Prostarm Info Systems shareholders approved a preferential issue of fully convertible warrants worth approximately ₹42.61 crore during the company’s 19th Annual General Meeting held on September 11, 2026. The meeting also saw approval for alterations to the Memorandum of Association to support strategic expansion.

The virtual gathering, chaired by Chairman and Managing Director Tapan Ghose, concluded at 4:20 pm after confirming the requisite quorum. Forty-eight members participated via video conference, alongside senior leadership including Whole-time Director Vikas Agarwal and Chief Financial Officer Abhishek Jain.

Strategic Expansion and Order Book

Management highlighted significant progress in the Battery Energy Storage Systems (BESS) segment, citing growth opportunities within India’s evolving power landscape. The company disclosed an executable order book exceeding ₹1,100 crore, underscoring strong demand for its products.

Key operational developments include:

• Upcoming BESS facility in Jhajjar, Haryana
• New UPS manufacturing unit in Bakrol, Gujarat
• Implementation of SAP Business One and Salesforce for digital transformation

Financial Highlights and Working Capital

CFO Abhishek Jain presented financial highlights for FY26, noting standalone and consolidated revenue and profitability growth. He addressed temporary supply chain disruptions and manufacturing challenges encountered in Q4FY26, which impacted operations during that period.

The management noted an increase in working capital and receivables, attributing this to operational scaling. Collections commenced in H1FY27, signaling improved cash flow dynamics following the earlier disruptions. The successful public listing has contributed to an improvement in the debt-equity ratio.

Corporate Governance and Audits

Shareholders approved several ordinary and special resolutions:

• Reappointment of Ram Agarwal as a director retiring by rotation
• Appointment of M/s Valawat and Associates as statutory auditors
• Ratification of remuneration for cost auditor M/s Y R Doshi & Company for FY27

The Statutory Auditors’ Report contained no adverse remarks. M/s Sandeep P Parekh & Co served as the scrutinizer for the e-voting process, with results to be submitted to stock exchanges in compliance with SEBI Listing Regulations.

The Customs, Excise and Service Tax Appellate Tribunal (CESTAT) in Mumbai has dismissed an appeal filed by the Commissioner of Customs, Nhava Seva, Raigad, Maharashtra, against Prostarm Info Systems as withdrawn. The resolution concludes a legal proceeding concerning a disputed sum of ₹25.66 crore.

Prostarm Info Systems Limited informed the stock exchanges on August 20, 2026, that it appeared before the Hon’ble CESTAT to record the withdrawal of the appeal. This development follows an earlier disclosure dated April 10, 2026, wherein the company notified investors that the Customs Department had filed the appeal before the tribunal.

Litigation Status

The company confirmed that while the appeal has been dismissed as withdrawn, the formal order is yet to be uploaded on the CESTAT website. The proceedings did not involve any settlement terms, compensation, or penalty payments, nor did they impact key management personnel or promoters.

Regulatory Disclosure

The update was issued in compliance with Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The disclosure also references SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026. Sachin Gupta, Company Secretary and Compliance Officer, signed the communication.