Praj Industries Limited has informed the Exchange regarding voting results of Annual General Meeting held on August 11, 2025
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Praj Industries held its 39th AGM on August 11, 2025 via video conferencing, with 92 shareholders attending and a voting turnout of about 60.72% on 11.16 crore shares polled out of 18.38 crore outstanding shares. All 9 resolutions were passed, including adoption of standalone and consolidated financial statements for FY25 and the declaration of a ₹6 per share dividend (300% on face value of ₹2). Notable resolutions: Mr. Parth Chaudhari was appointed in place of Ms. Parimal Chaudhari (who retires by rotation) with 97.66% support, while Dr. Pramod Chaudhari was re-appointed as Founder Chairman and Mentor for 5 years (till June 30, 2030) with 77.03% support. Mr. Berjis Desai was appointed as Non-Executive Non-Independent Director with 91.43% support. M/s MSKA & Associates were appointed as Statutory Auditors (99.99% support) and M/s MSN Associates as Secretarial Auditors (99.49% support).
Shareholders will receive a ₹6 per share dividend as approved, and management continuity is secured with the founder's reappointment. However, institutional investors showed meaningful dissent on the founder chairman's reappointment (about 50.4% institutional votes against) and on Berjis Desai's appointment (about 18.8% institutional dissent), which may draw attention to governance concerns despite the resolutions passing.