Raghav Productivity Enhancers Ltd

Raghav Productivity Enhancers Ltd — Trading window closed from 01 October 2026 for Un-audited Standalone & Consolidated Financial Results for quarter/half-year ended 30 September 2026; trading window will reopen 48 hours after the declaration of above information to the stock exchanges.

Meeting Details

• Date: 30 Sep 2026; Type/Mode: Investor/analyst Plant Visit (physical); Organizer: White Oak Capital; Location: Newai plant.

Participants

• Key company participants: Management (senior executives).

Purpose

• Purpose: Investor/analyst plant visit to review operations.

Joint venture incorporation

• New JV named RPEL TRLK Silicatech Private Limited incorporated in Odisha.
• JV formed under JVA between RPEL and TRLK, with board meeting held on 4 September 2026.
• RPEL to hold 80% equity in the JV.
• Shares to be subscribed at face value of Rs 10 per share.
• JV turnover is Nil.
• Business lines include silica ramming mass and other refractories.
• Incorporated in Odisha, India.
• Completion envisaged within 60 days of incorporation (by 25 September 2026).
• No government or regulatory approvals required for incorporation.
• JV is a related party to RPEL due to common directors.

Patents granted

• Patents granted to Raghav Productivity Solutions Private Limited, a wholly owned subsidiary of Raghav Productivity Enhancers Limited.
• Patent 602391 titled Precision Automated PLC Weighing & Batching System.
• Patent 602372 titled Method and system for production of Ramming Mass from Quartz Fine.
• Term: 20 years from filing date, i.e., commencing Dec 13, 2025; expiry Dec 13, 2045.
• Patents relate to quartz processing for silica ramming mass and related applications.
• Intimation date: 14 September 2026.

Patents granted to subsidiary

• Wholly owned subsidiary Raghav Productivity Solutions Private Limited has been granted two Indian patents.
• Patent Nos. 601884 and 601973 were granted in September 2026.
• Patents are titled 'A system for the automated production of ramming mass from quartzite boulders'.
• Patents are titled 'Silo-Level Interlock System for a Ramming-Mass production plant'.
• Patents have a 20-year term from the filing date of December 13, 2025.
• The inventions relate to quartz processing for silica ramming mass applications.
• Intimation to BSE/NSE was dated September 11, 2026.
• Raghav Productivity Enhancers Limited wholly owns the subsidiary.
• No stated financial impact or capex in disclosure.

Business overview

• Shifted from ramming mass seller to furnace productivity enhancer.
• Tailor-made mixes per plant; global footprint in 40+ countries and 27 Indian states.
• Pricing linked to productivity gains; higher-margin, value-added offerings.

Operational highlights

• Current group capacity 4.14 lakh MTPA; expansion to 5.34 lakh by Oct 2026.
• 80:20 Nippon Steel subsidiary JV for East India; RPEL to receive royalty on tech.
• Odisha JV and multi-location manufacturing to shorten lead times.
• 350,000 MTPA capacity unlocked in largest demand cluster.
• Two West plants by 2026; additional East plant by 2031.
• Foundries network exceeds 50,000; tundish mass life ~10x; tundish mass product line.

Strategic priorities & outlook

• RPEL 2.0 centers on Odisha JV, multi-location plants, and R&D in high-purity silica.
• Target 1 million MTPA RM capacity by 2031; advance silica value chain to higher grades.
• Expand tundish mass and foundry offerings to serve EAF and induction furnaces.

Governance & leadership

• Sanjay Kabra: promoter, chairman; Raghav Kabra: CEO; Rajesh Kabra: MD.
• Bharat Tank: President, Sales; 35+ years in steel industry.
• Independent directors: Hemant M. Nerurkar, Govind Saboo, Amar Lal Daultani, Rajni Sekhri Sibal.
• Advisory Board: Jan W. Kjellberg (Sweden); Graham Cooper (Australia).

Rating action details

• Agency: CRISIL Ratings Ltd.
• Facility: Long Term Bank Facilities of Rs 15 crore.
• Action: Long-term rating upgraded to Crisil A/Stable from Crisil A-/Positive.
• Outlook: Stable; prior outlook was Positive.
• Material change: Upgrade of long-term rating; outlook changed.
• Rationale: not disclosed in this document.

Meeting Details

• Date: 11 September 2026, Friday; Time: not specified.
• Event: Non-Deal Roadshow.
• Mode: Physical; Location: Mumbai.

Participants

• Participants: Company officials to meet institutional investors.

Purpose

• Purpose: Investor/analyst interaction with company officials.

JV announcement

• RPEL and TRL Krosaki announce a JV for a 350,000 MTPA silica ramming mass plant in Odisha.

Investment & capacity

• Initial investment of ₹100 crore for the Odisha facility.
• Group capacity stands at 534,000 MTPA; JV targets 350,000 MTPA.
• Long-term ambition: reach 1 Mn MTPA and 30% domestic share.

Strategic implications

• Exclusive access to TRL Krosaki quartzite mines secures raw material.
• Near East India consumption centers to enable faster deliveries.
• Strengthens manufacturing footprint and supply chain readiness.
• JV aligns with broader capacity expansion objective to 1 Mn MTPA.

Patent grant details

• Subsidiary: Raghav Productivity Solutions Private Limited, wholly owned by the parent.
• Patent No. 599871 granted on Aug 20, 2026.
• Invention title: Time-Sequenced Feed Protocol for Homogeneous Ramming Mass Production.
• Term: 20 years from filing date December 13, 2025.
• Relates to quartz processing for silica ramming mass applications.
• No investment amount or revenue impact disclosed.
• Patents granted by the Patent Office, Government of India.