“This acquisition marks an important step in our growth strategy. MIGPL’s strong market relationships and operational capabilities align perfectly with our vision of building a unified, scalable, and more efficient business. By bringing the entire ramming mass portfolio under one roof, we are not only strengthening our manufacturing footprint but also enhancing our ability to serve customers with greater agility and consistency.” Harsh Tekriwal, Managing Director, Monolithisch India Limited
Monolithisch India Limited (“Monolithisch”), a leading player in ramming mass and refractory solutions, has recently announced the completion of its acquisition of Mineral India Global Private Limited (MIGPL), making it a wholly owned subsidiary of the Company.
This follows the shareholder approval received on 8th November 2025, in line with Section 188 of the Companies Act, 2013, and the SEBI Listing Regulations. A Share Purchase and Shareholders’ Agreement, executed on 10 November 2025, outlined the five-tranche acquisition structure — all of which have now been completed.
With the integration of MIGPL, Monolithisch’s total installed capacity increases to 2,63,600 TPA, strengthening its production capability and further consolidating the Mineral Group’s ramming mass business under a single entity. MIGPL reported a turnover of ₹49.39 crore and a PAT of ₹6.30 crore in the last financial year and enjoys a strong customer presence across Chhattisgarh and central India.
Speaking on the acquisition, Harsh Tekriwal, Managing Director of Monolithisch India Limited, said: “This acquisition marks an important step in our growth strategy. MIGPL’s strong market relationships and operational capabilities align perfectly with our vision of building a unified, scalable, and more efficient business. By bringing the entire ramming mass portfolio under one roof, we are not only strengthening our manufacturing footprint but also enhancing our ability to serve customers with greater agility and consistency.”
The acquisition is expected to accelerate operational efficiencies, deepen market penetration, and unlock cost and supply chain synergies for the Company. Monolithisch India Limited continues to focus on capacity expansion, customer-centric innovation, and sustainable value creation for all stakeholders.
