Praj Industries Limited , a leading process solutions company, successfully conducted its 39th Annual General Meeting (AGM) on August 11, 2025, via video conferencing. The shareholders approved all nine resolutions with requisite majority, marking significant decisions for the company's future.

Key Approvals and Financial Decisions

Shareholders gave their nod to the adoption of standalone and consolidated financial statements for the year ended March 31, 2025. A notable highlight was the approval of a dividend of Rs. 6.00 per equity share, representing a 300% return on the face value of Rs. 2.00 per share.

Leadership Changes and Appointments

The AGM saw important changes in the company's leadership structure:

• Mr. Parth Chaudhari was appointed to the board, replacing Ms. Parimal Chaudhari, who retired by rotation.
• Dr. Pramod Chaudhari's appointment as Founder Chairman and Mentor-Praj Group for a five-year term from July 1, 2025, to June 30, 2030, received 77.03% votes in favor.
• Mr. Berjis Desai was approved as a Non-Executive Non-Independent Director, with 91.43% of votes supporting his appointment.

Auditor Appointments

The shareholders approved the appointment of new auditors:

• MSKA & Associates as statutory auditors
• MSN Associates as secretarial auditors
• Ratification of Dhananjay V. Joshi & Associates as cost auditors for the financial year ending March 31, 2026

Voting Highlights

The e-voting process, which included remote e-voting from August 7-10, 2025, and voting during the AGM, saw strong participation from shareholders. Notable voting results include:

Meeting Proceedings

The AGM, which lasted from 10:00 AM to 10:50 AM, was attended by 93 members, including key management personnel and auditors. Nine shareholders posed questions, which were addressed by the Chairman.

The successful completion of the AGM with strong shareholder support on all resolutions indicates confidence in Praj Industries' leadership and strategic direction. The company continues to focus on process solutions, with these approvals paving the way for its future growth and governance structure.

Praj Industries , a leading process and project engineering company, has reported a significant decline in its financial performance for the first quarter. The company's profitability took a hit, with consolidated net profit plummeting to Rs 53.00 million, down from Rs 841.80 million in the same period last year.

Financial Performance

The company's Q1 results paint a challenging picture:

The sharp decline in profitability is attributed to a combination of factors, including reduced revenue and increased operational costs. The EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) saw a substantial drop to Rs 314.00 million from Rs 919.80 million year-over-year, while the EBITDA margin compressed significantly to 4.9% from 13.16%.

Revenue Decline

Praj Industries experienced a revenue decline of 8.4% year-over-year, with consolidated revenue falling to Rs 6,402.00 million from Rs 6,991.00 million in the same quarter of the previous fiscal year. This decrease in top-line performance likely contributed to the pressure on profitability.

Board Changes

In addition to the financial results, Praj Industries announced changes to its board of directors. Ms. Parimal Chaudhari, who served as a Non-Executive Non-Independent Director, has retired from the board effective August 11. Ms. Chaudhari was liable to retire by rotation at the 39th Annual General Meeting (AGM) but did not offer herself for re-appointment.

Outlook

The significant drop in profitability may raise concerns among investors and stakeholders. Praj Industries will need to navigate the current challenges effectively and work towards improving its operational efficiency to regain its previous levels of profitability.

As the company operates in the process and project engineering segment, its performance may be influenced by factors such as project pipelines, order book status, and overall market conditions in the engineering sector. Stakeholders will be keenly watching for any strategic initiatives or guidance from the management in the near future to address the current financial situation.

Praj Industries continues to be a key player in its sector, and its ability to rebound from this quarter's setback will be crucial for its long-term growth prospects.