Outcome of Board Meeting

RHI MAGNESITA INDIA LTD. 19th & 20th Floor, DLF Square, M-Block, Phase II, Jacaranda Marg, DLF City, Gurugram, Haryana 122002 T +91 124 4299000 E corporate.india@rhimagnesita.com www.rhimagnesitaindia.com 25 June 2026 BSE Limited National Stock Exchange of India Limited Phiroze Jeejeebhoy Towers Exchange Plaza, Plot No. C/1, G Block, Bandra Kurla Complex, Dalal Street Bandra (East) Mumbai – 400 001, India Mumbai – 400 051, India BSE Scrip Code: 534076 NSE Symbol: RHIM Total number of pages including covering: 4 Sub: Disclosure under Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 Dear Sir/ Ma’am, In reference to regulation 30 of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 (“Listing Regulations”), We would like to inform you that the Board of Directors of RHI Magnesita India Limited (“the Company/ RHIMIN”) at its meeting held today i.e. Thursday, 25 June 2026 , has approved the following: a. To enter into a Joint Venture Agreement (“JV Agreement”) with Khemka Refractories Private Limited (“Khemka”) having registered office at Kamakhya Nagar, Dhenkanal, Odisha, India – 759018 and CIN U26922OR2003PTC007353 for the formation of a new Joint Venture Company* (“JV Company”) to accelerate circular business models and establish a greenfield refractory recycling facility in the eastern state of Odisha, India, subject to the receipt of requisite approvals under the applicable laws and fulfilment of various terms and conditions as specified in JV Agreement. b. Incorporation of a Private Limited Company under such name may be approved by Registrar of Companies. * The JV Company will initially be incorporated as a wholly owned subsidiary of RHIM while post incorporation the JV Company will issue and allot 49% shares to Khemka. The Company will furnish the requisite disclosures to the exchanges upon incorporation of the Company and other updates as and when required under Listing Regulations. The meeting of the Board of Directors of the Company concluded at 01:43 PM. The details as required under Para A and Para B of Part A of Schedule III of the Listing Regulations read with SEBI Master Circular No. SEBI/HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated 30 January 2026 are enclosed as Annexure A, Annexure B and Annexure C. This intimation is also being uploaded on the Company’s website i.e. https://www.rhimagnesitaindia.com/ . The Exchange is requested to take the same on record. You are requested to kindly take note of above and oblige. Yours Faithfully, For RHI Magnesita India Limited Sanjay Kumar Company Secretary (ICSI Membership No. -17021) Registered Office: Unit No.705, 7th Floor, Lodha Supremus, Kanjurmarg Village Road, Kanjurmarg (East), Mumbai-400042, T +91 22 49851200 CIN: L28113MH2010PLC312871 RHI MAGNESITA INDIA LTD. 19th & 20th Floor, DLF Square, M-Block, Phase II, Jacaranda Marg, DLF City, Gurugram, Haryana 122002 T +91 124 4299000 E corporate.india@rhimagnesita.com www.rhimagnesitaindia.com Annexure A Disclosure under Para A(5) of Part A of Schedule Ill to the Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 Sr. No. Details of events that need to be provided Information of such events(s) 1 Name of the party with whom the agreement Khemka Refractories Private Limited is entered into 2 Purpose of entering into the agreement To establish a Joint Venture Company (“JV Company”) to accelerate circular business models and establish a greenfield refractory recycling facility. 3 Shareholding, if any, in the entity with whom the NIL agreement is executed 4 Significant terms of agreement (in brief) special - Each party has right to appoint and replace its rights like nominee director - right to appoint directors, - Changes to capital structure, require approval - first right to share subscription in case of of shareholders issuance of shares, - Any new shares/ securities must first be - right to restrict any change in capital structure offered to existing shareholders etc. 5 Whether the said parties are related to promoter/ RHIM and Khemka are independent entities and promoter group/ group companies in any manner. are not part of the same promoter group If yes, nature of relationship 6 Whether the transaction would fall within Related The transaction does not fall within the purview Party Transactions? If yes, whether the same is of Related Party Transaction for the Company. done at “arm’s length”? Post subscription by the Company, the JV Company will become a subsidiary company of the Company and will be considered as a related party of the same. 7 In case of issuance of shares to the parties, details The JV Company will initially be incorporated as of issue price and the class of shares issued. a wholly owned subsidiary of RHIM, after incorporation, the JV Company will issue and allot 49% shares to Khemka. 8 Any other disclosures related to such agreements, Not Applicable viz., - details of nominee on the Board of Directors of the listed entity, - potential conflict of interest arising out of such agreements, etc. 9 In case of termination or amendment of Not Applicable agreement, listed entity shall disclose following additional details to the stock exchanges: - Name of parties to the agreement; - Nature of the agreement; - Date of execution of the agreement; - Details of amendment and impact thereof or reasons of termination and impact thereof. Registered Office: Unit No.705, 7th Floor, Lodha Supremus, Kanjurmarg Village Road, Kanjurmarg (East), Mumbai-400042, T +91 22 49851200 CIN: L28113MH2010PLC312871 RHI MAGNESITA INDIA LTD. 19th & 20th Floor, DLF Square, M-Block, Phase II, Jacaranda Marg, DLF City, Gurugram, Haryana 122002 T +91 124 4299000 E corporate.india@rhimagnesita.com www.rhimagnesitaindia.com Annexure B Disclosure under Para B(2) of Part A of Schedule Ill to the Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 Sr. No. Particulars Details 1 Name of the entity(ies) with whom agreement/ Khemka Refractories Private Limited JV is signed 2 Area of agreement/ JV To establish a Joint Venture Company (“JV Company”) to accelerate circular business models and establish a greenfield refractory recycling facility. 3 Domestic/ International Domestic 4 Share JV ratio RHIM - 51% Khemka - 49% 5 Scope of business operation of agreement/ JV Refer response to point no. 2 & 3 of this Annexure 6 Details of consideration paid/ received in No consideration is paid or received by either party agreement/ JV in connection with the Joint Venture Agreement. 7 Significant terms and conditions of agreement Refer response to point no. 4 of Annexure A / JV in brief. 8 Whether the acquisition would fall within The transaction would not fall into a related party related party transactions and whether the transaction. promoter/ promoter group/ group companies have any interest in the entity being acquired? Promoter/ Promoter Group/ Group Companies If yes, nature of interest and details thereof and have nil interest in the new entity. However, post whether the same is done at "arm's length" the incorporation the new entity will become listed entity, potential conflict of interest subsidiary company of the Company so would be arising out of such agreements, etc. a related party of the Company. 9 Size of the entity(ies) RHIM is the leading manufacturer and supplier of high-grade refractory products, systems and solutions with consolidated turnover of Rs. 4,01,994.50 lakhs during 2025-26. Khemka Refractories Private Limited (KRPL) is a manufacturer of refractory products, raw materials trading and secondary raw material processing with consolidated turnover of Rs. 48,725.77 Lakhs during 2025-26. 10 Rationale and benefit expected The JV Company will combine RHIM 's global expertise in refractory recycling and Khemka's long-standing regional presence and supplier [Showing first 8,000 characters — download PDF for full document]