Prostarm Info Systems Limited has announced the appointment of two Senior Management Personnel (SMP) effective May 22, 2026. The Board of Directors approved the appointments based on the recommendation of the Nomination and Remuneration Committee. Mr. Ajay Satish Rao has been appointed as Vice President – Operations and Mr. Prateek Srivastava as Business Unit Head. Both executives join on a full-time employment basis.

Management Profiles

Mr. Ajay Satish Rao holds a Bachelor of Engineering in Computer Science and a Master's degree in Marketing from Mumbai University. He is a Six Sigma certified professional with over 15 years of experience in Operations, Project Management, and Service Delivery. He previously served as Head of Operations – Asia Pacific at Fidelity National Information Services (FIS) and held senior leadership roles at NCR.

Mr. Prateek Srivastava holds a Master of Business Law (MBL), a Bachelor of Laws (LLB), and a Bachelor of Commerce (B.Com) from Lucknow University. He brings over 21 years of experience in Marketing, Business Development, and Strategic Planning across the Telecom, Power Transmission, and Solar sectors. His previous roles include General Manager – Business Development & Operations at Coslight India telecom Private Limited.

Appointment Details

The appointments were disclosed to the stock exchanges under Regulation 30 of the SEBI Listing Regulations. The company confirmed that there are no disclosures of relationships between directors and the appointed personnel required to be reported.

Prostarm Info Systems Limited has approved the grant of 3,21,750 Employee Stock Options to an eligible employee, including those of a subsidiary company. The decision was made by the company's Nomination and Remuneration Committee during its meeting on May 22, 2026, under the 'Prostarm Employee Stock Option Plan 2024' (ESOP 2024).

The options granted correspond to 3,21,750 equity shares of Rs.10 each. The exercise price for these options has been fixed at Rs.50 per share. The scheme is compliant with the Securities and Exchange Board of India (SBEB) Regulations, 2014, and the SEBI (SBEBSE) Regulations, 2021.

Key Details of the Grant

The following table outlines the specific details regarding the grant of options:

Terms and Conditions

The options granted will vest in accordance with the conditions specified in the grant letter and the ESOP 2024. There is no lock-in period applicable to the equity shares arising from the exercise of these options. Once allotted, these shares will rank pari-passu with existing equity shares of the company.

In the event of corporate actions such as a rights issue, bonus issue, sub-division, consolidation, or merger, the company will make reasonable adjustments to the number of options and/or the exercise price as per the provisions of ESOP 2024.