Prostarm Info Systems Ltd

MOU cancellation

• Cancellation of MOU with Shenzhen Topband for exclusive BESS project.
• Project deemed not technically or economically viable.
• Strategic realignment and market conditions drove discontinuation.
• No material financial or operational impact reported.
• Company will continue pursuing opportunities aligned with strategy.

Valuation methodology clarification

• Clarify the valuation methodology used for fair value of equity shares under the preferential issue.
• Preferential Issue of 2,898,717 Equity Shares of Rs 10 each is involved.
• Fair value was determined by Market Approach (Market Price Method) per the Valuation Report.
• AGM Notice's reference to Cost, Income, and Market Approaches was inadvertent and should be read accordingly.
• Company confirms the valuation at Rs 145.78 per share was based on Market Approach.
• Statement in AGM Notice to use multiple approaches is not reflected in the Valuation Report.
• Intimation to stock exchanges to reflect the corrected methodology will be made.
• Intimation will be available on the company website.
• Signatory: Sachin Gupta, Company Secretary and Compliance Officer.

Prostarm Info Systems Ltd – Trading Window closed from October 01, 2026 until 48 hours after the declaration of un-audited Financial Results (Standalone and Consolidated) for the Quarter and Half Year ended September 30, 2026.

Order details

• Awarding entity: Rayzon Energy Private Limited.
• Scope: SITC of 2400 kVA and 500 kVA UPS with batteries and accessories.
• Contract value: Rs. 3.67 Crores.
• Delivery: Within 5-6 weeks from PO date.
• Contract type: Supply and Installations.
• Warranty: UPS 5 years; Batteries 3 years.
• Related party: None; arm's-length not applicable.
• Promoter/group interest: None.

Commencement of operations

• Commencement of operations at three facilities on September 25, 2026.
• Facilities include 1.2 GWh BESS in Jhajjar, UPS and Lithium Battery in Bakrol, and Servo stabilizers in Mahape.

Meeting Details

• Date: Tuesday, September 29, 2026; time not disclosed.
• Type/Mode: Virtual investor conference.
• Organizer: Arihant Capital Markets Ltd.
• Event: Bharat Connect Conference: RisingStars.
• Purpose: Public information discussion; UPSI not planned.
• Key participants: Company management; Company Secretary & Compliance Officer.

Meeting Details

• Date and time: September 24, 2026; time not disclosed.
• Type and mode: One-to-one, in-person.
• Organizer: Valorem Advisors.

Participants

• Key company participant: Company Secretary and Compliance Officer.

Purpose

• Purpose: One-on-one investor interactions based on publicly available information.

Additional Notes

• Notes: Schedule subject to change due to exigencies.

AGM Details

• Date: 11 September 2026; Time: 03:00 P.M. IST; Mode: VC/OAVM; Record date: 04 September 2026.

Key Resolutions and Outcomes

• Adopt audited standalone and consolidated financial statements for the year ended 31 March 2026; ordinary; passed.
• Re-appoint Ram Agarwal as Director, liable to retire by rotation; ordinary; passed.
• Appoint Valawat & Associates as Statutory Auditors; ordinary; passed.
• Ratify remuneration payable to Y R Doshi & Co. as Cost Auditor for FY 2026-27; ordinary; passed.
• Alter the Objects Clause of the Memorandum of Association; special; passed.
• Issue Fully Convertible Warrants on a preferential basis; special; passed.

Dividend

• Dividend: Not proposed or declared.

Director Changes

• Ram Agarwal re-appointed as Director, liable to retire by rotation.

Auditor Appointments

• Valawat & Associates appointed as Statutory Auditors; tenure not specified.

Material Related Party Transactions

• Material related party transactions: none disclosed.

AGM Details

• AGM held Sep 11, 2026 at 3:00 PM IST via VC/OAVM; concluded 4:20 PM.
• Remote e-voting held Sep 8–10, with AGM e-voting extended 15 minutes.
• 48 members attended via VC.

Resolutions

• Item 1 (Ordinary): Adopt standalone and consolidated financial statements for FY ended 31 March 2026.
• Item 2 (Ordinary): Re-appoint Ram Agarwal as Director, liable to retire by rotation.
• Item 3 (Ordinary): Appoint M/s Valawat and Associates as Statutory Auditors.
• Item 4 (Ordinary): Ratify remuneration payable to Cost Auditor for 2026-27.
• Item 5 (Special): Alter the Objects Clause of the Memorandum of Association.
• Item 6 (Special): Issue Fully Convertible Warrants on a preferential basis.
• Voting results pending; to be submitted to exchanges and the website.

Directors

• Ram Agarwal reappointed; term by rotation.

Auditors

• M/s Valawat and Associates appointed as Statutory Auditors.

Capital Actions

• Proposed fund raising of approximately ₹42.61 crore via fully convertible warrants issued on a preferential basis.