Prostarm Info Systems Faces Customs Department Appeal Against Favorable Order Worth INR 25.66 Crore

Prostarm Info Systems Limited has received notification that the Customs Department has filed an appeal against a previously favorable customs order, potentially reopening a dispute involving INR 25.66 crore. The company disclosed this development to stock exchanges on April 10, 2026, under regulatory compliance requirements.

Background of the Customs Dispute

The current appeal stems from an Order-In-Original that Prostarm Info Systems Limited received on August 05, 2025. This original order had provided significant relief to the company by confirming no liability towards the disputed amount of INR 25.66 crore and dropping all proceedings against the ongoing dispute mentioned in a Show Cause Notice dated May 21, 2024.

Case Details:	Information
Disputed Amount:	INR 25.66 crore
Original Order Date:	August 05, 2025
Show Cause Notice Date:	May 21, 2024
Appeal Filing Authority:	Commissioner of Customs, Nhava Seva, Raigad, Maharashtra

Current Legal Development

The Customs Department has now escalated the matter by filing an appeal against the favorable Order-In-Original before the Hon'ble Customs, Excise and Service Tax Appellate Tribunal, Mumbai. This development represents a significant change in the litigation status, as the customs authorities are challenging the previous decision that had cleared the company of any liability.

The appeal has been filed by the Commissioner of Customs, Nhava Seva, Raigad, Maharashtra, indicating the department's disagreement with the tribunal's earlier favorable ruling for Prostarm Info Systems Limited.

Company's Response and Next Steps

Litigation Status:	Details
Current Status:	Appeal filed by Customs Department
Tribunal:	Customs, Excise and Service Tax Appellate Tribunal, Mumbai
Company Action:	Evaluating further course of action
Regulatory Compliance:	Disclosed under SEBI Listing Regulations

Prostarm Info Systems Limited has stated that it is currently in the process of evaluating its further course of action in response to this appeal. The company has fulfilled its regulatory obligations by providing detailed disclosure pursuant to Regulation 30 of SEBI Listing Regulations, ensuring transparency with stakeholders about this significant legal development.

Regulatory Compliance

The company has provided comprehensive details as required under the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements Regulations), 2015. The disclosure includes information about the authority involved, changes in litigation status, and current developments in the proceedings.

This appeal represents a continuation of the customs dispute that initially arose from the Show Cause Notice dated May 21, 2024, demonstrating the ongoing nature of regulatory challenges that can affect corporate operations even after receiving favorable initial rulings.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
+4.16%	+16.99%	+15.27%	-24.16%	+16.43%	+16.43%

Prostarm Info Systems Limited has completed its regulatory filing by submitting the mandatory certificate under Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018 for the quarter ended March 31, 2026. The submission was made on April 08, 2026, to both BSE Limited and National Stock Exchange of India Limited.

Regulatory Compliance Filing

The certificate submission was executed by Company Secretary and Compliance Officer Sachin Gupta, who digitally signed the document on April 08, 2026. The filing ensures compliance with SEBI's depositories regulations, which mandate quarterly reporting of securities dematerialization and rematerialization activities.

Filing Details:	Information
Quarter Period:	March 31, 2026
Filing Date:	April 08, 2026
Regulation:	SEBI Regulation 74(5)
Filed By:	Sachin Gupta, Company Secretary
Membership No:	F12500

Registrar Certification Process

KFin Technologies Limited, serving as the company's Registrar and Transfer Agent, provided the necessary certificates to both Central Depository Services (India) Limited and National Securities Depository Limited. The certificates, dated April 01, 2026, were signed by Dnyanesh Gharote, Vice President at KFin Technologies Limited.

The registrar confirmed that all details of securities dematerialized and rematerialized during the quarter ended March 31, 2026 have been properly furnished to all stock exchanges where Prostarm Info Systems Limited shares are listed, as required under the SEBI regulations.

Stock Exchange Communication

The regulatory filing was submitted to both major Indian stock exchanges where the company's shares are traded:

Exchange:	Details
BSE Limited:	Script Code 544410
NSE Limited:	Symbol PROSTARM
Company Address:	Plot No. EL 79, Electronic Zone, TTC, MIDC, Navi Mumbai, Thane 400710

Compliance Framework

This quarterly certificate submission forms part of the ongoing regulatory compliance framework that listed companies must adhere to under SEBI guidelines. The Regulation 74(5) specifically addresses the reporting requirements for depositories and participants, ensuring transparency in the dematerialization and rematerialization processes of securities.

The successful submission of this certificate demonstrates Prostarm Info Systems Limited's commitment to maintaining regulatory compliance and transparency in its share transfer operations, providing stakeholders with assurance regarding proper handling of securities transactions during the quarter.