Praj Industries Limited has informed the Exchange regarding Cessation of Mr Shishir Joshipura as Managing Director & CEO of the company w.e.f. Jun 30, 2025.
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Praj Industries has informed the stock exchanges that Mr. Shishir Joshipura (DIN: 00574970) has stepped down as Managing Director & CEO of the company effective the close of business hours on June 30, 2025. The departure is due to the completion of his tenure as CEO & Managing Director, and as a result, he has also ceased to be a Director on the board. The disclosure has been made under Regulation 30 of SEBI's Listing Obligations and Disclosure Requirements Regulations, 2015, with full details provided in Annexure-A. The company has not yet announced his successor in this filing.
The exit of the MD & CEO at the end of his term is a key leadership change that investors should monitor closely. The market may react to the announcement, especially if a successor is not named immediately, as leadership transitions can create short-term uncertainty for the stock.