RHI MAGNESITA INDIA LIMITED announced a leadership transition on June 30, 2026, appointing Pankaj Malhan as Managing Director and Chief Executive Officer effective July 1, 2026. Parmod Sagar, who previously served as Chairman, Managing Director and Chief Executive Officer, will continue as Chairman of the Board.
Pankaj Malhan brings over 30 years of leadership experience across steel, manufacturing, industrial materials, and infrastructure sectors. His career includes leading large and complex organizations through growth, transformation, and value creation.
The Board of Directors approved the appointment, with Malhan taking charge of India operations at a time when the company is expanding its refractory products business. RHI Magnesita India manufactures high-grade refractory products, systems, and solutions for high-temperature processes exceeding 1,200°C across steel, iron, cement, non-ferrous metals, and glass industries.
The company operates eight manufacturing plants, two mines, two mechanism units, three main offices, and 35 site offices across India. It employs over 6,000 skilled workers and has a research and development centre at Bhiwadi. RHI Magnesita India is listed on BSE (534076) and NSE (RHIM).
Malhan stated he looks forward to deepening customer partnerships and driving innovation while creating value for stakeholders. Sagar expressed confidence in Malhan's leadership and will continue to support the board and broader RHI Magnesita Group in his role as Chairman.
Disclaimer: This article is based on company filings submitted to the Bombay Stock Exchange (BSE) and National Stock Exchange of India (NSE) and is for informational purposes only. It does not constitute investment advice or a recommendation. Investors should conduct their own research and consult a qualified financial advisor before making investment decisions.