Prostarm Info Systems Gets BSE Approval for Preferential Issue

Prostarm Info Systems Ltd has received in-principle approval from BSE Limited for a preferential issue of up to 28,98,717 Warrants. These warrants are convertible into an equal number of equity shares of Rs. 10 each, at a price of Rs. 147 per share. The issue is targeted towards non-promoters on a preferential basis. This development is significant for stakeholders as it indicates a potential capital infusion and expansion for the company.