RHI MAGNESITA INDIA LIMITED — JV/Acquisition, 30-01-2026: Amalgamation/Merger

RHI Magnesita India's subsidiary, RHI Magnesita India Refractories (RHIMIRL), has completed the merger of its wholly-owned subsidiary, RHI Magnesita Seven Refractories (RHIM7). This strategic move aims to consolidate their refractories business, streamline operations, enhance growth prospects, and reduce costs. RHIMIRL's FY25 turnover was Rs 873.71 Cr, and RHIM7's was Rs 127.26 Cr. No new shares will be issued as RHIM7 was wholly-owned. Shareholders of RHI Magnesita India will see no change in their shareholding pattern, but benefit from improved efficiency and a stronger consolidated business. The merger's appointed date was April 1, 2025.