Prostarm Info Systems Announces Capital Raise and Shares Quarterly Financial Results

Prostarm Info Systems Announces Capital Raise and Shares Quarterly Financial Results​

Prostarm Info Systems Limited announced several material updates following its Board meeting held on August 12, 2026. The company reported its unaudited standalone and consolidated financial results for the quarter ending June 30, 2026. In a significant corporate action, Prostarm also detailed plans to raise funds by issuing Fully Convertible Warrants (FCWs).

Key resolutions passed by the Board included the approval of these financial results, the appointment of new statutory auditors, and an alteration of the company’s Memorandum of Association (MOA) related to its business objects.

Financial Performance Review (Quarter ended June 30, 2026)​

The company released unaudited standalone and consolidated financial results for the quarter ending June 30, 2026, accompanied by a Limited Review Report from the statutory auditors.

According to the Unaudited Standalone Financial Results:


The Unaudited Consolidated Financial Results for the quarter also showed figures comparable across periods:

Capital Raising through Warrants​

The Board meeting saw the approval for raising funds by issuing and allotting up to 29,43,717 Fully Convertible Warrants (FCWs). These warrants are convertible into one fully paid-up Equity Share of the Company, which has a face value of Rs. 10/- each.

The issuance is designed to raise capital in total, aggregating up to Rs. 43,27,26,399/- at an issue price of Rs. 147/- per Warrant. The funds are being raised on a preferential basis to Non-Promoter Investors.

A total of 29,43,717 warrants were allotted across 22 investors, including Mrs. Pushpa Rani Bakliwal (110,421 Warrants), Mr. Amol Satish Godha (110,421 Warrants), and Mrs. Reshma Chapra (707,250 Warrants).

The offering structure includes a down payment of 25% of the issue price upon subscription, with the remaining balance of 75% payable upon the exercise or conversion of the warrants. The company noted that upon full conversion of all warrants into Equity Shares, the paid-up equity share capital is expected to increase from 5,88,74,592 Equity Shares to 6,18,18,309 Equity Shares.

Governance and Operational Updates​

Statutory Auditor Appointment:
The company approved the appointment of M/s. Valawat and Associates Chartered Accountants (Firm Registration No.: 003623C) as the Statutory Auditors for a term of five consecutive years. This appointment is subject to shareholder approval at the forthcoming 19th Annual General Meeting of the Company, which is scheduled for September 11, 2026.

Memorandum Alteration:
The Board also approved an alteration to the Object Clause of the Memorandum of Association (MOA), detailing new business activities including providing end-to-end system integration, information technology infrastructure solutions, and digital technology services across various domains like cybersecurity, AI, and renewable energy integration.

Operational Status:
In a separate update regarding the company’s operational activities, Prostarm Info Systems informed that while the necessary infrastructure and facilities are substantially ready for certain business operations, commencement of these operations has been delayed as the requisite regulatory license/approval is still awaited. The company now anticipates commencing such operations on or before September 30, 2026.

A meeting of the Board of Directors concluded at 04:24 p.m.

PROSTARM Stock Price Movement​

Shares of Prostarm Info Systems Limited slipped by 3.77% to settle at ₹142.50 in post-market trading today. The stock traded 256,986 shares, completing the day within a trading range spanning from a low of ₹140.00 to a high of ₹149.55.