RHI MAGNESITA INDIA LTD has informed the Exchange regarding 'Update on Acquistion'.

Listed-company acquisitionStrategic Transactions View source PDF Explain this filing

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

+2.8%Reaction day

₹509.45

prior close

₹512.70

announcement price

After-mkt

timing

Nifty Smallcap 250market · index membership as recorded later (tracked since Jun 2026)+1.0%+1.8% vs market

Electrodes & Refractories peers, median of 10sector+0.0%+2.7% vs sector

On the reaction day the stock moved 1.8 pts more than Nifty Smallcap 250 and 2.7 pts more than 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

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10m

-0.5

15m

+0.5

30m

-0.7

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

+2.8+1.0+1.8+0.0+2.7

Next day

+3.1+0.7+2.4+0.9+2.2

-1.8-0.6-1.2+0.5-2.3

-1.9-0.7-1.2-0.8-1.1

-2.8-1.9-0.9-1.4-1.5

-3.8-1.5-2.4-2.1-1.7

-2.8-0.8-2.0+0.3-3.1

15d

-7.4-0.7-6.6-0.2-7.1

-7.3+0.0-7.3-0.5-6.8

-13.6+1.0-14.6+3.6-17.2

-6.3+2.7-9.0+3.1-9.4

UpDownMarket · Nifty Smallcap 250Sector · Electrodes & Refractories peers, median of 10Pending

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

AI summary

RHI Magnesita India has completed the acquisition of 100% shareholding in Ashwath Technologies Private Limited through its wholly owned subsidiary Intermetal Engineers (India) on August 1, 2025. The total consideration paid was ₹14.12 crore (₹14,11,88,690), after adjustment from the originally agreed ₹14 crore. The Share Purchase Agreement was first signed on March 4, 2025, and all closing conditions have now been met. With this completion, Ashwath has become a step-down subsidiary of RHI Magnesita India. Ashwath had 10,000 equity shares of ₹10 face value, all of which have been acquired.

Likely market impact

This is a small bolt-on acquisition (₹14.12 crore) completed through a subsidiary, so the direct financial impact on RHI Magnesita India is limited. The deal expands the group's subsidiary structure but is unlikely to materially move the stock price on its own. Investors may view it as a minor inorganic growth step.