RHI Magnesita India CFO resigns, successor named from 1 January 2027
RHI Magnesita India said in a filing with the National Stock Exchange that its chief financial officer will leave on 31 December 2026 to take a role in another group company.
Key points
- RHI Magnesita India said in an NSE filing that its board accepted the resignation of its chief financial officer, effective 31 December 2026.
- The filing gives the reason as taking up a senior leadership role within another group company, and a successor starts on 1 January 2027.
- The outgoing officer ceases to be Key Managerial Personnel after 31 December 2026, and the board approved half-year results the same day.
RHI Magnesita India Limited said in a filing with the National Stock Exchange that its chief financial officer, who is also its chief investor relations officer, has resigned with effect from the close of business on 31 December 2026. The company named a successor who takes over on 1 January 2027. The board announced the change on 13 November 2026.
What Happened
In its outcome of the board meeting held on 13 November 2026, the company disclosed that the board had accepted the resignation of its chief financial officer, who also holds the title of chief investor relations officer. The resignation takes effect at the close of business hours on 31 December 2026.
The filing gives the reason in these words: the resignation is "consequent upon to continue a senior leadership role within another group company of the RHI Magnesita". The company added that the officer has confirmed there are no material reasons for the resignation other than those mentioned in the resignation letter.
The board also approved the appointment of a new chief financial officer and chief investor relations officer with effect from 1 January 2027. After 31 December 2026 the outgoing officer will cease to be Key Managerial Personnel, a category of senior officers that company law requires listed companies to name. From 1 January 2027 the new appointee will hold that status.
The revised list of Key Managerial Personnel in the filing comprises the managing director and chief executive officer, the incoming chief financial officer and the company secretary.
At the same meeting, the board approved the unaudited standalone and consolidated financial results for the quarter and half year ended 30 September 2026. The company's statutory auditors, B S R & Co. LLP, issued limited review reports on those results. The resignation was disclosed under Regulation 30 of the Securities and Exchange Board of India's Listing Regulations, which require listed companies to report material events to the exchanges.
What It Means
The filing describes a planned move within the RHI Magnesita group rather than a dispute. It does not report any finding of wrongdoing, and it does not link the resignation to the results approved the same day. The company has named the successor and the date from which the new officer takes charge, so the post will not be vacant.
Shareholders and other readers can read the full outcome and the results in the company's filing with the National Stock Exchange. Listed companies must report changes in their senior management to the exchanges, and the filing is the company's own account of the change.
Oquilia Data: RHI MAGNESITA INDIA LTD. (NSE: RHIM)
| Close, 12 Nov 2026 | Rs 364.05 (+0.47% on the day) |
|---|---|
| Return 1M / 3M / 6M / YTD / 1Y | −1.55% / −5.66% / −5.77% / −20.69% / −24.19% |
| Against Nifty 50, 1M / 3M / YTD | −14.68 / −9.20 / −17.52 points |
| 52-week closing high / low | Rs 492.05 (13 Nov 2025) / Rs 334.10 (27 Mar 2026) |
| Turnover, 20-session average | Rs 9.63 cr; 61.6% delivered; latest volume 0.5x |
Closes adjusted for splits and bonuses; returns exclude dividends. Facts from NSE's files, not investment advice.
Full record: RHI MAGNESITA INDIA share price on Oquilia
Source: Company filing on NSE
Sources & Citations
- Company filing on NSE — National Stock Exchange of India