RHI Magnesita India Limited announced the appointment of Mr. Abhishek Bajaj as its new Chief Financial Officer and Chief Investor Relations Officer, effective January 1, 2027. This follows the resignation of Mr. Azim Syed from the same positions, who will be transitioning to a senior leadership role within another RHI Magnesita group company. The company also took note of the unaudited standalone and consolidated financial results for the quarter and half-year ended September 30, 2026, with limited review reports issued by its statutory auditors.
Leadership Transition at RHI Magnesita India
RHI Magnesita India Limited has announced a key leadership change at the financial helm of the company. In a board meeting held on November 13, 2026, the directors approved the appointment of Mr. Abhishek Bajaj as the new Chief Financial Officer (CFO) and Chief Investor Relations Officer. This strategic appointment will be effective from January 1, 2027.
Resignation and New Role
The appointment of Mr. Bajaj comes as a consequence of the resignation of the current CFO, Mr. Azim Syed. Mr. Syed’s resignation, effective December 31, 2026, is in line with his decision to take on a senior leadership role within another group company of the RHI Magnesita. The Board has accepted his resignation, noting that there are no material reasons beyond those stated in his resignation letter. Following his resignation, Mr. Syed will cease to be a Key Managerial Personnel (KMP) of the company.
Financial Results Noted
In addition to the leadership changes, the Board of Directors also considered and approved the unaudited standalone and consolidated financial results for the quarter and half-year ended September 30, 2026. M/s. B S R & Co. LLP, Chartered Accountants, the company’s statutory auditors, have provided limited review reports on these financial results.
Key Managerial Personnel Update
With Mr. Bajaj’s appointment effective January 1, 2027, he will be designated as a Key Managerial Personnel (KMP). The revised list of KMPs for the company from January 1, 2027, includes:
- Mr. Pankaj Malhan, Managing Director & CEO
- Mr. Abhishek Bajaj, Chief Financial Officer
- Mr. Sanjay Kumar, Company Secretary
Source: BSE
