amended from time to time, we wish to inform you that the Board of Directors ('Board') of RHI Magnesita India Limited (the 'Company), at its meeting held today i.e. April 1, 2023, has approved proposal for raising of funds by way of issuance of such number of equity shares having face value ?1 each ('Equity Shares') aggregating up to ? 200 Crore (Rupees Two Hundred Crore Only) on a preferential basis ('Preferential Issue'), to M/s. Dutch US Holding B.V., a promoter of the Company in accordance the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018, as amended ('SEBI ICDR Regulations') and other applicable laws, at such price as will be determined in accordance with the SEBI ICDR Regulations and other applicable regulation, if any, and subject to the approval of regulatory / statutory authorities, as applicable, and the approval of shareholders of the Company. The meeting commenced at 10:00 AM (IST) and concluded at 10:45 A.M (IST).