Praj Industries Limited has informed the Exchange regarding Resignation of Mr Ravindra Utgikar as Other of the company w.e.f. November 08, 2024.

Management Changes View source PDF Explain this filing

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Price reactionminutes from the announcement price · days from the prior close

+0.1%Reaction day

₹496.50

prior close

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announcement price

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Nifty Microcap 250market · index membership as recorded later (tracked since Jun 2026)-0.1%+0.2% vs market

Industrial Products peers, median of 110sector-0.2%+0.3% vs sector

On the reaction day the stock moved 0.2 pts more than Nifty Microcap 250 and 0.3 pts more 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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AI summary

Praj Industries has submitted a revised intimation to NSE regarding the resignation of Dr. Ravindra Utgikar, Vice President-COMS, who was designated as Senior Management Personnel. He resigned effective November 8, 2024, citing personal reasons, with the resignation letter originally dated August 9, 2024. The revised filing was made on July 7, 2025, after NSE sought additional details on the earlier corporate announcement. No successor or replacement details have been disclosed in this filing.

Likely market impact

This is a routine senior-level personnel change at the VP level with no direct impact on the company's board, leadership structure, or strategic direction. Shareholders are unlikely to see any material effect on the stock from this revised disclosure.