Refex Renewables & Infrastructure Enters ₹16.51 Crore Binding Settlement MOU With SILRES

Binding MOU settles SILRES insolvency litigation for ₹16.51Cr versus ₹33.39Cr claimed liability, subject to definitive agreements and approvals. Refex will transfer Ishaan Solar, trademarks and minor SILRES stake, resolving legal uncertainty but relinquishing a subsidiary and requiring substantial cash payment.