Monolithisch India's Board has approved a Rs. 5 Cr investment in its subsidiary, Metalurgica India Private Limited, through a rights issue.

This cash infusion will fund the subsidiary's development, including land acquisition, factory construction, and machinery installation for its operations in the refractory industry.

Metalurgica is currently pre-revenue.

This strategic move aims to expand future business capabilities, with completion expected within 30 days.

No change in control or related party transaction involved.