Pursuant to Regulation 30 read with Schedule III of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 ('Listing Regulations'), we hereby notify the Stock Exchanges that Intermetal Engineers (India) Private Limited ('Intermetal/ Transferor Company') which is wholly owned subsidiary of RHI Magnesita India Limited and Ashwath Technologies Private Limited ('Ashwath/ Transferee Company') which is wholly owned subsidiary of Intermetal in their respective board meetings held today i.e. 22 May 2026 have considered and approved the scheme of Merger of Intermetal with and into Ashwath under the provisions of Section 233 of the Companies Act, 2013 and the rules made thereunder.