RHI Magnesita India Limited announced today the appointment of Mr. Abhishek Bajaj as the new Chief Financial Officer (CFO) and Chief Investor Relations Officer, effective January 1, 2027. This follows the resignation of the current CFO, Mr. Azim Syed, who will transition to a senior leadership role within another group company. The board has accepted Mr. Syed’s resignation, which is effective December 31, 2026. Mr. Bajaj’s appointment brings extensive financial and strategic experience to the role.
Leadership Transition at RHI Magnesita India
RHI Magnesita India Limited has announced significant changes in its key management positions. The Board of Directors, in a meeting held on November 13, 2026, approved the appointment of Mr. Abhishek Bajaj as the new Chief Financial Officer (CFO) and Chief Investor Relations Officer of the Company. This transition is set to take effect from January 1, 2027.
Resignation of Current CFO
The appointment of Mr. Bajaj comes as a consequence of the resignation of the current CFO, Mr. Azim Syed. Mr. Syed has tendered his resignation effective December 31, 2026. He will be moving on to assume a senior leadership role within another entity of the RHI Magnesita Group. The Board has formally noted and accepted Mr. Syed’s resignation, confirming that there are no material reasons for his departure beyond the stated internal mobility.
Profile of Incoming CFO
Mr. Abhishek Bajaj brings a wealth of experience to his new role. He is described as an accomplished finance executive with over two decades of experience in strategic financial leadership, corporate governance, financial strategy, corporate finance, domestic and international taxation, treasury, capital markets, mergers & acquisitions, enterprise risk management, and business transformation. He is a Fellow Member of the Institute of Chartered Accountants of India (FCA) and holds a Bachelor of Commerce (Honours) from the University of Delhi. Prior to this appointment, he served as the Chief Financial Officer of RHI Magnesita India Refractories Limited and Head of Finance and FP&A for the India Region of the RHI Magnesita Group. His prior experience includes significant roles at Dalmia Bharat Refractories Limited and KPMG India.
Revised Key Managerial Personnel (KMP) List
With effect from January 1, 2027, the Key Managerial Personnel (KMP) of the Company will be:
- Mr. Pankaj Malhan, Managing Director & CEO
- Mr. Abhishek Bajaj, Chief Financial Officer
- Mr. Sanjay Kumar, Company Secretary
The Board meeting also noted and approved the unaudited standalone and consolidated financial results for the quarter and half-year ended September 30, 2026, along with the limited review reports from the statutory auditors, M/s. B S R & Co. LLP.
Source: BSE
