Under ESOP
Praj Industries announced that pursuant to the provisions of the Praj Employee Stock Option Plan 2011, some of the option grantees have exercised 1,15,910 Stock grants equivalent to 1,15,910 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 1,15,910 Equity shares on 21 September 2016 at an exercise price of Rs. 55.75 per Equity share to the option grantees in terms of Praj Employee Stock Option Plan 2011.
Consequently, the issued, subscribed and paid- up share capital of the Company stands increased to 178,378,756 Equity shares of Rs. 2/- each.
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