Praj Industries CTO Shridhar Shukla resigns
Praj Industries (PRAJIND) said Shridhar Shukla, CTO, has resigned; and Vijay Ratnaparkhe has been appointed. The company is valued at about ₹4,673 crore.
What happened
Praj Industries (PRAJIND) told the exchanges on 29 October 2026 at 04:34 PM that Shridhar Shukla, CTO, has resigned; and Vijay Ratnaparkhe has been appointed.
From the filing: "Shridhar Shukla (DIN: 00007607) has tendered his resignation vide letter dated 29 th October, 2026 as an Independent Director of the Company, with effect from close of business hours on 29 th October, 2026, citing the reason as pre-occupation and other personal commitments."
Company snapshot
Praj Industries is a small-cap company in the Capital Goods sector, with a market value of about ₹4,673 crore.
The stock last traded at ₹254.2, against a 52-week range of ₹243.8–₹427.7 (40.6% below the high).
Before this filing the shares had moved −20.0% over the month and −18.5% over three months. Average daily turnover over the last 20 sessions was about ₹14.85 crore.
Promoters held 32.81% at the end of Q1 FY27. Foreign institutions owned 17.75% and domestic institutions 14.10%.
| Quarter | Revenue | Net profit | EPS (₹) |
|---|---|---|---|
| Q1 FY26 | 640 | 5.3 | 0.29 |
| Q2 FY26 | 842 | 19.3 | 1.05 |
| Q3 FY26 | 841 | -12.4 | -0.67 |
| Q4 FY26 | 845 | 11.6 | 0.63 |
| Q1 FY27 | 716 | 11.6 | 0.63 |
What history shows
BCEIE's records show 7 previous management change filings from the company since May 2026.
After those filings, the stock fell 2.8% on average the next trading day and was up 0.6% on average after five days (4 filings with price data).
Across 233 similar disclosures by other Capital Goods companies, shares moved +0.3% on average the next day and +0.5% over five days; 50% of them rose the next day.
Market-wide, 4,012 management change filings with an impact score of 50 or more saw an average next-day move of −0.1%, with 44% rising.
Past reactions describe what happened before; they are not a forecast.
| Date | Filing | Next day | 5 days |
|---|---|---|---|
| 14 Aug 2026 | Change in Director(s) of the company. | +0.4% | +5.2% |
| 18 Jun 2026 | Management change | +0.1% | +2.5% |
| 18 Jun 2026 | Management change | +0.1% | +2.5% |
| 28 May 2026 | Intimation Of Details Of KMP Under Reg 30(5). | −11.9% | −7.9% |
What to watch
- The appointment of a successor and any change in strategy or guidance.
- 29 October 2026: Board meeting — Financial Results.
In the news
Recent coverage elsewhere (links open the original publisher):
Source
Automatically written from the exchange filing and BCEIE data. Not investment advice. Check the original filing before acting on it.