Announced Tue, 30 Jun · 19:16 IST
Parmod Sagar steps down as CEO, Pankaj Malhan takes over from July 1
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
Mr. Parmod Sagar resigned as MD and CEO of RHI Magnesita India effective 30 June 2026 for personal reasons after 13 years. He continues as Non-Executive Chairman. Mr. Pankaj Malhan, formerly with Jindal Steel, appointed as new MD and CEO for 5 years from 1 July 2026. Mr. Azim Syed resigned as Whole-time Director but continues as CFO. CSR Committee reconstituted. Same changes mirrored at material subsidiary RHIMIRL.
Likely market impact
Smooth transition with chairman continuity. New CEO brings 30 years of steel and manufacturing leadership. Watch for strategic direction shift under new management.