Praj Industries Limited has submitted the Exchange a copy Srutinizers report of Annual General Meeting held on August 11, 2025
PRAJIND · price
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Praj Industries held its 39th AGM on August 11, 2025, via video conferencing, and shareholders approved all 9 resolutions with the required majority. Key items included adoption of audited standalone and consolidated financial statements for FY25, and declaration of a dividend of Rs. 6 per equity share (300% on face value of Rs. 2). M/s MSKA & Associates were appointed as Statutory Auditors and M/s MSN Associates as Secretarial Auditors. Founder Dr. Pramod Chaudhari was reappointed as Founder Chairman and Mentor (Whole Time Director) for a 5-year term from July 1, 2025 to June 30, 2030, though this special resolution received the lowest support at 77.03% with about 23% votes against. Director-level changes include Mr. Parth Chaudhari replacing retiring Ms. Parimal Chaudhari, and appointment of Mr. Berjis Desai as a Non-Executive Non-Independent Director.
Shareholders will receive a Rs. 6 per share dividend for FY25, a solid cash return. Leadership continuity is maintained with the founder staying on for another 5 years, though the ~23% dissent on his reappointment signals some investor discomfort that investors may want to monitor.