MD & CEO Parmod Sagar steps down, stays as Chairman; Pankaj Malhan named new CEO

Ceo ResignedCeo Appointed ExternalKmp ResignedManagement Changes View source PDF

RHIM · price

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▲ 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———

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AI summary

Rhi Magnesita India announced a leadership change effective July 1, 2026. MD and CEO Parmod Sagar stepped down for personal reasons after 13 years but continues as Non-Executive Chairman. Pankaj Malhan, ex-Jindal Steel executive with 30 years of experience, appointed as new MD and CEO for 5 years. Whole-time Director Azim Syed resigned from board role but stays as CFO. Similar changes in subsidiary RHI Magnesita India Refractories. CSR Committee reconstituted.

Likely market impact

Continuity assured as outgoing CEO stays as Chairman. New CEO brings strong steel and manufacturing expertise from Jindal Steel.