Prostarm Info System

** Shares of Prostarm Info Systems PRON.NS up 3.8% at 132.67 rupees, snapping three consecutive sessions of losses

** Electric utilities company wins order worth 36.7 million rupees ($383,640.40) from Rayzon Energy

** Order for supply, installation of uninterruptible power supply systems

** PRON also to commence operations in new facilities in Haryana, Gujarat, and Maharashtra

** YTD, shares down 25.39%

($1 = 95.6625 Indian rupees)

(Reporting by Saikeerthi in Bengaluru)

(([email protected]; (+91) 8296756080))

Prostarm Info Systems completed installation of plant and machinery and trial runs at three facilities and set 25 September 2026 as the start of operations. The units comprised the 1.2 GWh battery energy storage systems facility at Jhajjar, Haryana, the new UPS and lithium battery manufacturing operations at Bakrol, Gujarat, and servo stabilizer and isolation transformer operations at Mahape, Maharashtra. The Jhajjar battery plant was built for about ₹25 crore with full-utilisation revenue potential of ₹1,000-1,200 crore. The company reported revenue of ₹385.8 crore in the year to March, with manufactured power products accounting for 38% and system integration for 32%. Trade receivables stood at ₹231 crore in June, down from ₹254.6 crore at the March year-end, while working capital days improved to 168 from 185.

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Sept 22 (Reuters) - Prostarm Info Systems Ltd PRON.NS:

• PROSTARM INFO SYSTEMS - RECEIVES PURCHASE ORDER FROM RAYZON ENERGY FOR 2400 KVA AND 500 KVA UPS

• PROSTARM INFO SYSTEMS - GOT ORDER WORTH 36.7 MILLION RUPEES

Source text: ID:nBSE3zZQyg

Further company coverage: PRON.NS

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An appeal filed by the Commissioner of Customs, Nhava Seva, was dismissed as withdrawn when Prostarm appeared before CESTAT Mumbai. The case involved a disputed amount of ₹25.66 crore, while the tribunal's written order had yet to be uploaded. Prostarm had first identified the customs appeal in an April 2026 announcement. For the year ended March 2026, it reported revenue of ₹385.8 crore, net profit of ₹33 crore and trade receivables of ₹254.6 crore.

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Aug 20 (Reuters) - Prostarm Info Systems Ltd PRON.NS:

• PROSTARM INFO SYSTEMS - APPEAL FILED BY MAHARASHTRA CUSTOMS BODY DISMISSED BY TRIBUNAL

Source text: ID:nBSE87gbRQ

Further company coverage: PRON.NS

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Prostarm Info Systems’ August investor presentation for the June quarter reported revenue from operations of ₹76 crore and profit after tax of ₹4.6 crore. During Q1 FY27, Prostarm secured a ₹165 crore solar EPC order from Solarium Green Energy and ₹11.3 crore of BESS projects. Order in hand stood at ₹1,085.2 crore across 117 projects, including ₹875.4 crore in BESS and ₹185.1 crore in solar EPC. The company’s 1.2 GWh BESS facility at Jhajjar was nearing commissioning, while a Gujarat facility for UPS systems from 1 kVA to 600 kVA was under construction.

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Prostarm Info Systems’ board approved a proposal to raise up to ₹43.27 crore through 29.44 lakh fully convertible warrants issued on a preferential basis to non-promoter investors. The warrants were priced at ₹147 each, with 25% payable on subscription and the balance on conversion, subject to shareholder approval at the company’s September 11 annual meeting. Reshma Chapra was the largest proposed allottee with 707,250 warrants among the 22 investors listed. The board also approved June-quarter results showing standalone revenue of ₹75.8 crore and profit after tax of ₹5.0 crore; consolidated revenue was ₹76.0 crore and profit was ₹4.6 crore. Prostarm said infrastructure for previously announced operational facilities was substantially ready, but commencement had been delayed pending a regulatory licence and was expected by September 30. FY26 revenue was ₹386 crore as the company moved from trading and IT solutions towards manufactured power equipment and battery-storage systems.

