Prostarm Info Systems has revised the timeline for commencing commercial production at its proposed manufacturing facilities to September 30, 2026. The company cited unavoidable circumstances, including external factors and prevailing geopolitical conditions, as reasons for the delay impacting the timely availability of required resources.

The facilities in question include a 1.2 GWh Battery Energy Storage System (BESS) Manufacturing Facility at Reliance MET, Jhajjar, Haryana, and a manufacturing facility at Bakrol, Gujarat. Prostarm Info Systems disclosed that the factory buildings for both facilities are substantially ready, despite the operational delay.

In a regulatory filing, the company referenced earlier intimations dated July 08, 2025, and December 30, 2025, regarding the establishment of these facilities. The revised schedule was communicated to BSE Limited and National Stock Exchange of India Limited under Regulation 30 of the SEBI Listing Regulations.

Prostarm Info Systems affirmed that it continues to monitor the situation closely and is taking necessary steps to expedite procurement. The company aims to commence commercial production at the earliest within the new timeline.

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.