Nature of the Disclosure

Regulatory intimation under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 regarding the acquisition of shares in a joint venture entity.

Key Quantitative Figures

  • Acquisition Amount: ₹80,000 (Rupees Eighty Thousand only)
  • Number of Shares Acquired: 8,000 equity shares
  • Face Value per Share: ₹10
  • Percentage Shareholding Acquired: 80%

Parties Involved

  • Acquiring Company: Raghav Productivity Enhancers Limited (RPEL)
  • Target Entity: RPEL TRLK Silicatech Private Limited
  • Joint Venture Partner: TRL Krosaki Refractories Limited (TRLK)

Purpose and Rationale

The acquisition is pursuant to a Joint Venture Agreement between RPEL and TRLK. The incorporated entity shall be engaged in the development, manufacturing, sales and distribution of silica ramming mass and other refractories.

Related Party Transaction Status

The transaction constitutes a related party transaction because:

  • RPEL holds a substantial interest in the Joint Venture Company
  • RPEL and the Joint Venture Company have common directors
  • The incorporated company shall be a related party of RPEL

The transaction is stated to be at arm's length, and except as mentioned, the Promoter/promoter group companies are not interested in the transaction.

Company Background

  • Entity Name: RPEL TRLK Silicatech Private Limited
  • Industry: Silica Ramming Mass and other refractories
  • Location: Odisha, India
  • Date of Incorporation: 25/09/2026
  • Turnover: Nil (new entity)
  • Last 3 years turnover: Not Applicable

Transaction Details

  • Nature of Consideration: Cash
  • Consideration Amount: ₹80,000 for 8,000 shares at face value of ₹10 per share
  • Payment Status: Subscription money transferred to bank account of RPEL TRLK Silicatech Private Limited on 28th October, 2026
  • Share Credit: Shares will be credited to respective demat accounts in due course

Additional Information

  • No governmental or regulatory approvals required for the acquisition/incorporation
  • The transaction is complete with the payment made on 28th October, 2026

#Tags: #RaghavProductivityEnhancers #JVAcquisition #SEBIRegulation30 #RelatedPartyTransaction #RefractoriesBusiness