Praj Industries Limited has informed the Exchange regarding Change in Director(s) of the company.
PRAJIND · price
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Praj Industries informed the exchange about director changes approved at its 39th AGM held on 11th August 2025. Mr. Parth Chaudhari, son of founder Dr Pramod Chaudhari, has been appointed as a Non-Executive Non-Independent Director, replacing Ms. Parimal Chaudhari who retired by rotation and did not seek re-appointment. Dr Pramod Chaudhari, the promoter and founder, has been re-appointed as Founder Chairman and Mentor - Praj Group (Executive/Whole-Time Director) for a five-year term from 1st July 2025 to 30th June 2030, continuing beyond age 75. Additionally, Mr. Berjis Desai, a senior legal professional with 45 years of experience and former Managing Partner of J. Sagar Associates, has been appointed as a Non-Executive Non-Independent Director.
The changes reinforce promoter family continuity on the board with Parth Chaudhari joining his father, which may be viewed positively by shareholders for succession planning. Dr Pramod Chaudhari's extended tenure provides leadership stability, while the addition of an experienced legal professional like Berjis Desai strengthens board expertise. Minimal short-term stock impact expected as these were already approved at the AGM.