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

Dr. Vijay Sharma has ceased to be an Independent Director and Chairman of RHI Magnesita India Ltd. following the completion of his second five-year term. The Board has acknowledged his significant contributions during his tenure. Effective immediately, Mr. Parmod Sagar, currently the Managing Director & CEO, has taken on the additional role of Chairman. This leadership transition could stabilize operations, providing continuity in strategic direction, which may bode well for investor sentiment, suggesting a positive outlook amidst the changes in governance.