Praj Industries Ltd Appoints Mr. Sachin Raole as Joint Managing Director & Chief Financial Officer
Praj Industries Ltd announced that its Board of Directors approved the appointment of Mr. Sachin Raole as Joint Managing Director & Chief Financial Officer. The decision was finalized at a Board Meeting held on 28th April, 2026.The appointment is set for a period of five years, commencing from 30th April, 2026, and concluding on 29th April, 2031. Consequent to this new designation, Mr. Sachin Raole will be re-designated as Joint Managing Director & Chief Financial Officer of the Company effective from 30th April, 2026.
In addition to his professional appointment, the Board reviewed the details of Mr. Raole, who brings substantial experience to the role. Mr. Raole is a Cost Accountant and Chartered Accountant with a career spanning 31 years. His extensive experience covers a wide spectrum of finance and accounts, including divestment, mergers & acquisitions, financial restructuring, treasury, accounts, and taxation.
His professional journey includes working across varied industries such as manufacturing, project, financial services, and pharmaceutical. Furthermore, Mr. Raole possesses specialized experience in heading departments such as Human Resources, materials, IT, legal, and secretarial functions.
Key details regarding the director's appointment are as follows:
| Particulars | Details |
|---|---|
| Name of the Director | Mr. Sachin Raole (DIN: 00431438) |
| Reason for Change | Appointment as Joint Managing Director & Chief Financial Officer |
| Appointment Period | 30th April, 2026 till 29th April, 2031 (not liable to retire by rotation) |
| Professional Experience | 31 years, covering finance, accounts, M&A, restructuring, and treasury |
PRAJIND Stock Price Movement
As of 12:32 PM, shares of Praj Industries Limited are slipping by 2.01% in live trading, currently at ₹395.25. The stock activity remains elevated, with 774,568 shares traded so far today amidst continued selling pressure.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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