The Board of Directors of RHIM Khemka MINPRO Private Limited (JV Company) approved the allotment of 9,607 equity shares of face value Re.1/- each to Khemka Refractories Private Limited on a preferential basis.
The issue price was Rs.1,990 per equity share (including premium of Rs.1,989 per share).
Total consideration amounts to Rs.1,91,17,930 (Rupees One Crore Ninety-One Lakh Seventeen Thousand Nine Hundred Thirty only).
Consideration was non-cash, comprising transfer of specified parcels of land admeasuring approximately 12.87 acres, situated at Mouza Santarapur, Tahasil Kamakhyanagar, District Dhenkanal, Odisha.
Governance Changes
The JV Company Board approved the appointment of Khemka's nominee directors on the Board of the JV Company.
Ownership Structure Impact
Effective 3 August 2026, RHIM Khemka MINPRO Private Limited became a Joint Venture/Subsidiary Company of RHI Magnesita India Limited.
Post-allotment shareholding: RHI Magnesita India Limited holds 51% and Khemka Refractories Private Limited holds 49% of the equity share capital.
