Praj Industries Limited has recommended a final dividend of Rs 3.60 per equity share for the financial year ended March 31, 2026. The board approved the recommendation at its meeting held on May 28, 2026, which commenced at 10:30 am and concluded at 4:00 pm.
The dividend of Rs 3.60 per share translates to 180% on the face value of Rs 2 each. The payout is subject to shareholder approval at the ensuing annual general meeting. If approved by shareholders, the dividend will be paid within 30 days from the date of such approval.
The board also approved the re-appointment of Ms Rujuta Jagtap as an Independent Director for a further period of three years. Ms Jagtap's new term will take effect from August 21, 2026 and run until August 20, 2029. This reappointment is subject to shareholder approval by way of a special resolution.
Ms Jagtap holds an MBA in International Business from Symbiosis and brings over 23 years of experience across management, administration, and marketing. She currently serves as an Executive Director on the board of Saj Test Plant Pvt Ltd. She is also a member of the Mahratta Chamber of Commerce, Industries and Agriculture.
Ms Jagtap is the first woman Chairperson of the Indo American Chamber of Commerce and serves as Chairperson of the British Business Group. She is a member of The Indus Entrepreneurs and judges their Business Plan Competitions.
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.