Praj Industries Limited submitted voting results and scrutinizer's report regarding postal ballot conducted for appointment of Mr. Sachin Raole (DIN: 00431438) as Joint Managing Director & Chief Financial Officer.

Key Dates

  • Board meeting date: 28th April, 2026 (decision to conduct postal ballot)
  • Postal Ballot Notice date: 28th April, 2026
  • Cut-off date for voting eligibility: 8th May, 2026
  • Voting commencement: 18th May, 2026 at 9:00 a.m.
  • Voting conclusion: 16th June, 2026 at 5:00 p.m.
  • Scrutinizer report date: 13th June, 2026
  • Results declaration date: 18th June, 2026

Resolutions Voted Upon

1. Ordinary Resolution: To approve appointment of Mr. Sachin Raole (DIN: 00431438) as Joint Managing Director and Chief Financial Officer for five years from 30th April, 2026 to 29th April, 2031

2. Special Resolution: To approve terms of remuneration of Mr. Sachin Raole as Joint Managing Director and Chief Financial Officer

Voting Methodology

  • Voting conducted exclusively through electronic means via NSDL
  • No physical ballots collected
  • Total shareholders on record date: 394,114
  • Scrutinizer: Mr. Nishad Umranikar, Partner, MSN Associates, Practicing Company Secretaries

Voting Results - Resolution 1 (Ordinary Resolution)

Total outstanding shares: 18,38,13,088

| Category | Shares Held | Votes Polled | % Votes Polled | Votes in Favor | Votes Against | % in Favor | % Against |

| Promoter & Promoter Group | 6,03,00,000 | 6,03,00,000 | 100.0000% | 6,03,00,000 | 0 | 100.0000% | 0.0000% |

| Public Institutions | 5,85,60,616 | 4,53,58,420 | 77.4555% | 4,52,45,983 | 1,12,437 | 99.7521% | 0.2479% |

| Public Non-Institutions | 6,49,52,472 | 12,23,263 | 1.8833% | 12,15,810 | 7,453 | 99.3907% | 0.6093% |

| Total | 18,38,13,088 | 10,68,81,683 | 58.1469% | 10,67,61,793 | 1,19,890 | 99.8878% | 0.1122% |

Voting Results - Resolution 2 (Special Resolution)

Total outstanding shares: 18,38,13,088

| Category | Shares Held | Votes Polled | % Votes Polled | Votes in Favor | Votes Against | % in Favor | % Against |

| Promoter & Promoter Group | 6,03,00,000 | 6,03,00,000 | 100.0000% | 6,03,00,000 | 0 | 100.0000% | 0.0000% |

| Public Institutions | 5,85,60,616 | 4,53,58,420 | 77.4555% | 4,40,83,569 | 12,74,851 | 97.1894% | 2.8106% |

| Public Non-Institutions | 6,49,52,472 | 12,21,638 | 1.8808% | 12,08,661 | 12,977 | 98.9377% | 1.0623% |

| Total | 18,38,13,088 | 10,68,80,058 | 58.1461% | 10,55,92,230 | 12,87,828 | 98.7951% | 1.2049% |

Scrutinizer's Report Findings

  • Both resolutions passed with requisite majority
  • Resolution 1: 10,67,61,793 votes in favor (99.89% of valid votes)
  • Resolution 2: 10,55,92,230 votes in favor (98.80% of valid votes)
  • No invalid votes recorded
  • Total votes polled: 10,68,81,683 shares (58.15% of outstanding shares)
  • Voting witnessed by Vrushali Pangarkar and Mrunmayee Bakshi
  • E-voting conducted through NSDL platform

Communication Method

Postal ballot notice sent electronically to members with registered email addresses. Advertisements published in Financial Express (English) and Loksatta (Marathi) on 15th May, 2026.

Effective Date

The resolutions are deemed passed on 16th June, 2026 at 5:00 p.m. (last date of voting).