RHI Magnesita India has completed the merger of its wholly-owned subsidiary, RHI Magnesita Seven Refractories Limited, into RHI Magnesita India Refractories Limited, another wholly-owned subsidiary. The merger, effective from April 1, 2025, aims to consolidate the refractories business, streamline operations, and enhance value for stakeholders. The confirmation order for the merger was received on January 30, 2026.
Merger Completion Announcement
RHI Magnesita India Limited has announced the successful completion of the merger between RHI Magnesita Seven Refractories Limited (RHIM7) and RHI Magnesita India Refractories Limited (RHIMIRL). Both entities are wholly-owned subsidiaries of RHI Magnesita India Limited.
Effective Date and Rationale
The merger is effective as of April 1, 2025. The primary goal is to consolidate the refractories business under one entity, creating a stronger, more efficient operation. The company anticipates several benefits including streamlined management, reduced costs, and improved strategic resource allocation.
Expected Benefits
The company highlights several key advantages from this merger:
- Consolidation of the refractories business.
- Reduced overhead and administrative costs.
- Better management control and streamlined business operations.
- Creation of a stronger base for future growth and increased competitive advantage.
Financial Details and Impact
The turnover for RHI Magnesita India Refractories Limited was Rs. 87,370.72 Lakh for the year ended March 31, 2025, while that of RHI Magnesita Seven Refractories Limited was Rs. 12,726.25 Lakh. As the merger involves wholly-owned subsidiaries, there will be no change in the shareholding pattern of RHI Magnesita India Limited.
Source: BSE
