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Prostarm Info Systems reported voting results for a postal ballot. Three special resolutions regarding IPO proceeds and ESOP amendments were passed.
Prostarm Info Systems is relocating and consolidating two business operations to other units. This strategic realignment aims to enhance efficiency and focus on core segments.
Prostarm reported FY26 revenue of ₹386cr (+10% YoY) and PAT of ₹33cr (+14% YoY). Focus remains on energy storage (BESS) and UPS expansion despite Q4 supply disruptions.
Prostarm Info Systems is conducting a postal ballot for shareholder approval of IPO proceeds reallocation and ESOP plan amendments. Voting concludes on June 25, 2026.
Prostarm Info Systems issued a postal ballot notice to reallocate ₹12.48 Crore of unutilized IPO proceeds. The funds will now support working capital requirements.
Prostarm delivered 10% YoY revenue growth for FY26 but faced Q4 margin pressure from West Asia supply chain disruptions and higher employee costs. The transition from net debt to cash-rich status highlights a stronger balance sheet post-IPO.
Prostarm Info Systems submitted its Annual Secretarial Compliance Report for the year ended March 31, 2026. The report confirms overall regulatory compliance with no material deviations noted.
Prostarm FY26 revenue reached ₹3,858 Mn with 12% EBITDA margins. The company is transitioning from power conditioning to high-growth BESS manufacturing with significant capacity expansion.
Prostarm Info Systems granted 3,21,750 stock options at an exercise price of Rs.50 each. The move aims to incentivize employees under its 2024 ESOP plan.
Prostarm Info Systems appointed Mr. Ajay Satish Rao and Mr. Prateek Srivastava to its senior management team. These appointments strengthen operational leadership and strategic business units.
Prostarm Info Systems re-appointed M/s. Y R Doshi & Company as Cost Auditor for FY 2026-27. The auditor will receive ₹0.007 Crore remuneration plus taxes.
Prostarm Info Systems appointed Mr. Ronak Mukesh Shah as Internal Auditor for FY 2026-27. The chartered accountant brings over 10 years of audit and ERP experience.
Prostarm Info Systems Ltd reported revenue from operations of ₹104.5 Cr (+27.4% YoY) and net profit of ₹7.9 Cr (+16.2% YoY) for Q4 FY26.
Prostarm Info Systems Limited reported a standalone total income of ₹383.74 Crore for FY2026. The board also approved senior management appointments and amendments to its ESOP plan.
Prostarm Info Systems Limited filed its quarterly IPO proceeds utilization report for March 2026. The company utilized ₹155.52 Crore of the ₹168.00 Crore total issue size.
Prostarm Info Systems submitted its Monitoring Agency Report for the quarter ended March 31, 2026. The report confirms no deviations in utilizing ₹168 Crore IPO proceeds.
Prostarm Info Systems Ltd filed its initial disclosure under the SEBI Large Corporate framework for FY 2025-26. The company reported outstanding borrowings of ₹83.23 Crore as of March 31, 2026, and carries an A- credit rating from CARE Ratings Limited. Despite the filing title, the company letter confirms it does not fall under the Large Corporate category.
Prostarm Info Systems Limited received intimation that the Customs Department filed an appeal before the CESTAT, Mumbai, against a prior order. The original order had confirmed no liability for a disputed amount of ₹25.66 Crore. The company is currently evaluating its further course of action regarding this litigation update.
Prostarm Info Systems signed an MOU with China-based Shenzhen Topband Co. Ltd for BESS manufacturing in India. The agreement includes a $10 million (₹93 Crore) purchase commitment over 18 months. This strategic tie-up focuses on local assembly and commercialization under the 'Make in India' initiative for the energy storage sector.
Prostarm Info Systems Ltd secured a ₹165 Crore EPC contract from Solarium Green Energy Limited. The project involves end-to-end works for a 50 MWac Solar PV Power Project in Maharashtra, awarded under a MAHAGENCO project. This sub-contract excludes operation and maintenance services.
Prostarm Info Systems signed an MOU with Shenzhen Topband Co. Ltd for a strategic BESS manufacturing alliance in India. The agreement includes a $10 million (₹93 Crore) purchase commitment over 18 months. This collaboration leverages Topband's technology and Prostarm's local integration to target India's growing energy storage market under the 'Make in India' initiative.
Prostarm Info Systems is realigning operations by shifting its major UPS business from Pisoli, Pune to its Bakrol unit in Gujarat. The relocation, affecting units contributing ₹11.88 Crore in revenue, aims to enhance efficiency and economies of scale. The transition is expected to conclude by November 2026.
Prostarm Info Systems approved a strategic realignment to shift UPS business operations from Pisoli, Pune to its Bakrol unit in Gujarat. The Pisoli unit contributed ₹11.88 Crore to FY25 turnover. The transition, aimed at enhancing operational efficiency, is expected to be completed by November 2026.
Prostarm Info Systems approved a strategic realignment shifting UPS operations to Gujarat by November 2026. The company also signed an MOU with Shenzhen Topband for a ₹93 Crore (USD 10M) BESS co-manufacturing alliance in India. This collaboration supports the 'Make in India' initiative and targets utility-scale and industrial energy storage markets.
Prostarm Info Systems Ltd reported net profit of ₹14.9 Cr (+101.4% YoY) for Q3 FY26.