Praj Industries Limited has announced significant changes to its Board of Directors. Dr. Shridhar Shukla has resigned as an Independent Director, citing personal and professional commitments. Concurrently, the board has approved the appointment of Mr. Vijay Ratnaparkhe as an Independent Director for a five-year term, effective October 29, 2026. This move reshapes the company’s directorial team and its governance structure.
Board of Directors Update
Praj Industries Limited has informed stakeholders of a change in its Board of Directors. Dr. Shridhar Shukla (DIN: 00007607) has tendered his resignation from the position of Independent Director. His resignation is effective from the close of business hours on October 29, 2026, attributed to pre-occupation and other personal commitments. Consequently, he will also cease to be a member of various key committees, including the Audit Committee, Nomination & Remuneration Committee, Compensation & Share Allotment Committee, and Risk Management Committee.
New Independent Director Appointed
In a related development, the Board of Directors has approved the appointment of Mr. Vijay Ratnaparkhe (DIN: 03211521) as an Independent Director. His appointment is for a period of five (5) years, commencing on October 29, 2026, and will conclude on October 28, 2031. This appointment is subject to the requisite shareholder approval through a Special Resolution. Mr. Ratnaparkhe is not debarred from holding directorships by any regulatory authority.
Professional Background of New Director
Mr. Vijay Ratnaparkhe brings extensive experience to the board. He previously served as the president of Bosch in Southeast Asia and Oceania, and as the Managing Director of Bosch in Singapore from January 2023 to December 2025. Before that, he was the Chief Information Officer (CIO) and president of Global Information Systems and Services at Robert Bosch GmbH from September 2019. His expertise spans strategy, innovation, quality management, and technology leadership within large multinational corporations. Mr. Ratnaparkhe holds a Master of Technology from IIT Bombay and an undergraduate degree in Chemical Engineering from Mumbai University (ICT).
Source: BSE
