Announcement under Regulation 30 (LODR)-Scheme of Arrangement

• Security Code: 534076
• Company: RHIM

Subject: Update on material development in relation to the scheme of amalgamation of RHI India Private Limited (RHI India), RHI Clasil Private Limited (RHI Clasil) with and into Orient Refractories Limited (the Company or the Transferee Company) (Scheme) under regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 (the Listing Regulations)

Reference: Observation letters dated 12 October 2018 received from National Stock Exchange of India Limited and BSE Limited granting their in-principle approval to the proposed Scheme under regulation 37 of the Listing Regulations (the Observation Letters)

The Company would like to bring it to your kind attention that pursuant to receipt of the above-referenced Observation Letters:

1) the draft Scheme of amalgamation has been suitable modified in order to include the disclosures mandated by the stock exchanges in the Observation Letters. The revised draft Scheme is annexed hereto, for your information.

2) RHI India, RHI Clasil and the Company have, on 16 November 2018, filed a joint application with the National Company Law Tribunal, Mumbai bench for directions to conduct the necessary meetings of shareholders and creditors (if required) of the companies for approval of the Scheme.