Raghav Productivity Enhancers Invests ₹80,000 in New JV Entity

Raghav Productivity Enhancers Limited (RPEL) has acquired 8,000 equity shares, representing 80% of the shareholding, in its newly incorporated joint venture company, RPEL TRLK Silicatech Private Limited. The investment amounts to ₹80,000 (Rupees Eighty Thousand only) at a face value of ₹10 per share. This new entity, established in collaboration with TRL Krosaki Refractories Limited, will be engaged in the development, manufacturing, sales, and distribution of silica ramming mass and other refractories. The incorporation follows a Joint Venture Agreement and is considered a related party transaction due to common directors. The company's turnover is currently nil, with operations based in Odisha, India.