Prajay Engineers Syndicate has informed that P. Bhaskara Rao, GM - Accounts & Finance, is appointed as chief financial officer of the company in the place of N. Ravinder Reddy, at the audit committee meeting of the company held on August 14, 2012 and taken note by the board at its meeting held on August 14, 2012.

The above information is a part of company's filings submitted to BSE.

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