Prostarm Info Systems Ltd

Prostarm Info Systems Limited announced that an appeal filed by the Customs Department before the Hon’ble Customs, Excise and Service Tax Appellate Tribunal (CESTAT), Mumbai, has been dismissed as withdrawn. The company had previously informed about this appeal on April 10, 2026. The disputed amount involved was INR 25.66 Crores. The official order is pending upload on the CESTAT website. This development resolves a significant legal proceeding for the company.

Prostarm Info Systems Ltd has announced the details for its 19th Annual General Meeting (AGM), scheduled for Friday, September 11, 2026, at 03:00 p.m. (IST). The meeting will be conducted via Video Conferencing (VC)/ Other Audio-Visual Means (OAVM). Key agenda items include the adoption of audited standalone and consolidated financial statements for the financial year ended March 31, 2026, the re-appointment of Mr. Ram Agarwal as a Director, and the appointment of M/s Valawat and Associates as Statutory Auditors for a term of five years. The cut-off date for e-voting is September 04, 2026, with e-voting commencing on September 08, 2026, and concluding on September 10, 2026. The AGM notice is available on the company's website.

Prostarm Info Systems Ltd has filed its 19th Annual Report for the Financial Year 2025-26. The report details the company's performance, strategic priorities, and financial highlights. Key financial figures for FY25-26 include Revenue of ₹38,577 lakhs, EBITDA of ₹5,216 lakhs, and Profit After Tax (PAT) of ₹3,300 lakhs, showing year-on-year growth of 10%, 10%, and 14.40% respectively. The company emphasizes its role in powering growth through innovative solutions in energy storage and power conditioning, highlighting investments in Battery Energy Storage Systems (BESS) and UPS manufacturing. The report also covers corporate overview, business segments, manufacturing footprint, and ESG initiatives. The Annual Report and Notice of the 19th AGM, scheduled for September 11, 2026, have been made available to shareholders.

Prostarm Info Systems Ltd has filed its 19th Annual Report for the Financial Year 2025-26. The report details the company's performance, strategic priorities, and financial highlights, including Revenue of ₹38,577 lakhs, EBITDA of ₹5,216 lakhs, and Profit After Tax (PAT) of ₹3,300 lakhs. These figures represent year-on-year growth of 10% for Revenue and EBITDA, and 14.40% for PAT. The company emphasizes its role in powering growth through innovative solutions in energy storage and power conditioning, highlighting advancements in its Battery Energy Storage System (BESS) and UPS manufacturing. The Annual Report also includes the Notice of the 19th Annual General Meeting (AGM), scheduled for September 11, 2026, to be held via Video Conferencing.

Prostarm Info Systems Ltd has filed its Monitoring Agency Report for the quarter ended June 30, 2026. The report, issued by Acuite Ratings & Research Limited, confirms no deviation in the utilization of IPO proceeds. Initially earmarked for acquisitions, strategic initiatives, and general corporate purposes (₹1248.31 Lakhs), the unutilized funds were redeployed towards working capital requirements after board and shareholder approval. A portion of ₹17.958 Cr was also allocated for prepayment of borrowings. The company's financial health and operational viability appear stable based on this report.

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.

Prostarm Info Systems Ltd announced the appointment of M/s. Valawat and Associates Chartered Accountants as its new Statutory Auditors. The decision was approved by the Board of Directors on August 12, 2026, upon the recommendation of the Audit Committee. The appointment is for a term of five consecutive years, commencing from the conclusion of the upcoming 19th Annual General Meeting until the conclusion of the 24th Annual General Meeting for the Financial Year 2030-31. This appointment is subject to shareholder approval at the forthcoming AGM. M/s. Valawat and Associates, established in 1987, has offices in Udaipur and Mumbai and extensive experience across various industries.

Prostarm Info Systems Ltd announced that its Board of Directors, in a meeting held on August 12, 2026, approved amendments to the Object Clause of the Memorandum of Association (MOA). These changes, subject to member approval at the upcoming 19th Annual General Meeting, involve inserting a new sub-clause. This new clause expands the company's business scope to include a wide range of end-to-end system integration, IT infrastructure solutions, and digital technology services. The expanded scope covers areas like cloud, data center, cybersecurity, IoT, AI, ML, energy storage systems, and renewable energy integration, catering to various clients in India and abroad.

Prostarm Info Systems Ltd's Board of Directors met and approved the Unaudited Standalone and Consolidated Financial Results for the Quarter ended June 30, 2026, along with the Limited Review Report. The board also approved the appointment of M/s. Valawat and Associates Chartered Accountants as Statutory Auditors for a five-year term. Additionally, the company will seek shareholder approval for altering its Memorandum of Association and for raising funds up to ₹43.27 crore through the issuance of Fully Convertible Warrants on a preferential basis to non-promoter investors. The 19th Annual General Meeting is scheduled for September 11, 2026, to approve these matters. The company also provided an update on the delayed commencement of certain business operations, now expected by September 30, 2026, pending regulatory approval.

Prostarm Info Systems' consolidated Q1 FY27 (quarter ended June 30, 2026) revenue came in at ₹76.05 Cr, up 38.5% year-on-year from ₹54.91 Cr in Q1 FY26, while consolidated PAT more than doubled to ₹4.58 Cr from ₹1.83 Cr — a 150.5% YoY jump, aided by a soft year-ago base. Sequentially, both lines pulled back sharply (revenue -27.2% QoQ, PAT -42.4% QoQ) from Q4 FY26's ₹104.45 Cr/₹7.95 Cr print, which had been boosted by deferred March-quarter order execution; the Q1 moderation looks like a reversion after that catch-up rather than a fresh slowdown. Margins expanded YoY but compressed QoQ: OPM was 8.53% versus 7.10% a year ago and 10.48% last quarter, while NPM rose to 5.83% from 3.28% YoY but eased from 7.45% in Q4. Both remain well below the 12-13% EBITDA margin and 8.5-9.5% PAT margin range management guided for FY27 on the May 2026 call, even as the quarter's 38.5% YoY revenue growth already runs ahead of the "minimum 25%" full-year revenue guidance. No street/analyst consensus for this quarter could be located — Prostarm has limited formal sell-side coverage as a recently listed small-cap — so the print is assessed only against management's own guidance, which it beat on revenue pace but missed on margin trajectory. Standalone PAT of ₹5.01 Cr ran about 9% ahead of the consolidated ₹4.58 Cr; the gap traces to a combined ₹0.43 Cr net loss at two BESS subsidiaries (Prostarm Energy Systems and Prostarm Karnataka Bess) this quarter, not a materially different operating story. Alongside results, the board raised ₹43.27 Cr via 29.44 lakh fully convertible warrants at ₹147 each to non-promoter investors — proceeds likely feed the Jhajjar and Gujarat capacity expansion flagged in the FY27 guidance — appointed Valawat & Associates as statutory auditor, and amended the MOA to formally add IT infrastructure, data-center and BESS-EPC services to its object clause, consistent with management's stated plan to hive off BESS developer projects and focus on EPC execution. Separately, a Karnataka Fire Department UPS order was cancelled in July at the bid stage (no contract had been signed), a modest negative against the ₹1,202 Cr order book cited as the base for FY27 growth. No management press release with quarter commentary was available to cross-check against these figures. Going into Q2 FY27, the read-through is a company still growing fast off a small base but yet to prove out the EBITDA/PAT margin structure management promised for the full year — the next 1-2 quarters need to show OPM and NPM trending back toward guided levels for the FY27 targets to stay credible.