Praj Industries issues postal ballot notice seeking shareholder approval for the appointment of Mr. Sachin Raole as Joint Managing Director and Chief Financial Officer for a five-year term.
The appointment includes a remuneration package with fixed salary of ₹17.83 lakh per month and variable pay up to 75% of basic salary, with total annual cost not exceeding ₹6.03 crores by FY2031.
Remote e-voting period runs from May 18 to June 16, 2026, with results to be announced by June 18, 2026, through NSDL's electronic voting platform.
The resolution includes provision for minimum remuneration payment in case of inadequate profits or losses during the tenure, requiring special resolution approval.