RHI Magnesita India Limited has announced the appointment of Mr. Alvaro Martin Rivero as Additional Director (Non-Independent & Non-Executive) with effect from January 14, 2026. The appointment was approved by the Board of Directors through a resolution passed by circulation on January 14, 2026, based on the recommendation of the Nomination and Remuneration Committee.

Board Appointment Details

The appointment is subject to approval by the shareholders of the company. Mr. Rivero has been assigned Director Identification Number (DIN) 11433702. The company has confirmed that he is not debarred from holding the office of Director by virtue of any order passed by the Securities and Exchange Board of India or any other authority.

Professional Background

Mr. Alvaro Martin Rivero brings extensive financial leadership and governance experience to the Board. He currently serves as Senior Vice President of Reporting, Finance and Tax at RHI Magnesita N.V., the ultimate holding company. Prior to joining RHI Magnesita in 2022, Mr. Rivero was a Partner at Ernst and Young, where he served large listed companies, providing expertise in complex accounting, financial reporting, and regulatory compliance in the UK and US environments.

He is a qualified Chartered Accountant in Spain (ICJCE) and England & Wales (ICAEW), and holds an MBA in Energy from Warwick Business School. Mr. Rivero also holds directorships at RHI Magnesita Trading B.V. and Sapref AG, and serves on the Supervisory Board of RHI Magnesita, Ukraine.

Committee Reconstitution

Following the appointment, the Board has reconstituted three key committees with revised compositions:

Regulatory Compliance

The appointment has been communicated to both BSE Limited and National Stock Exchange of India Limited under Regulation 30 of SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015. The company has provided all requisite disclosures pursuant to SEBI Circular SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024.

The disclosure confirms that Mr. Rivero is not related to any of the existing directors of the company. His appointment is expected to strengthen the Board's oversight of financial reporting, risk management, and governance functions.

RHI Magnesita India Limited , a key player in the refractory industry, has announced a significant change in its board composition. Ms. Ticiana Kobel, who served as a Non-executive Director, has stepped down from her position, citing a conflict of interest arising from her new role.

Resignation Details

Ms. Kobel's resignation, effective from November 17, 2025, comes as a result of her appointment to the Supervisory Board of RHI Magnesita GmbH. This new position has created an unavoidable conflict, necessitating her departure from the Indian subsidiary's board.

Impact on Board Committees

The resignation of Ms. Kobel affects her participation in three board committees:

1. Nomination Remuneration Committee
2. Risk Management Committee
3. Corporate Social Responsibility Committee

Official Communication

In her resignation letter addressed to the Board of Directors, Ms. Kobel stated:

"I am writing to tender my resignation from the Board of RHI Magnesita India Limited, effective at the close of business on 17 November 2025. This decision is due to an unavoidable conflict arising from my new position on the Supervisory Board of RHI Magnesita GmbH."

Resignation Timeline

The company has acknowledged Ms. Kobel's contributions during her tenure and is expected to take necessary steps to file the required forms with the Registrar of Companies and update statutory records accordingly.

This board-level change comes at a time when corporate governance and transparency are increasingly under scrutiny. RHI Magnesita India Limited's prompt disclosure of this development aligns with best practices in corporate governance and regulatory compliance.