RHI Magnesita India : Agreements/Contracts/Arrangements/ MOU's PARA B

19 October 2022

To,

To,

National Stock Exchange of India Limited,

BSE Limited,

Compliance Department,

Compliance Department,

Exchange Plaza, Bandra Kurla Complex,

Phiroze Jeejeebhoy Towers,

Bandra (East), Mumbai - 400 051,

Dalal Street, Mumbai-400 001,

Maharashtra, India

Maharashtra, India

Stock Code: RHIM

Stock Code: S34076

Dear Sir/ Madam,

Subject:

Intimation regarding execution of Business Transfer Agreement ("BTA") by RHI Magnesita

India Limited ("the Company" or "RHIM").

Reference:

Regulation 30 (3) and (4)

of SEBI (listing Obligations and Disclosure Requirements)

Regulations, 2015

We wish to inform you that the Company has executed a BTA with Hi-Tech Chemicals Limited ("Hi-Tech")

vide agreement dated 18 October 2022 for acquisition of the refractory business of Hi-Tech by way of a

slump sale on a going concern basis for a cash consideration of INR 621 Crores (Indian Rupees Six Hundred

Twenty One Crores Only).

The disclosures pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements)

Regulations, 2015, is attached as per 'Annexure A'.

This is for your information and record.

Yours faithfully,

For RHI Magnesita IndiaLimited

�

Sanjay Kumar

Company Secretary

Membership no. A17021

Encls: as above