Prostarm Info Systems Limited has approved the grant of 3,21,750 Employee Stock Options to an eligible employee, including those of a subsidiary company. The decision was made by the company's Nomination and Remuneration Committee during its meeting on May 22, 2026, under the 'Prostarm Employee Stock Option Plan 2024' (ESOP 2024).

The options granted correspond to 3,21,750 equity shares of Rs.10 each. The exercise price for these options has been fixed at Rs.50 per share. The scheme is compliant with the Securities and Exchange Board of India (SBEB) Regulations, 2014, and the SEBI (SBEBSE) Regulations, 2021.

Key Details of the Grant

The following table outlines the specific details regarding the grant of options:

Terms and Conditions

The options granted will vest in accordance with the conditions specified in the grant letter and the ESOP 2024. There is no lock-in period applicable to the equity shares arising from the exercise of these options. Once allotted, these shares will rank pari-passu with existing equity shares of the company.

In the event of corporate actions such as a rights issue, bonus issue, sub-division, consolidation, or merger, the company will make reasonable adjustments to the number of options and/or the exercise price as per the provisions of ESOP 2024.

Prostarm Info Systems Limited has announced the appointment of Mr. Ronak Mukesh Shah as its Internal Auditor for the financial year 2026-27. The decision was approved by the Board of Directors during a meeting held on May 22, 2026, under Regulation 30 of the SEBI Listing Regulations.

Mr. Shah is a qualified Chartered Accountant and a member of the Institute of Chartered Accountants of India (ICAI). He brings over 10 years of extensive experience in internal audit, internal financial controls, and process consulting. His professional background spans diverse industries, including IT, Pharmaceuticals, FMCG, Manufacturing, Aviation, BFSI, and Poultry.

Professional Background

The appointee possesses strong hands-on experience in ERP environments, including SAP implementation, ERP readiness assessments, and Business Requirement Document (BRD) preparation. His expertise also covers User Acceptance Testing (UAT), system control evaluations, and exposure to regulatory frameworks such as GST (India), UAE VAT, and DFSA compliance. This ensures adherence to applicable statutory and global requirements for the company.

Furthermore, Mr. Shah has deep expertise in strengthening governance frameworks. He is skilled in designing Standard Operating Procedures (SOPs) and implementing Risk Control Matrixes (RCM) to enhance control effectiveness, operational efficiency, and process robustness.

Appointment Details

The following table outlines the key details regarding the new appointment:

The company has confirmed that there are no specific relationships to disclose between the directors and the newly appointed Internal Auditor. This appointment is effective immediately for the specified financial year.