Prostarm Info Systems Ltd

EV Swapping Private Limited, a promoter group member of Prostarm Info Systems Ltd, has been struck off by the Registrar of Companies, Pune, effective July 06, 2026. This action follows EV Swapping's voluntary application for strike-off. Consequently, EV Swapping is no longer considered part of the promoter group. The company states that this event will have no material impact on its operations or financial position. Further details are provided as per SEBI Listing Regulations.

Prostarm Info Systems Ltd has announced the closure of its trading window for dealing in the company's securities. This measure, effective from July 1, 2026, aligns with SEBI (Prohibition of Insider Trading) Regulations, 2015. The window will remain shut until 48 hours after the declaration of the un-audited financial results (Standalone and Consolidated) for the quarter ended June 30, 2026. All designated persons, their immediate relatives, and other insiders are advised not to trade in the company's equity shares during this period. The date of the board meeting to approve these financial results will be communicated separately.

Prostarm Info Systems Limited has been declared the L-1 bidder by the Karnataka State Fire and Emergency Services for the supply, installation, testing, and commissioning of 3 KVA UPS with Battery. The contract is valued at INR 4.03 Crores and is to be executed within 60 days. The company also issued a clarification regarding a previous intimation, correcting an inadvertent date error from June 3, 2026, to June 23, 2026, with no other information changed. This order is considered a domestic contract and does not involve any interest from promoters or promoter groups in the awarding entity.

Prostarm Info Systems Limited has been declared the L-1 bidder by Karnataka State Fire and Emergency Services for a contract valued at INR 4.03 Crores. The contract involves the Supply, Installation, Testing, and Commissioning of 3 KVA UPS with Battery, conforming to IS 16242. The order is expected to be executed within 60 days and has been received in the normal course of business. This award does not involve any interest from promoters or group companies and is not considered a related party transaction.

Prostarm Info Systems Limited announced a strategic realignment of its manufacturing and business operations. The Servo Stabilizer and Isolation Transformers business will move from Pune to Mahape, while the Lithium Battery manufacturing vertical will shift from Mahape to Ahmedabad. This move aims to enhance operational efficiency, optimize resource utilization, and strengthen focus on core business segments. The relocation is expected to be completed by August 2026. The affected businesses represent 1.34% and 6.55% of the company's total consolidated turnover of INR 385.77 Crores for FY26, respectively.

Prostarm Info Systems Ltd has appointed Mr. Ajay Satish Rao as Vice President – Operations and Mr. Prateek Srivastava as Business Unit Head, both as Senior Management Personnel (SMP) effective May 22, 2026. The appointments were based on the recommendation of the Nomination and Remuneration Committee and approved by the Board of Directors. Mr. Rao brings 15 years of experience in operations and project management, while Mr. Srivastava has 21 years of experience in marketing and business development.

Prostarm Info Systems Ltd has appointed Mr. Ajay Satish Rao as Vice President – Operations and Mr. Prateek Srivastava as Business Unit Head, both as Senior Management Personnel (SMP) of the company. The appointments were approved during the Board of Directors meeting held on May 22, 2026, following the recommendation of the Nomination and Remuneration Committee. Mr. Rao brings 15 years of experience, while Mr. Srivastava has 21 years of experience in their respective fields.

Prostarm Info Systems Ltd has appointed Mr. Ronak Mukesh Shah, a qualified Chartered Accountant, as the Internal Auditor for the Financial Year 2026-27. The appointment was approved by the Board of Directors in their meeting held on May 22, 2026. Mr. Shah has over 10 years of experience in internal audit, internal financial controls, and process consulting across various industries. He also has experience with ERP environments and regulatory frameworks.

Prostarm Info Systems Ltd re-appointed M/s. Y R Doshi & Company, Cost Accountants, as the Cost Auditor for the financial year 2026-27. The re-appointment was approved by the Board of Directors on May 22, 2026. M/s. Y.R. Doshi & Company has been registered under the Institute of Cost and Works Accounts of India since 1988. The firm will be paid a remuneration of ₹70,000 plus applicable taxes and reimbursement of expenses.

Prostarm Info Systems Ltd's Board of Directors approved the audited standalone and consolidated financial results for the quarter and financial year ended March 31, 2026. They also approved variation in IPO object, amendments to ESOP 2024, appointment of Mr. Ronak Mukesh Shah as Internal Auditor for FY 2026-27, re-appointment of M/s. Y R Doshi & Company as Cost Auditor for FY 2026-27, and appointment of Mr. Ajay Satish Rao and Mr. Prateek Srivastava as Senior Management Personnel.