RHI MAGNESITA INDIA LIMITED — Board Meeting, 08-08-2025: Outcome of Board Meeting

RHI Magnesita India's board has approved the financial results for the quarter ended June 30, 2025. Consolidated revenue from operations stood at ₹960.32 crore, with a profit after tax of ₹35.27 crore. The board also approved the appointment of Mr. Naresh Verma as Secretarial Auditor for a five-year term, pending shareholder approval. Furthermore, the company invested ₹2.50 crore in its subsidiary IEIPL, which recently completed the acquisition of Ashwath Technologies Private Limited for ₹14.12 crore, making Ashwath a wholly-owned step-down subsidiary. This strategic move aims to expand capabilities.