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Prostarm’s board approved unaudited consolidated results for the June 2026 quarter, with revenue from operations of ₹76.05 crore and profit after tax of ₹4.58 crore, against ₹54.91 crore and ₹1.83 crore a year earlier. It also approved raising up to ₹43.27 crore through 29.44 lakh fully convertible warrants priced at ₹147 each, to be issued on a preferential basis to non-promoter investors subject to shareholder approval. The board broadened the company’s objects to include system integration, digital technology and battery-energy-storage projects, while operations at its facilities were delayed pending a regulatory licence and were expected to commence by September 30. FY26 consolidated revenue was ₹385.77 crore, while the company had a ₹102 crore post-IPO fixed-deposit liquidity buffer and an order book of ₹1,106 crore in May 2026.

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Prostarm's board approved a proposal to issue up to 29,43,717 fully convertible warrants to non-promoter investors at ₹147 each, potentially raising ₹43.27 crore. The terms provided for 25% payment at subscription and the remaining 75% on conversion, with full conversion taking the equity share count from 5.89 crore to 6.18 crore. Consolidated revenue for the June quarter was ₹76.05 crore and net profit was ₹4.58 crore, against ₹54.91 crore and ₹1.83 crore a year earlier. The board also proposed expanding the company's object clause to cover information-technology infrastructure, digital services and battery-energy-storage projects. Operations at facilities covered by the June intimation were substantially ready but awaited a regulatory licence, with commencement expected by September 30. Prostarm had reported FY26 revenue of ₹386 crore and net profit of ₹33 crore.

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July 15 (Reuters) - Prostarm Info Systems Ltd PRON.NS:

• PROSTARM INFO SYSTEMS - DELAY IN COMMENCEMENT OF COMMERCIAL PRODUCTION AT MANUFACTURING FACILITIES

Source text: ID:nBSE3LvgLl

Further company coverage: PRON.NS

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June 24 (Reuters) - Prostarm Info Systems Ltd PRON.NS:

• PROSTARM INFO SYSTEMS - DECLARED L-1 BIDDER FOR 40.3 MILLION RUPEES CONTRACT

Source text: ID:nBSEtv7k3

Further company coverage: PRON.NS

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June 23 (Reuters) - Prostarm Info Systems Ltd PRON.NS:

• PROSTARM INFO SYSTEMS LTD- DECLARED AS L-1 BIDDER FOR PROJECT WORTH 40.3 MILLION RUPEES

Source text: ID:nnAZN4T3RE2

Further company coverage: PRON.NS

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June 16 (Reuters) - Prostarm Info Systems Ltd PRON.NS:

• PROSTARM INFO SYSTEMS LTD- APPROVED STRATEGIC REALIGNMENT OF CERTAIN MANUFACTURING AND BUSINESS OPERATIONS OF CO

Source text: ID:nNSEb5phlj

Further company coverage: PRON.NS

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** Shares of Prostarm Info Systems PRON.NS rise as much as 13.2% to their highest since February 27 at 148 rupees; last up 9.3%

** UPS and inverter maker gets order worth 1.65 billion rupees ($17.80 million) from Solarium Green Energy

** Order for execution of engineering, procurement and construction works for 50 MWac solar PV power project in Maharashtra state

** YTD, PRON down about 20%

($1 = 92.6980 Indian rupees)

(Reporting by Brijesh Patel in Bengaluru)

(([email protected]; Ph no. +91 9590227221;))

April 7 (Reuters) - Prostarm Info Systems Ltd PRON.NS:

• PROSTARM INFO SYSTEMS - APPROVES MEMORANDUM OF UNDERSTANDING WITH SHENZHEN TOPBAND CO. LTD

• PROSTARM INFO SYSTEMS - MOU FOR EXCLUSIVE COOPERATION UNDER A BATTERY ENERGY STORAGE SYSTEM

Further company coverage: PRON.NS

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March 17 (Reuters) - Prostarm Info Systems Ltd PRON.NS:

