Prostarm Info Systems Limited has received a Letter of Award (LOA) from Solarium Green Energy Limited for executing complete Engineering, Procurement and Construction (EPC) works for a 50 MWac Solar PV Power Project in Maharashtra. The contract, valued at ₹165 crores exclusive of GST, was accepted on April 07, 2026, and disclosed under Regulation 30 of SEBI Listing Regulations.

Contract Specifications

The comprehensive project details demonstrate the scope and scale of this renewable energy initiative:

Regulatory Compliance and Structure

Prostarm Info Systems will operate as a sub-contractor under Solarium Green Energy Limited for this MAHAGENCO project. The company has confirmed that this contract does not involve any related party transactions and maintains arm's length dealings. The project execution timeline will be specified in the definitive EPC Agreement between the parties.

Strategic Market Position

This contract award reinforces Prostarm Info Systems' capabilities in India's expanding solar energy sector. The 50 MWac project contributes to Maharashtra's renewable energy infrastructure development and aligns with national solar capacity expansion goals. The turnkey EPC approach demonstrates the company's comprehensive technical expertise in solar photovoltaic installations.

The domestic nature of this contract and its substantial value highlight the growing opportunities within India's renewable energy market, positioning Prostarm Info Systems as a significant participant in the sector's continued growth.

Source: Company/INE0BX301013/c13d1c02-d1e2-47c9-8abd-cf4f50bad8bb.pdf

Prostarm Info Systems has formally signed a Memorandum of Understanding with Shenzhen Topband Co. Ltd for Battery Energy Storage System (BESS) manufacturing collaboration, as approved by the board of directors in their meeting held on April 07, 2026. The company has notified stock exchanges about this strategic international partnership under SEBI listing regulations.

MOU Framework and Collaboration Structure

The MOU establishes a collaborative framework for exclusive cooperation in Battery Energy Storage Systems under a Semi-Knocked Down (SKD) co-manufacturing model. This partnership aligns with the "Make in India" initiative and focuses on domestic value addition in the energy storage sector.

Operational Framework and Market Scope

Under this collaborative arrangement, Shenzhen Topband will provide SKD BESS kits, technology, and technical know-how, while Prostarm Info Systems will undertake local assembly, integration, and commercialization in India. The partnership targets multiple market segments including commercial and industrial applications, home and commercial BESS solutions, and utility-scale projects across India.

Financial Commitments and Company Performance

The agreement includes a significant financial commitment from Prostarm Info Systems, with a minimum purchase commitment of USD 10,000,000 over 18 months from the first commercial order. The company's recent financial performance shows strong growth momentum.

Regulatory Compliance and Market Positioning

The company has fulfilled all regulatory requirements under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Company Secretary and Compliance Officer Sachin Gupta has digitally signed the formal intimation to both BSE Limited and National Stock Exchange of India Limited.

Strategic Benefits and Market Impact

This collaboration positions Prostarm Info Systems strategically within India's rapidly expanding energy storage market. The partnership provides access to advanced BESS technology and global expertise from Topband while strengthening domestic manufacturing capabilities. The alliance is expected to accelerate market development, drive revenue growth, enhance operational efficiencies, and foster technical innovation in high-quality energy storage solutions tailored for the Indian market.

The company will make appropriate disclosures upon execution of definitive agreements in accordance with applicable laws and regulations, subject to required regulatory and corporate approvals.

Source: Company/INE0BX301013/29a8e4c1-23b2-4fbf-b84c-195d5d964754.pdf