In a development that signals growing consolidation within India’s ramming mass and refractory materials sector, Monolithisch India Limited has formally completed its acquisition of Mineral India Global Private Limited (MIGPL). The move, which has now been executed across all five planned tranches, brings MIGPL entirely under the Monolithisch umbrella and marks a defining moment in the company’s journey toward scale, integration and operational strength.

The acquisition had received shareholder approval earlier this month, on November 8, 2025, in compliance with Section 188 of the Companies Act, 2013, and the SEBI Listing Regulations. Two days later, on November 10, both entities signed the Share Purchase and Shareholders’ Agreement that laid out the structured, multi-stage path to the ac

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