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Prostarm Info Systems Limited, established in January 2008, specializes in energy storage and power conditioning equipment. Initially selling third-party batteries and UPS systems, it has since expanded into designing and EPC for rooftop solar PV projects.
Prostarm revised its AGM notice for a preferential issue of 28.98 lakh warrants at ₹147 each, raising ₹42.61 Cr for working capital. Revisions followed exchange observations, impacting allottee list and post-issue shareholding.
Prostarm Info Systems reports a Customs Department appeal for an INR 25.66 Cr dispute has been dismissed. This resolves a significant potential liability for the company.
Prostarm Info Systems' L-1 bidder status for a UPS supply contract with Karnataka State Fire and Emergency Services has been cancelled. This order will not proceed, impacting potential future revenue.
Prostarm reports the cancellation of its L-1 bidder status for two UPS supply tenders from West Bengal Medical Services Corporation. This means the company will not proceed with these potential orders, impacting its pipeline for new business.
Prostarm delayed commercial production at its 1.2 GWh BESS and Gujarat manufacturing facilities due to external factors and geopolitical conditions. Operations are now expected to commence on or before September 30, 2026, impacting the timeline for new capacity rollout.