Raghav Productivity Enhancers has extended its scheduled investor and analyst meet from one day to three days. The non-deal roadshow will now run from September 10 to September 12, 2026, in Mumbai.

The company issued the intimation on September 7, 2026, under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Officials confirmed that no Unpublished Price Sensitive Information (UPSI) will be discussed during the interactions.

Updated Meeting Schedule

The physical meetings are scheduled for institutional investors, mutual funds, PMS, family offices, and other investors. The original single-day event on September 10 has been expanded to include Friday and Saturday as well.

Leadership Participation

Key representatives attending the meet include:

• Sanjay Kabra, Chairman
• Rajesh Kabra, Managing Director
• Raghav Kabra, Chief Operating & Innovation Officer

Entry is restricted to official invitees only. The company noted that changes to the schedule may occur due to exigencies on the part of investors or the company.

Raghav Productivity Enhancers has entered into a joint venture with TRL Krosaki Refractories Limited to establish a 350,000 MTPA silica ramming mass manufacturing unit in Odisha. The Board approved the deal on September 4, 2026, with an initial outlay of approximately ₹100 crore.

Joint venture structure

The partnership creates a new joint venture company with Raghav Productivity Enhancers holding an 80% stake and TRL Krosaki holding 20%. Both parties will contribute capital in their respective ratios. The board of the new entity will comprise three members: two from Raghav Productivity Enhancers and one from TRL Krosaki.

Strategic rationale and growth targets

The JV aims to combine Raghav Productivity Enhancers' brand and manufacturing capabilities with TRL Krosaki's raw material resources to strengthen presence in East India. The region holds 45% of India's induction furnace capacity, making it the largest demand cluster. Proximity to this cluster is expected to reduce delivery time and landed costs.

Sanjay Kabra, Chairman of Raghav Productivity Enhancers, stated the partnership supports the company's ambition to reach 1 Mn MTPA capacity and achieve 30% domestic market share. Prasant Kumar Naik, Managing Director of TRL Krosaki, noted the project would unlock value from mineral resources and support industrial development in Jharsuguda.

Operational roles and technology

Raghav Productivity Enhancers will utilize its patented silica processing technology for manufacturing and sales, targeting primarily the East India market. TRL Krosaki will supply quartzite stone, a key raw material, from its mines in Chhuinpali Village, Odisha, under a long-term exclusive supply agreement. Raghav Productivity Enhancers will also receive a royalty for the use of its intellectual property.

Company profiles and rationale

Raghav Productivity Enhancers is the world's largest manufacturer of silica ramming mass, reporting a consolidated turnover of ₹257 crore in FY25-26. It has a group capacity of 534,000 MTPA at its plants in Newai, Rajasthan, serving customers across 26 states in India and 40+ countries. TRL Krosaki, a subsidiary of Japan-based Krosaki Harima Corporation and step-down subsidiary of Nippon Steel Corporation, reported a consolidated turnover of ₹2,880 crore in FY25-26. It operates one of India's largest quartzite mines in Odisha.

Related party disclosure

Hemant Madhusudan Nerurkar, an independent director at Raghav Productivity Enhancers, is also a non-executive director at TRL Krosaki. The company stated there is no other relationship between the parties and that the transaction was conducted at arm's length.

Source: https://lodr-files.dhan.co/lodr-inputs/Company/INE912T01018/f879dd88-3b2d-4384-b6f7-14a902c2d553.pdf