RHI MAGNESITA INDIA (RHIM) — Announcement

1 Announcement Neutral 📄 PDF

📢 Key Event
Regulatory approval granted for merger of Intermetal into Ashwath Technologies

💡 Investor Takeaway
The merger streamlines RHIM's structure and may improve operational efficiency, but adds governance complexity with new directors.

RHI Magnesita India announced that its wholly owned subsidiary Intermetal Engineers (India) Private Limited has received regulatory approval for the merger of Intermetal into Ashwath Technologies Private Limited, effective 1 April 2026. The merger simplifies the corporate structure, creates operational synergies, and makes Ashwath a direct subsidiary of RHIM. No cash consideration is involved; 10,000 shares of Ashwath will be issued to RHIM. The filing confirms compliance with SEBI Listing Regulations and details governance changes in Ashwath’s board.

2 Announcement Neutral 📄 PDF

📢 Key Event
RHI Magnesita India reports Q1 FY27 revenue growth and margin expansion, reaffirms capex guidance and JV investment plans.

🔄 What Changed
EBITDA margin improved to 14.5% from 10.8% YoY; JV investment announced at INR 35 crores

🔮 What's Next
FY27 volume growth guidance of 7-9%; 4PRO solution rollout; captive mining implementation

💡 Investor Takeaway
Shareholders should note margin expansion and strategic investments are driving profitability ahead of volume growth targets.

RHI Magnesita India reported strong Q1 FY27 results with revenue of INR 1,014 crores (up 9% QoQ, 6% YoY) and EBITDA margin expanding to 14.5% from 10.8% YoY, driven by pricing power and cost efficiency. The company reaffirmed FY27 capex guidance of INR 80-100 crores, including INR 35 crores for a new JV with Khemka Refractories targeting 8-10% EBITDA margins. Management highlighted captive mining plans, 4PRO solution rollout, and confidence in achieving 7-9% volume growth despite seasonal fluctuations, while noting export headwinds from geopolitical instability.

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About RHI MAGNESITA INDIA LIMITED (RHIM)

Capital Goods · Refractories · Listed on NSE

Market Cap: ₹7,619.9 Cr ROE: -8.8% ROCE: -5.7% Div Yield: 0.68%

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🔥 Also filed on 18 August 2026

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Source: Stock Announcements. Analysis by StockFin.ai. For informational purposes only — not investment advice.

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RHI MAGNESITA INDIA LIMITED (RHIM) — Announcement | 18 August 2026(2 announcements)

About RHI MAGNESITA INDIA LIMITED (RHIM)

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🔥 Also filed on 18 August 2026