Prostarm Info Systems (PROSTARM) — Board Meeting

📢 Key Event
Board authorized to modify preferential issue terms without shareholder consent

🔄 What Changed
Board gained authority to adjust issue terms post-approval; no prior shareholder consent needed for modifications

🔮 What's Next
Funds to be utilized for working capital within 24 months, with 25% upfront and 75% upon warrant exercise

💡 Investor Takeaway
This issue raises capital for operations without immediate dilution, but warrants may dilute ownership upon conversion, potentially affecting future share value.

Prostarm Info Systems Ltd issued a corrigendum to its AGM notice dated August 31, 2026, clarifying revisions to Item No. 6 concerning a proposed preferential issue of up to 2,898,717 convertible warrants at Rs. 147 per warrant, aggregating Rs. 42.61 crore for working capital. The board is authorized to modify terms without shareholder consent, with full compliance to SEBI ICDR Regulations and a special resolution required. Funds will be received 25% upfront and 75% upon exercise within 18 months, and the issue price exceeds the SEBI floor price of Rs. 146.94.

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About Prostarm Info Systems Ltd (PROSTARM)

Capital Goods · Capital Goods - Electrical Equipment · Listed on BSE

Market Cap: ₹775.97 Cr P/E: 20.7 ROE: 12.5% ROCE: 14.3%

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Source: Stock Announcements. Analysis by StockFin.ai. For informational purposes only — not investment advice.

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