Praj Industries Promoter Group Completes Inter-se Share Transfer of 72 Lakh Shares

Dr Pramod Chaudhari acquired 72,00,000 shares (3.917% stake) from Moriyaset Trust through an off-market inter-se transfer on December 9, 2025, increasing his holding from 21.054% to 24.971%. The transaction was conducted among promoter group members due to trust dissolution, with the aggregate promoter group holding remaining unchanged.

Praj Industries Reports Inter-se Share Transfer of 72 Lakh Shares Among Promoter Group

Dr. Pramod Chaudhari will acquire 72,00,000 shares (3.917% stake) from Moriyaset Trust within Praj Industries' promoter group on or after December 9, 2025. The transfer is due to dissolution of Moriyaset Trust and falls under SEBI exemption regulations, with overall promoter group holding remaining unchanged.

Praj Industries Reports Mixed Q2 FY26 Results Amid Domestic Ethanol Headwinds

Praj Industries reported consolidated revenue of Rs. 8.42 billion in Q2 FY26 versus Rs. 8.16 billion in Q2 FY25. However, profit before tax declined significantly to Rs. 296.1 million from Rs. 744.4 million, while profit after tax dropped to Rs. 192.8 million from Rs. 538 million year-over-year. The company faces challenges in domestic ethanol segment due to India achieving its EBP20 target and current production capacity meeting requirements. International business is impacted by US tariff scenarios. Order intake for the quarter was Rs. 8.1 billion with 73% from domestic market, comprising 71% from bioenergy, 16% from engineering, and 13% from PHS business. Order backlog stands at Rs. 44.2 billion as of September 30, 2025. The company is pivoting GenX facility strategy toward oil and gas markets due to stalled energy transition projects. Praj successfully commissioned its first alcohol-to-jet SAF demo plant and is executing its first low carbon ethanol project in the USA. Cash in hand is Rs. 4.37 billion.