Prostarm Info Systems Limited has submitted its annual disclosure to BSE Limited and the National Stock Exchange of India Limited, in compliance with Regulation 31(4) of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeover) Regulations, 2011. The filing, dated April 03, 2026, was submitted by Company Secretary and Compliance Officer Sachin Gupta and covers the financial year ended March 31, 2026.

Promoter Shareholding and Encumbrance Status

The declaration was made on behalf of the promoters and promoter group of Prostarm Info Systems Limited by promoter Ram Agarwal, signed at Mahape, Navi Mumbai on April 03, 2026. The filing confirms that the promoter and promoter group, including persons acting in concert, have not created any encumbrance — either directly or indirectly — on their shareholding in the company during the financial year ended March 31, 2026.

The key details of the promoter shareholding covered under this disclosure are as follows:

Regulatory Compliance

The disclosure has been filed pursuant to Regulation 31(4) of the SEBI (Substantial Acquisition of Shares and Takeover) Regulations, 2011, which mandates promoters and promoter groups of listed companies to submit an annual declaration regarding the encumbrance status of their shareholding. The filing has been addressed to both BSE Limited and the National Stock Exchange of India Limited, and a copy has been marked to the Chairperson of the Audit Committee of Prostarm Info Systems Limited.

The compliance filing was signed and submitted by Sachin Gupta, Company Secretary and Compliance Officer (Membership No: F12500), on behalf of Prostarm Info Systems Limited.

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.

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

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.