RHI Magnesita India Ltd has initiated a postal ballot process to seek shareholder approval for material related party transactions with RHI Magnesita GmbH. The resolutions propose entering into contracts for the sale of products, purchase of materials and raw goods, and the rendering of intercompany services for a period of three years commencing from financial year 2026-27.

Key Dates for Postal Ballot

The company has established a specific timeline for the e-voting process. The remote e-voting period is scheduled to commence at 9:00 a.m. IST on Saturday, May 23, 2026, and will conclude at 5:00 p.m. IST on Sunday, June 21, 2026. The results of the postal ballot are expected to be declared on or before June 23, 2026.

Details of Proposed Transactions

The resolutions seek approval for various transactions with RHI Magnesita GmbH, a fellow subsidiary and related party. These include the sale of products, purchase of materials and traded goods, raw materials, spares, and plant and machinery. Additionally, the company seeks approval for rendering and availing intercompany services, such as business support, R&D, and IT services, as well as the payment of royalty.

The estimated annual values for the proposed transactions vary across the financial years. For instance, the estimated annual value for the sale of products is INR 50,000 lakhs for FY 2026-27, rising to INR 75,000 lakhs by FY 2028-29. The purchase of raw materials is estimated at INR 60,000 lakhs for FY 2026-27, increasing to INR 69,984 lakhs in FY 2028-29.

Regulatory and Governance Details

Mr. Naresh Verma of M/s. Naresh Verma and Associates has been appointed as the Scrutinizer to conduct the postal ballot. The Audit Committee and the Board of Directors have reviewed and approved the proposals, determining that the transactions are in the ordinary course of business and on arm's length terms. The company has stated that these transactions will provide operational efficiencies and synergies, ensuring an integrated supply chain and optimal cost structure.

RHI Magnesita India Limited has announced the appointment of Ms. Sonu Chadha as a Non-Executive and Independent Director of its material subsidiary, RHI Magnesita India Refractories Limited (RHIM IR). The appointment is effective from May 20, 2026, pending approval from shareholders at the upcoming Annual General Meeting of RHIM IR.

Ms. Chadha is also an Independent Director on the board of rhi magnesita India Limited. The disclosure was made in accordance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Profile of the Appointee

Ms. Sonu Chadha is an entrepreneur with over 25 years of experience in managing business operations. She is the Founder Director of Impressions Services Private Limited, where she expanded the company's service footprint to over 45 cities. Additionally, she serves as a principal advisor to the founder of Cartellagroup.com, an HR technology start-up.

She is associated with the Unnayan Foundation as a Trustee, focusing on sanitation and women's dignity. Ms. Chadha holds a Bachelor of Arts degree from the University of Delhi (1992), a diploma in Interior Design from South Delhi Polytechnic (1993), and a CPSS Certification from the British Institute of Cleaning Science (2011).

Key Disclosures

The company confirmed that Ms. Chadha is not related to any existing directors. Furthermore, she is not debarred from holding the position of Director by SEBI or any other authority.