RHIM Khemka MINPRO becomes JV subsidiary; RHIM holds 51%, Khemka 49%

Marquee JV announcedStrategic 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

-0.8%Reaction day

₹411.10

prior close

₹415.75

announcement price

After-mkt

timing

Nifty Smallcap 250market+0.2%-0.9% vs market

Electrodes & Refractories peers, median of 10sector+2.0%-2.8% vs sector

On the reaction day the stock moved 0.9 pts less than Nifty Smallcap 250 and 2.8 pts less 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

-1.3

10m

-0.9

15m

-1.3

30m

-0.8

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-0.8+0.2-0.9+2.0-2.8

Next day

-0.5+0.9-1.3+2.2-2.6

-0.3+1.1-1.3+1.8-2.1

+0.7+1.0-0.4+1.6-1.0

+3.1+1.0+2.2+3.8-0.6

+1.0+1.2-0.2+3.4-2.4

-4.7+1.1-5.8+2.5-7.2

15d

-10.0+1.0-11.0+4.1-14.1

-9.6+1.7-11.4+3.4-13.1

-9.4-2.8-6.6-7.1-2.3

—————

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 informed that RHIM Khemka MINPRO Private Limited is now its JV or subsidiary with effect from 3 August 2026. RHIM holds 51 percent and Khemka holds 49 percent. Khemka was allotted 9,607 equity shares at Rs.1,990 each (total about Rs.1.91 crore) on a preferential basis for non-cash consideration, being about 12.87 acres of land in Odisha. This follows the JV agreement disclosed earlier in June and July 2026.

Likely market impact

Strategic land asset added via JV in Odisha. Limited immediate financial impact given small consideration, but extends RHI Magnesita India operations.