RHI Magnesita India: Pankaj Malhan named new MD and CEO, Parmod Sagar to Chairman

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

Parmod Sagar steps down as Managing Director and CEO of RHI Magnesita India from end of June 30, 2026 for personal reasons, but stays on as Non-Executive Chairman. Whole-time Director Azim Syed also resigns from the board but continues as CFO. Pankaj Malhan, a three-decade veteran from Jindal Steel and XLRI alumnus, takes over as Managing Director and CEO for a 5-year term subject to shareholder approval. Same changes were also approved at material subsidiary RHI Magnesita India Refractories Limited on the same day.

Likely market impact

Orderly same-day leadership transition with an experienced external CEO hire; outgoing MD and CEO stays as Chairman, supporting continuity.