Merger of Intermetal into Ashwath Technologies becomes effective

Scheme filed with the NCLTStrategic Transactions View source PDF Explain this filing

RHIM · price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reactionminutes from the announcement price · days from the prior close

-1.4%Reaction day

₹380.50

prior close

₹381.80

announcement price

After-mkt

timing

Nifty Smallcap 250market-0.6%-0.8% vs market

Electrodes & Refractories peers, median of 9sector-1.5%+0.0% vs sector

On the reaction day the stock moved 0.8 pts less than Nifty Smallcap 250 and in line with its Electrodes & Refractories peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

-1.3

10m

-1.3

15m

-1.4

30m

-1.7

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-1.4-0.6-0.8-1.5+0.0

Next day

-1.5-0.0-1.5-0.2-1.3

-1.4+0.4-1.8-1.6+0.2

-1.5+0.2-1.6-1.4-0.1

-2.7+0.0-2.7-0.8-1.9

-2.8+0.6-3.4-2.3-0.5

-3.1+0.8-3.9-1.9-1.2

15d

-1.1+0.5-1.5-0.9-0.2

-3.3-0.4-2.9-3.2-0.1

-4.8-5.0+0.2-6.3+1.6

—————

UpDownMarket · Nifty Smallcap 250Sector · Electrodes & Refractories peers, median of 9Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

Wholly owned subsidiary Intermetal Engineers has merged into Ashwath Technologies, its step-down subsidiary, with the scheme now effective from 18 Aug 2026 (appointed date 1 April 2026). Regional Director approved the merger. Ashwath becomes direct wholly owned subsidiary of RHI Magnesita India. No cash consideration; 10,000 shares of Rs 10 each issued. Intermetal FY26 turnover Rs 547.44 lakh, Ashwath Rs 1,737.68 lakh. Move simplifies corporate structure and cuts compliance costs.

Likely market impact

Internal restructuring between wholly owned subsidiaries; no change in shareholder ownership of RHI Magnesita India. Expected to cut compliance and admin costs.