Announced Tue, 30 Jun · 19:25 IST
New MD and CEO appointed, outgoing CEO to continue as Chairman
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
RHI Magnesita India: Parmod Sagar steps down as Managing Director and CEO on 30 June 2026 for personal reasons, but continues as Non-Executive Chairman. Pankaj Malhan, ex-Jindal Steel Executive Director with around 30 years of experience across steel and manufacturing, appointed as new MD and CEO from 1 July 2026 for a five year term. Azim Syed resigns as Whole-time Director but stays on as CFO. CSR Committee reconstituted accordingly.
Likely market impact
Orderly leadership change with continuity as outgoing CEO stays on as Chairman. New CEO brings three decades of steel sector experience from Jindal Steel.