<h1>Rhi Magnesita India Intends Auditor Alignment with RHI Magnesita N.V.</h1>
Rhi Magnesita India Ltd has indicated an intention regarding the statutory auditor for the company and its subsidiary, RHI Magnesita India Refractories Limited (RHIMIRL). The move is focused on aligning the statutory auditor with the ultimate holding company, RHI Magnesita N.V.
This update pertains to Price Waterhouse Chartered Accountant LLP, who currently serves as the Statutory Auditor for both Rhi Magnesita India and RHIMIRL.
The intended realignment of the statutory audit function is subject to the requisite approval from the Audit Committee and the Board of Directors of both respective companies.
Management has stated that detailed disclosures will be provided once the company receives the signed resignation letters from the Statutory Auditor.
RHIM Stock Price Movement
As of 2:47 PM, shares of RHI MAGNESITA INDIA LIMITED gain traction in live trading, edging up a dynamic 2.96% to trade at ₹425 after the stock gained ₹12.20. This movement is supported by brisk market activity, with over 1.44 million shares having changed hands during the current session.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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