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Dr. Vijay Sharma has stepped down as Independent Director and Chairman of RHI Magnesita India Limited due to the completion of his five-year term, effective at the close of business on 11 November 2024. The Board expressed its gratitude for his significant contributions during his tenure. Following this transition, Mr. Parmod Sagar, the Managing Director & CEO, will assume the role of Chairman starting 12 November 2024. This leadership change might foster continuity and stability, potentially enhancing investor confidence in the company's strategic direction under Mr. Sagar's expanded role.