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 89,750 Stock grants equivalent to 89,750 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 89,750 Equity shares on 24 November 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 178,734,176 Equity shares of Rs. 2/- each
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