RHI MAGNESITA INDIA LIMITED — Others, 12-11-2024: Cessation

Dr. Vijay Sharma has completed his second five-year term and ceased to be the Independent Director and Chairman of RHI Magnesita India Ltd. as of the close of business on November 11, 2024. The Board expressed gratitude for his contributions to the company’s growth. Mr. Parmod Sagar, currently the Managing Director & CEO, will take over as Chairman effective November 12, 2024. This leadership transition may signal a strategic continuity, which could positively affect investor sentiment as the firm builds on its established governance.