Prostarm Info Systems Clarifies Valuation Methodology for Preferential Issue

Prostarm Info Systems Ltd has issued a clarification regarding the valuation methodology used for its preferential issue. The company states that the fair value of equity shares, determined at Rs. 145.78 per share, was based solely on the Market Approach (Market Price Method) as per the Registered Valuer's report. Prostarm clarifies that previous statements in the AGM Notice and its corrigendum, which mentioned the Cost Approach (Net Asset Value Method) and Income Approach (DCF Method) as also being considered, were inadvertent. The company aims to ensure accurate records with the stock exchanges regarding the valuation process for the preferential issue.