Date: 26-09-2026

Disinvestment / Strategic Actions

A new joint venture company named RPEL TRLK SILICATECH PRIVATE LIMITED has been incorporated under the Companies Act, 2013 in the state of Odisha.

This incorporation is pursuant to a Joint Venture Agreement (JVA) between Raghav Productivity Enhancers Limited (RPEL) and TRL Krosaki Refractories Limited (TRLK), which was approved in a Board Meeting dated 4th September 2026.

Key Details of the Joint Venture:

  • Name of Entity: RPEL TRLK Silicatech Private Limited
  • Industry: Silica Ramming Mass and other refractories
  • Business Object: The entity will be engaged in the development, manufacturing, sales, and distribution of silica ramming mass.
  • Date of Incorporation: 25th September 2026
  • Geographic Presence: Odisha, India
  • Current Turnover: Nil (Not applicable for last 3 years)

Financial and Ownership Structure:

  • RPEL's Shareholding: 80%
  • Consideration Type: Cash
  • Share Subscription Price: Shares subscribed at face value of ₹10 per share.
  • Indicative Completion Time: The acquisition/incorporation process is to be completed within 60 days from the date of incorporation (25th September 2026).

Related Party Transaction Status:

The incorporated JV company is classified as a related party of Raghav Productivity Enhancers Limited. This is because:

  • RPEL holds a substantial interest in the Joint Venture Company.
  • RPEL and the Joint Venture Company have common directors.
  • The Promoter/promoter group companies have no other interest in the transaction.

Regulatory Approvals:

The annexure states that no governmental or regulatory approvals are required for this incorporation, as indicated by a dash (-) in the corresponding field.

Other Operational / Legal / Strategic Disclosures

This intimation is made in accordance with:

  • Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
  • SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026.

Neha Rathi, Company Secretary (Membership No.: A38807), signed the disclosure on 26th September 2026 at 16:29:26.