Rhi Magnesita India Ltd

RHI Magnesita India Streamlines Structure with Merger of Subsidiaries 🔄

- Merger approved under Section 233 of the Companies Act, 2013, effective 01 April 2026.

- Intermetal Engineers reported Rs. 547.44 lakhs turnover (FY 2026); Ashwath Technologies reported Rs. 1,737.68 lakhs.

- Goal: Simplify corporate structure, streamline management, reduce costs, and consolidate assets/liabilities.

- 10,000 equity shares of Ashwath Technologies (Rs. 10 face value) issued to RHI Magnesita India & nominee.

- Post-merger, Ashwath Technologies becomes 100% wholly owned subsidiary of RHI Magnesita India.

- Exempt from SEBI & MCA related-party transaction regulations.