Refex Industries stock recovers 9% after IT search; SEBI fines Anil Jain ₹10 lakh.

• Refex Industries' stock surged 9% today, recovering from a 30% drop over the past three sessions.
• The company clarified that an Income Tax search (Dec 9-13) concluded without any adverse findings or notices.
• SEBI fined promoter Anil Jain ₹10 lakh for allegedly sharing Unpublished Price Sensitive Information (UPSI).
• Refex Industries stated the SEBI penalty is personal to Jain and will not impact the company's business or finances.
• Anil Jain plans to legally challenge SEBI's order.

Why It Matters: Regulatory actions and insider trading fines cause stock volatility, impacting investor trust.