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

Prostarm Info Systems Limited has secured a major contract from West Bengal Medical Services Corporation (WBMSC), Kolkata, after being declared the L-1 bidder for a comprehensive UPS supply and installation project worth ₹90.44 crores. The company announced this development through a regulatory filing under Regulation 30 of the SEBI Listing Regulations.

Contract Specifications

The awarded contract encompasses the supply, installation, testing, and commissioning of 6 KVA single phase input and single phase output online UPS systems, including batteries, across healthcare facilities throughout West Bengal. This project falls under the XV Finance Commission initiative and represents a significant addition to the company's order book.

Project Scope and Coverage

The contract covers an extensive network of healthcare facilities across West Bengal, totaling 3,439 installations. The comprehensive scope includes multiple categories of healthcare centers, ensuring widespread coverage of the state's medical infrastructure.

Regulatory Compliance and Business Impact

The company confirmed that this order was received in the normal course of business and complies with all regulatory requirements. The contract does not involve any related party transactions, and the promoter group has no interest in the awarding entity. Prostarm Info Systems Limited has 180 days from the contract award to complete the entire project scope.

Contract Terms and Execution

The project involves comprehensive services beyond just equipment supply, including professional installation, thorough testing, and complete commissioning of all UPS systems. This turnkey approach ensures that all healthcare facilities receive fully operational power backup solutions, critical for maintaining uninterrupted medical services across West Bengal's healthcare network.