Management Change30 Jun 2026, 07:30 pm
Rhi Magnesita India: MD & CEO Parmod Sagar Resigns; Pankaj Malhan Appointed
AI Summary
Rhi Magnesita India Ltd announced significant management changes following a Board of Directors meeting on June 30, 2026. Mr. Parmod Sagar has resigned as Managing Director & CEO, effective end of day June 30, 2026. He will continue as Chairman of the Company. Mr. Pankaj Malhan has been appointed as the new Managing Director & CEO, effective July 1, 2026. Additionally, Mr. Azim Syed has resigned as Whole-time Director but will continue as Chief Financial Officer. The company also reconstituted its CSR Committee. Similar changes were approved for its material subsidiary, RHI Magnesita India Refractories Limited.
Key Highlights
- Parmod Sagar resigns as MD & CEO, continues as Chairman.
- Pankaj Malhan appointed as new MD & CEO from July 1, 2026.
- Azim Syed resigns as Whole-time Director, remains CFO.
- CSR Committee reconstituted with new member appointments.
- Management changes also approved for the material subsidiary.
Price Impact
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