Praj Industries Appoints New JMD & CFO
Praj Industries has appointed Sachin Raole as Joint Managing Director and Chief Financial Officer for a five-year term from April 30, 2026, to April 29, 2031, subject to shareholder approval.
Raole, a Cost Accountant and Chartered Accountant, brings over three decades of experience across finance, accounts, mergers and acquisitions, treasury, and human resources.
TruAlt Bioenergy Limited Receives IND A- Credit Rating
India Ratings & Research has assigned an IND A-/Stable rating to the long-term bank facilities of TruAlt Bioenergy Limited, along with an IND A2+ rating for its short-term facilities.
The rating reflects TruAlt’s strong position as India’s largest cane-based distillery and its growth outlook driven by ethanol demand.
Key highlights include:
- Capacity of 2,000 KLPD with dual-feed flexibility
- Expected revenue and EBITDA growth from FY27
- Expansion into compressed biogas (CBG) with planned joint ventures involving GAIL India Limited and Sumitomo Corporation
- Improvement in credit metrics with net leverage expected below 3.5x
HeidelbergCement India Ltd Reports No Share Transfer Requests
HeidelbergCement India Ltd reported that no requests for re-lodgement of physical share transfers were received or processed during March 2026, in compliance with regulatory requirements.
Filatex Fashions Limited Approves Key Corporate Changes
The board of Filatex Fashions Limited approved multiple proposals, subject to shareholder consent:
- Increase in NRI/OCI investment limits to 24%
- FPI investment up to sectoral cap
- Appointment of Accurate Securities & Registry Pvt Ltd as Registrar for FCCB issuance
- Reclassification of promoters Prashant and Rajkumar Sethia to public category
- Extraordinary General Meeting scheduled for May 21, 2026
Heritage Foods Ltd Board Meeting on May 11
Heritage Foods Ltd will hold a board meeting on May 11, 2026, to approve Q4 and full-year FY26 financial results.
The board will also consider:
- Final dividend recommendation
- Book closure date
- Approval of AGM notice and Directors’ Report
The trading window remains closed until 48 hours after the results announcement.
