RHI Magnesita India: MD & CEO Resigns, New MD Appointed

AI Summary

RHI Magnesita India Ltd announced significant management changes following a Board of Directors meeting. Mr. Parmod Sagar has resigned as Managing Director & CEO, effective June 30, 2026, but will continue as Chairman. 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. These changes also impact the Key Managerial Personnel (KMP) and the CSR Committee composition. Similar changes were approved for the material subsidiary, RHI Magnesita India Refractories Limited.

Key Highlights

Parmod Sagar resigns as MD & CEO, remains Chairman.
Pankaj Malhan appointed as new MD & CEO.
Azim Syed resigns as Whole-time Director, continues as CFO.
Management changes approved for parent and subsidiary companies.
CSR Committee reconstituted with new member appointment.

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Electrodes & Refractories

Rhi Magnesita India Ltd

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