Prostarm Info Systems Approves Business Realignment and MOU with Shenzhen Topband
Prostarm Info Systems Limited announced decisions taken by its Board of Directors during a meeting held on April 7, 2026. The board approved significant operational shifts, including a strategic realignment of its business units, alongside signing a Memorandum of Understanding (MOU) with Shenzhen Topband Co. Ltd. concerning Battery Energy Storage Systems (BESS).The board approved the strategic realignment of business operations aimed at enhancing efficiency and focusing on core business areas. This realignment involves the gradual shifting of the major UPS-related business operations from the Company's Pisoli Unit. These operations, along with the corresponding unit of its wholly owned subsidiary, Prostarm Energy Systems Private Limited (WOS), located in Pisoli, Pune, Maharashtra, will be relocated to the Company's Bakrol Unit in Gujarat.
Details regarding the unit realignment show that for the financial year 2024-25, the consolidated turnover of the Company was INR 350.64 Crores. Of this, the UPS related business operations at the Company's Pisoli Unit contributed INR 11.88 Crores, equating to approximately 3.39% of the total consolidated turnover. The UPS related business operations of Prostarm Energy Systems Private Limited (WOS) reported NIL turnover. The transition and relocation of these operations are expected to be completed on or before November 2026. The rationale provided for these actions is a strategic realignment to optimize resources, enhance efficiency, and achieve better economies of scale.
Collaboration Framework with Shenzhen Topband
Separately, the board approved the signing of an MOU with Shenzhen Topband Co. Ltd, a limited liability company incorporated under the laws of the People's Republic of China. The MOU aims to establish a collaborative framework for exploring a potential strategic alliance for Exclusive Cooperation under BESS.Under this collaborative framework, Shenzhen Topband Co. Ltd will supply Semi-Knocked Down (SKD) BESS kits, technology, and technical know-how. Prostarm Info Systems will manage local assembly, integration, and commercialization within India. The Company plans to cater to commercial & industrial (C&I), Home / Commercial BESS, and utility-scale projects in India. This collaboration is stated to align with the 'Make in India' initiative and support domestic value addition.
Key financial details concerning this agreement indicate that the Company shall provide a minimum purchase commitment of USD 10,000,000 over a period of 18 months from the date of the first commercial order, subject to mutually agreed schedules.
A comparative view of the size of the entities involved is provided below:
| Entity | Turnover Details |
|---|---|
| Prostarm Info Systems Limited | INR 27,863.22 Lakhs (for Nine Month ended as on 31 December, 2025) |
| TOPBAND | CNY 11,08,22,09,740 for Year ended as on 31 December, 2025 |
The proposed strategic alliance seeks to leverage advanced BESS technology and global expertise from TOPBAND, intending to strengthen manufacturing capabilities in India and accelerate market development in the Indian energy storage sector.
PROSTARM Stock Price Movement
Prostarm Info Systems Limited shares edged higher today, closing at ₹130.79 after gaining 0.83%. The stock saw considerable trading activity, completing the day with a volume of 316,722 shares.Source:
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