Praj Industries has informed that the Compensation & Share Allotment Committee of the Company has decided to close ESOP 2005 scheme with immediate effect as having regard to the prevailing market prices, the overall percentage of options exercised under these grants is only 13%. As a result of the above, 4,129,249 balance outstanding options under ESOP 2005 Scheme stand cancelled.
The above information is a part of company’s filings submitted to BSE.