Praj Industries Limited has informed the Exchange regarding Change in Director(s) of the company.
PRAJIND · price
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On the reaction day the stock moved 1.2 pts less than Nifty Microcap 250 and 0.9 pts less than its Industrial Products peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Praj Industries has informed the stock exchanges about two board-level changes effective 1st July 2025. Dr Pramod Chaudhari, the company's founder, has been formally appointed as Founder Chairman and Mentor – Praj Group (Whole Time Director) for a five-year term running till 30th June 2030, subject to shareholder approval at the 39th Annual General Meeting. In a separate move, Mr Berjis Desai has been appointed as a Non-Executive, Non-Independent Director (liable to retire by rotation), also effective 1st July 2025 and subject to AGM approval. Both decisions were cleared by the Board on 26th June 2025 on the recommendation of the Nomination and Remuneration Committee.
The changes give long-term continuity at the top with the founder formally taking a five-year executive role, which may be viewed positively by investors seeking leadership stability. The addition of Mr Berjis Desai brings additional board experience, though as a Non-Independent Director he is not part of the independent oversight pool. Both appointments are pending shareholder approval, so there is no immediate price action expected.