Board Meeting12 Aug 2026, 06:02 pm
Prostarm Info Systems to issue 29.4L warrants worth ₹43.27 Cr
AI Summary
Prostarm Info Systems Ltd announced the issuance of up to 29,43,717 Fully Convertible Warrants at an issue price of ₹147 per warrant, aggregating to ₹43,27,26,399. This preferential issue is targeted at Non-Promoter Investors. The company also disclosed its Unaudited Standalone and Consolidated Financial Results for the quarter ended June 30, 2026, reporting a Profit Before Tax of ₹672.73 Lakhs and Profit After Tax of ₹501.26 Lakhs. The Board approved the appointment of M/s. Valuot and Associates Chartered Accountants as Statutory Auditors for a five-year term and alteration of the MOA, subject to shareholder approval at the upcoming AGM on September 11, 2026.
Key Highlights
- Issuance of 29.4L warrants at ₹147 each, raising ₹43.27 Cr.
- Q1 FY27 PAT stands at ₹501.26 Lakhs.
- New statutory auditors appointed for a five-year term.
- AGM scheduled for September 11, 2026, to approve key resolutions.
- Operational commencement delayed, now expected by September 30, 2026.
Price Impact
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