Notice of Postal Ballot of Praj Industries Ltd.
PRAJIND · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Praj Industries is seeking shareholder approval via postal ballot for the appointment of Mr. Sachin Raole as Joint Managing Director (JMD) and Chief Financial Officer (CFO) for five years from 30th April 2026 to 29th April 2031. Mr. Raole, currently serving as CFO and Director-Resources since 2017, is being elevated to this enhanced leadership role to support the company's expanding operations and global presence. His proposed monthly salary is up to ₹17.83 lakh with additional variable pay up to 75% of basic salary and profit-based commission up to 0.30% of consolidated PAT. Total remuneration for FY 2026-27 is capped at ₹3.44 crore. The appointment supersedes his existing tenure and requires an Ordinary Resolution approval, while remuneration terms require a Special Resolution. Voting period runs from 18th May to 16th June 2026.
Positive signal for shareholders as this appointment strengthens leadership continuity with an experienced executive familiar with the company's operations and financial management.