PRAJINDNSEPraj Industries Limited· EngineeringMediumNeutral
Announced Tue, 28 Apr · 12:28 IST

Praj Industries Limited has informed the Exchange regarding Change in Director(s) of the company.

Management Changes View source PDF

PRAJIND · price

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Price reaction · full curve 14 horizons · vs prior close
-1.3%1-day move
₹403.40
prior close
₹395.20
base price
In-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
-0.0+0.1+0.1+0.2-1.3+1.4+2.0+2.9+0.2-0.1-4.5-12.0-14.2
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AI summary

Praj Industries Limited announced the appointment of Mr. Sachin Raole as Joint Managing Director & Chief Financial Officer for a five-year term from 30th April 2026 to 29th April 2031. This appointment is subject to shareholder approval. Mr. Raole is a Cost Accountant and Chartered Accountant with 31 years of experience across finance, divestment, mergers & acquisitions, financial restructuring, treasury, accounts, and taxation. He also has experience in heading Human Resources, materials, IT, legal & secretarial functions. He is being re-designated from an existing role within the company to this elevated position.

Likely market impact

The appointment consolidates leadership at the top with a seasoned finance professional taking on expanded responsibilities, which could signal stronger executive oversight for investors.