Prostarm Info Systems Limited (PROSTARM) — Board Meeting

📢 Key Event
Board approved audited FY2026 results and pending shareholder matters

🔄 What Changed
Net profit increased to ₹4671.90 lakhs from ₹4133.68 lakhs; cash and cash equivalents rose to ₹14893.48 lakhs

🔮 What's Next
Shareholder approval required for IPO variation and ESOP amendment

💡 Investor Takeaway
Approved financials show growth, but pending shareholder votes on capital allocation and equity plans may impact future flexibility

Prostarm Info Systems Limited announced the outcome of its May 22, 2026 board meeting, approving audited standalone and consolidated financial results for FY2026 with an unmodified opinion from Mansaka Ravi & Associates. The board authorized a variation in IPO proceeds utilization and ESOP 2024 amendments pending shareholder approval, reappointed internal and cost auditors, and appointed senior management. Cash and cash equivalents stood at ₹14893.48 lakhs, up from prior year, with net profit rising to [amount context mismatch] lakhs. The company operates in 'Customized Power Electronic Solutions' and filed postal ballot for shareholder votes on key matters.

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