RHI Magnesita India names new CEO Pankaj Malhan; Parmod Sagar stays as Chairman

Ceo ResignedCeo Appointed ExternalKmp ResignedManagement Changes View source PDF

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AI summary

RHI Magnesita India's MD and CEO Parmod Sagar resigned on 30 June 2026 for personal reasons after 13 years. He stays on as Non-Executive Chairman. Pankaj Malhan, ex-Jindal Steel with three decades of steel and manufacturing experience, becomes new MD and CEO from 1 July 2026 for 5 years. Azim Syed stepped down as Whole-time Director but continues as CFO. Similar changes at material subsidiary.

Likely market impact

Smooth succession. Sagar stays on as Chairman for continuity. New CEO brings deep steel and manufacturing experience from Jindal Steel.