Re-appointment of Chairman cum Managing Diretor
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At the 40th AGM held on September 10, 2025, shareholders of Chandra Prabhu International approved four key items. First, Mr. Gajraj Jain (age 71, with 38+ years of experience) was re-appointed as Chairman cum Managing Director for a fresh 3-year term starting April 17, 2026. He is the husband of promoter and Woman Director Mrs. Hemlata Jain. Second, shareholders approved a bonus issue of equity shares in the ratio of 1:2 — one bonus share of ₹2 face value for every two shares held. Third, the authorized share capital was increased to ₹6 crore (3 crore equity shares of ₹2 each). Fourth, Mr. Baladeva Chitranjan, a practicing company secretary based in New Delhi, was appointed as secretarial auditor for five consecutive years from FY 2025-26 to FY 2029-30.
The bonus issue in a 1:2 ratio is a positive shareholder-friendly action that increases the number of shares held by investors, though it typically dilutes per-share value proportionally. The re-appointment of the existing promoter CMD provides leadership continuity, while the capital expansion accommodates the bonus issue and future fundraising flexibility.