Praj Industries has informed that pursuant to the provisions of the Praj Employee Stock Option Plan 2011, some of the option grantees have exercised 51,000 Stock grants equivalent to 51,000 Equity shares of face value Rs 2 each of the Company. Accordingly, the duly authorised Compensation & Share Allotment Committee of the Board of Directors of the Company has allotted 51,000 Equity shares on February 23, 2016 at an exercise price of Rs 55.75 per Equity share to the option grantee in terms of Praj Employee Stock Option Plan 2011. Consequently, the issued, subscribed and paid- up share capital of the Company stands increased to 177,946,079 Equity shares of Rs 2 each.
The above information is a part of company’s filings submitted to BSE.
