Announced Tue, 30 Jun · 19:29 IST
CEO transition at RHI Magnesita India; Pankaj Malhan to take over from 1 July
RHIM · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Price reaction · full curve 14 horizons · vs prior close
+8.7%1-day move
₹367.00
prior close
₹382.15
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
-2.0-5.1-4.1-5.9+8.7+4.4+4.1+4.4+6.9+15.0+8.8———
Up moveDown movePending
AI summary
Parmod Sagar steps down as MD and CEO of RHI Magnesita India on 30 June 2026 for personal reasons, but stays on as Non-Executive Chairman. Pankaj Malhan, formerly with Jindal Steel, is appointed as new MD and CEO from 1 July for 5 years, bringing 30 years of experience in steel and manufacturing. Whole-time Director Azim Syed also resigns from the board but continues as CFO. Similar leadership change at material subsidiary RHIMIRL.
Likely market impact
Planned CEO transition with continuity: outgoing chief stays as Chairman, experienced external leader from Jindal Steel takes charge as new CEO.