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📋 Filing Types Available on ForgeUp Filings Sourced from BSE corporate announcements (equity segment). Companies covered are BSE-listed and most are also listed on NSE. We show only material filings.
Financial Results Orders Dividend Buyback Merger / Acquisition Board Meeting Outcome Fundraise (QIP / Rights / FPO) Regulatory / Court Order Credit Rating Change Promoter Pledge Update Management Change Joint Venture / MOU Delisting Bonus Shares Stock Split
Data sourced from BSE India corporate announcements. More categories will be added over time.
Rhi Magnesita India Ltd
RHI Magnesita India Approves Joint Venture with Khemka Refractories for Recycling Facility
JV / MOU ▲ Positive Development MEDIUM RISK
📅 Filed on BSE: 25 Jun 2026, 02:08 PM IST  ·  BSE ID: 465bc3db-b828-4683-8c8c-ef250de44f4a
View Original BSE Filing (PDF)
💡
In Simple Terms
The company is partnering with another firm to build a facility that recycles old materials for reuse.
🤖 AI Summary
  • Board approved Joint Venture Agreement with Khemka Refractories for recycling facility.
  • New JV Company to be incorporated to accelerate circular business models in Odisha.
  • JV Company will initially be a wholly owned subsidiary of RHIMIN.
  • Khemka Refractories Private Limited will issue and allot 49% shares post-incorporation.
🏢 How This Affects the Company
📈
Business Impact
This joint venture aims to establish a greenfield refractory recycling facility, enhancing circular economy initiatives within the company's operations in India.
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Financial Impact
The JV's financial structure involves initial wholly-owned subsidiary status, followed by a 49% share allotment to Khemka, impacting future capital requirements and profit sharing.
⚙️
Operational Impact
A new refractory recycling facility will be established in Odisha, requiring new operational processes and integration into the company's supply chain.
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Risk Impact
The JV introduces partner-related risks, regulatory approval dependencies, and execution risks associated with establishing a new greenfield facility.
👥 What This Means For Shareholders
✅
Action Required
No immediate action is required from shareholders.
👤
Who Is Affected
All shareholders are affected by management's strategic decision to expand into circular economy business models.
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Management Signal
This decision signals management's commitment to exploring sustainable business practices and new operational avenues.

For information only. Not investment advice. ForgeUp is not SEBI-registered.

👁 Watch List — track these upcoming events
Notification on JV Company incorporation.
Details on regulatory approvals for the JV.
Updates on the greenfield facility construction timeline.
MEDIUM RISK Execution risk for greenfield project and dependence on regulatory approvals.
💡 Investor Takeaway
RHI Magnesita India's board approved a JV with Khemka Refractories for a recycling facility in Odisha. The JV will become 51% owned by RHIMIN post-Khemka's 49% share acquisition.
⚖️ Strengths & Concerns

✅ Positives

  • Focus on circular business models aligns with sustainability trends.
  • Establishes a greenfield refractory recycling facility in eastern India.
❓ Frequently Asked Questions
What is RHI Magnesita India's board approved regarding Khemka Refractories?
The board approved entering into a Joint Venture Agreement with Khemka Refractories Private Limited for a refractory recycling facility.
Where will the new joint venture facility be located?
The new joint venture refractory recycling facility will be established in the eastern state of Odisha, India.
What will be the shareholding structure of the new JV Company?
The JV Company will initially be a wholly owned subsidiary of RHIMIN, and post-incorporation, Khemka will be issued and allotted 49% shares.

Questions based on this BSE filing only. For information purposes.

⚠️ For Information Only — Not Investment Advice
ForgeUp Filings provides AI-generated summaries of public BSE exchange announcements (equity segment) for informational purposes only. Nothing here constitutes investment advice or a recommendation to buy, sell, or hold any security. ForgeUp is not a SEBI-registered investment advisor. All financial numbers are sourced directly from BSE filings and shown as-is. Past data is historical only. Please consult a qualified financial advisor before making investment decisions. Data sourced from BSE India public disclosures.
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