Intimation regarding appointment of Ms. Rujuta Jagtap as Independent Director.
PRAJIND · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Praj Industries' Board meeting on 28th May 2026 approved three key items: (1) A final dividend of ₹3.60 per share (180% of face value) for FY2026, subject to shareholder approval at the AGM, to be paid within 30 days of approval; (2) Re-appointment of Ms. Rujuta Jagtap as Independent Director for another 3-year term from 21st August 2026 to 20th August 2029, requiring shareholder approval via Special Resolution; and (3) Appointment of Khare Deshmukh & Co. as Internal Auditors and Dhananjay V. Joshi & Associates as Cost Auditors for FY2026-27. Ms. Jagtap has 23+ years of experience in management, marketing, and administration, with prior roles at Tata Steel and Standard Chartered Grindlays Bank.
The dividend announcement is positive for shareholders as it indicates healthy cash flows. The re-appointment of an experienced Independent Director reinforces board stability and governance continuity, which is generally viewed positively by the market.