Key Event Details
RHI Magnesita India Limited announced that RHIM KHEMKA MINPRO PRIVATE LIMITED, previously described as a Joint Venture Company in the earlier intimation, has been formally incorporated. The Certificate of Incorporation was issued by the Ministry of Corporate Affairs, Government of India, on 16 July 2026.
Entity Information
The incorporated entity, RHIM KHEMKA MINPRO PRIVATE LIMITED, is an Indian company incorporated on 16 July 2026. The holding company is RHI Magnesita India Limited (RHIM), and the entity operates in the refractories industry.
Business Activities
The newly incorporated entity will bundle industrial minerals and conduct refractory recycling activities.
Regulatory Approvals
No governmental or regulatory approvals were required for the incorporation of this entity.
Ownership and Capital Structure
RHI Magnesita India Limited subscribed to 10,000 equity shares of ₹1 each for cash consideration, representing 100% ownership at incorporation. The disclosure indicates that Khemka will subscribe to 49% shareholding in a subsequent step.
Financial Details
The subscription price was ₹1 per share, with RHIM paying ₹10,000 total for the 10,000 shares. The financial impact of this transaction is not quantified beyond the initial share subscription amount.
Additional Information
This intimation has been uploaded on the company's website at https://www.rhimagnesitaindia.com/.
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