Prostarm Info Systems has secured shareholder approval to alter the utilisation of proceeds from its Initial Public Offer (IPO) and amend its employee stock option plans. The resolutions were passed through a remote e-voting postal ballot process that concluded on June 25, 2026.

The postal ballot sought consent on three special resolutions. The first resolution aimed to approve the variation in the objects of the issue and the variation in the utilisation of proceeds of the IPO. The second and third resolutions sought approval for amendments in the Prostarm Employee Stock Option Plan 2024 ("ESOP 2024") for employees of the company and its subsidiary companies, respectively.

Voting Results

Sandeep P Parekh & Co, Company Secretaries, served as the scrutinizer for the process. The remote e-voting period commenced on May 27, 2026, and concluded on June 25, 2026. A total of 42,947,267 votes were polled across all resolutions, representing approximately 72.95% of the total outstanding shares.

The table below details the voting outcome for each resolution:

Procedural Details

The record date for determining eligibility was May 22, 2026, with 42,893 shareholders on record. Promoters held 42,882,736 shares and voted entirely in favour of all resolutions. Public non-institutional shareholders cast the majority of votes against the resolutions, though the overall approval percentage exceeded 99.9% for each item.

The scrutinizer confirmed that the postal ballot was conducted in accordance with the provisions of the Companies Act, 2013, and the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company engaged NSDL to facilitate the remote e-voting process.

Prostarm Info Systems Limited has been declared the L-1 bidder for a contract worth ₹4.03 Crores from the Karnataka State Fire and Emergency Services. The order entails the supply, installation, testing, and commissioning of 3 KVA UPS systems with batteries conforming to IS 16242. The contract is expected to be executed within a period of 60 days.

The order was received in the normal course of business and does not involve any related party transactions. There is no interest held by the promoter, promoter group, or group companies in the entity that awarded the contract. The disclosure was made to the stock exchanges in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Order Details

The following table outlines the key particulars of the contract awarded to Prostarm Info Systems: