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.

RHI Magnesita India Limited , a leading manufacturer and supplier of high-grade refractory products, has reported strong financial results for the second quarter of fiscal year 2026 (Q2FY26), marking a significant milestone in the company's performance.

Record-Breaking Revenue

The company achieved a record quarterly revenue of ₹1,035.00 crore, representing an 8% quarter-on-quarter increase. This impressive growth underscores RHI Magnesita India's strong market position and the trust placed in its products by customers across various industries.

Key Financial Highlights

The company's shipment volumes reached 141 KT, showing a 9% increase compared to the previous quarter. EBITDA stood at ₹111.00 crore, up by 7% quarter-on-quarter, while profit after tax rose to ₹38.00 crore, marking a 9% increase.

Management Commentary

Parmod Sagar, Chairman, MD & CEO of RHI Magnesita India Ltd., expressed satisfaction with the results, stating, "We are pleased to report the highest quarterly turnover in our history with revenue crossing ₹1,000 crore once again. Our market position continues to strengthen with a strong uptick across all segments, underlining the trust that customers have placed in us."

Sagar highlighted the company's strong execution and business fundamentals, noting that this milestone was achieved despite persistent market challenges, including input cost pressures. He emphasized the consistent value delivered by the Iron making segment and the 4PRO solutions model.

Strategic Focus

RHI Magnesita India's performance reflects its ability to navigate market challenges effectively. The company's focus on profitable and value-led growth appears to be paying dividends, as evidenced by the strong financial results across key metrics.

Industry Outlook

The robust performance of RHI Magnesita India may indicate a positive trend in the industries it serves, such as steel, cement, non-ferrous metals, and glass. The increased shipment volumes suggest growing demand for high-grade refractory products, which are critical for high-temperature processes exceeding 1,200°C in these sectors.

As RHI Magnesita India continues to strengthen its market position, investors and industry observers will be watching closely to see if this growth trajectory can be maintained in the coming quarters, especially in light of ongoing global economic uncertainties and input cost pressures.

The company's ability to deliver consistent value through its specialized segments and solutions model may provide a competitive edge as it seeks to capitalize on opportunities in the evolving refractory products market.