RHI Magnesita India announces Leadership Transition

The Board of Directors of RHI Magnesita India Ltd., the leading manufacturer and supplier of high-grade refractory products, systems and solutions, today announced the appointment of Pankaj Malhan as the Managing Director and Chief Executive Officer of the Company, effective 1 July 2026. The Board also announced that Parmod Sagar, who has been serving as Chairman, Managing Director and Chief Executive Officer of the company, will continue as the Chairman of the Board of the Company.

Pankaj joins RHI Magnesita with over 30 years of leadership experience across steel, manufacturing, industrial materials, and infrastructure sectors. Throughout his distinguished career, he has successfully led large and complex organizations through growth, transformation, operational excellence, and value creation. His extensive experience and proven leadership make him exceptionally well positioned to lead our India business into its next phase of growth.

RHI Magnesita India looks forward to the next phase of growth under Pankaj Malhan's leadership and to the continued support and guidance of Parmod Sagar in his role as the Chairman.

Pankaj Malhan, Managing Director & CEO, RHI Magnesita India Ltd., said: "I am honored to join RHI Magnesita India at such an exciting stage in its journey. The Company has built a strong market position, an exceptional team, and enduring relationships with its customers and partners. I look forward to working with our talented colleagues to build on this strong foundation, deepen our customer partnerships, drive innovation and operational excellence, and create sustainable value for all our stakeholders. India presents tremendous opportunities for growth, and together we will continue to strengthen RHI Magnesita's leadership in this dynamic market."

Parmod Sagar, Chairman, RHI Magnesita India Ltd., said: "It has been a privilege to lead RHI Magnesita India through a period of significant transformation and growth. From bringing together our Indian businesses into one integrated organization to expanding our capabilities through strategic acquisitions, our success has always been driven by the dedication and commitment of our people. I am delighted to welcome Pankaj to the organization and have every confidence that, under his leadership, the Company will continue to build on its strong foundation and achieve even greater success. I look forward to continuing to support the Board, the leadership team, and the broader RHI Magnesita Group in my role as Chairman."

Shares of Orient Refractories Limited was last trading in BSE at Rs. 367.15 as compared to the previous close of Rs. 372.20. The total number of shares traded during the day was 4526 in over 242 trades.

The stock hit an intraday high of Rs. 372.10 and intraday low of 363.20. The net turnover during the day was Rs. 1665269.00.

Source : Equity Bulls

Keywords

RHIMagnesitaIndia INE743M01012 LeadershipTransition Appointment