RHI MAGNESITA INDIA Azim Syed from resigns
RHI MAGNESITA INDIA (RHIM) said Azim Syed from has resigned. The company is valued at about ₹7,539 crore.
What happened
RHI MAGNESITA INDIA (RHIM) told the exchanges on 13 November 2026 at 06:04 PM that Azim Syed from has resigned.
Company snapshot
RHI MAGNESITA INDIA is a small-cap company in the Capital Goods sector, with a market value of about ₹7,539 crore.
The stock last traded at ₹365.1, against a 52-week range of ₹323.1–₹499.6 (26.9% below the high).
Before this filing the shares had moved −2.0% over the month and −6.1% over three months. Average daily turnover over the last 20 sessions was about ₹9.61 crore.
Promoters held 56.07% at the end of Q1 FY27. Foreign institutions owned 3.98% and domestic institutions 14.35%.
| Quarter | Revenue | Net profit | EPS (₹) |
|---|---|---|---|
| Q1 FY26 | 960 | 35.3 | 1.71 |
| Q2 FY26 | 1,035 | 38.3 | 1.85 |
| Q3 FY26 | 1,092 | 61.6 | 2.99 |
| Q4 FY26 | 932 | -518.1 | -25.09 |
| Q1 FY27 | 1,014 | 64.6 | 3.13 |
What history shows
BCEIE's records show 7 previous management change filings from the company since May 2026.
After those filings, the stock gained 7.8% on average the next trading day and was up 4.7% on average after five days (7 filings with price data).
Across 266 similar disclosures by other Capital Goods companies, shares moved +0.2% on average the next day and +0.7% over five days; 53% of them rose the next day.
Market-wide, 4,544 management change filings with an impact score of 50 or more saw an average next-day move of −0.0%, with 46% rising.
Past reactions describe what happened before; they are not a forecast.
| Date | Filing | Next day | 5 days |
|---|---|---|---|
| 30 Sept 2026 | Appointment of Mr. Pankaj Malhan (DIN: 08516185) as Director of the… | −3.1% | −4.1% |
| 30 Jun 2026 | Resignation of Director/KMP/SMP | +9.6% | +6.1% |
| 30 Jun 2026 | Management change | +9.6% | +6.1% |
| 30 Jun 2026 | Management change | +9.6% | +6.1% |
| 30 Jun 2026 | Management change | +9.6% | +6.1% |
What to watch
- The appointment of a successor and any change in strategy or guidance.
- 13 November 2026: Board meeting — Financial Results.
In the news
Recent coverage elsewhere (links open the original publisher):
- Meet Gustavo Franco: 26 Questions with RHI Magnesita’s New CEO
- RHI Magnesita India Reports Strong Q1 FY27 Growth in Revenue and Profit
- RHI Magnesita India Limited (RHIM.NS) Seasonal returns chart
- REG - BlackRock Group RHI Magnesita N.V. - Form 8.3 - RHI Magnesita N.V.
- RHI Magnesita (LSE:RHIM) Heads Into Q3 On Institutional Interest With Fair Value In Focus
Source
Automatically written from the exchange filing and BCEIE data. Not investment advice. Check the original filing before acting on it.