Infrastructure, and Brigade Enterprises between December 9 and 13. Refex Group stated it fully cooperated with authorities and confirmed no adverse remarks were issued, though SEBI separately imposed a ₹10 lakh penalty on its promoter for an insider trading matter. Brigade Enterprises said operations remained unaffected and business continued normally during the survey period.
Investor attention has turned cautious after the Income Tax Department conducted search and survey operations at Refex Industries, Refex Renewable & Infrastructure, and Brigade Enterprises between December 9 and 13. Refex Group stated it fully cooperated with authorities and confirmed no adverse remarks were issued, though SEBI separately imposed a ₹10 lakh penalty on its promoter for an insider trading matter. Brigade Enterprises said operations remained unaffected and business continued normally during the survey period.
Dec 15, 2025 • 05:55