Praj Industries Limited has announced a final dividend of Rs 3.60 per equity share for the financial year ended March 31, 2026. The dividend represents 180 per cent of the face value of Rs 2 per share.
The board approved the proposal at its meeting held on May 28, 2026. The dividend payout is subject to shareholder approval at the annual general meeting. If approved by shareholders, the dividend will be paid within 30 days from the date of approval.
Praj Industries also approved the reappointment of Ms Rujuta Jagtap as an Independent Director for a further period of three years. Her new term will take effect from August 21, 2026 and will continue until August 20, 2029.
The reappointment was based on the recommendation of the Nomination and Remuneration Committee. It is subject to shareholder approval by way of a special resolution.
Ms Jagtap currently serves as an Executive Director on the board of Saj Test Plant Pvt Ltd and is a member of the Mahratta Chamber of Commerce, Industries and Agriculture. She holds an MBA in International Business from Symbiosis and has over 23 years of professional experience across management, administration, and marketing.
She is the first woman Chairperson of the Indo American Chamber of Commerce and has previously worked with Tata Steel Ltd and Standard Chartered Grindlays Bank. The board meeting commenced at 10:30 am and concluded at 4:00 pm on May 28, 2026.
Disclaimer: This article is based on company filings submitted to the Bombay Stock Exchange (BSE) and National Stock Exchange of India (NSE) and is for informational purposes only. It does not constitute investment advice or a recommendation. Investors should conduct their own research and consult a qualified financial advisor before making investment decisions.