• PROSTARM INFO SYSTEMS LTD - DECLARED L-1 BIDDER FOR ORDER WORTH 904.4 MILLION RUPEES

Source text: ID:nNSE3f7CZQ

Further company coverage: PRON.NS

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March 13 (Reuters) - Prostarm Info Systems Ltd PRON.NS:

• GETS LOA FROM SAIL FOR 67.1 MILLION RUPEES

Source text: ID:nNSE6hwlyc

Further company coverage: PRON.NS

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Feb 23 (Reuters) - Prostarm Info Systems Ltd PRON.NS:

• RECEIVES LOA FOR SOLAR POWER PLANT AT 134.3 MILLION RUPEES

Source text: ID:nNSEbrLWm8

Further company coverage: PRON.NS

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Jan 20 (Reuters) - Prostarm Info Systems Ltd PRON.NS:

• PROSTARM INFO SYSTEMS LTD - DECLARED L-1 BIDDER BY SAIL FOR SOLAR PROJECT

• PROSTARM INFO SYSTEMS LTD - TO SUPPLY 2MW SOLAR SYSTEM FOR 67.1 MILLION RUPEES

Source text: ID:nBSEdNNrT

Further company coverage: PRON.NS

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** Drugmaker Cipla's CIPL.NS stock falls as much as 4.7% to 1,367.20 rupees, lowest level since April 2025

** Last down 2.4%, top loser on Nifty 50 .NSEI, which is up 0.77%

** Tumour drug Lanreotide supply hit after partner Pharmathen's production pause; drug is major rev source for CIPL in U.S.

** Nuvama downgrades to "reduce" from "hold", cuts PT to 1,360 rupees from 1,715 rupees; says pause brings uncertainty for FY27E

** BofA Securities cuts PT to 1,420 rupees from 1,500 rupees; says co's near-term earnings, news flow could weigh on stock

** Morgan Stanley says pause creates U.S. revenue overhang; stock to underperform over next 30 days

** CIPL rated "buy" on avg by 36 analysts, median PT 1,675 rupees - LSEG data

(Reporting by Brijesh Patel in Bengaluru)

(([email protected]; Ph no. +91 9590227221;))

** Co-working and workspace solutions firm Indiqube Spaces' IDIQ.NS stock rises nearly 5% to 204.05 rupees

** Co expands footprint into Odisha capital Bhubaneswar, its 17th city of operations across India

** All four analysts covering IDIQ rate it "buy"; median PT at 310 rupees - data compiled by LSEG

** Stock down 5.5% since debut in July, 2025

(Reporting by Brijesh Patel in Bengaluru)

(([email protected]; Ph no. +91 9590227221;))

Updates

** HDFC Bank HDBK.NS drops 2.4% to 977.6 rupees after co's quarterly update

** Stock is the biggest percentage loser on benchmark Nifty 50 index, which is down 0.3%

** India's top private lender posted 11.9% y/y in loan growth as of December-end on Monday, while deposits increased 11.5%

** Its loan to deposit ratio (LDR), a metric that assesses whether it has enough deposits to fund loan growth, went up by 50 bps q/q to 98.5%, Suresh Ganapathy analyst at Macquarie said

** This in contrast to the bank's target to bring it below 90% by FY27

** HDBK has said it expects to grow loans in line with the industry in FY 2026, and faster than the industry in FY 2027

** "...They will have to operate at a 95%+ LDR if they have any aspirations of maintaining their loan growth above system," Ganapathy said

** HDBK rose 12.10% in 2025 vs a 10.5% rise in Nifty 50

($1 = 90.2400 Indian rupees)

(Reporting by Brijesh Patel and Nishit Navin in Bengaluru)

(([email protected]; Ph no. +91 9590227221;))

Dec 30 (Reuters) - Prostarm Info Systems Ltd PRON.NS:

• SETTING UP NEW MANUFACTURING UNIT AT BAKROL, GUJARAT

• ESTIMATED CAPEX OF 60 MILLION RUPEES

Source text: ID:nBSE13PmWQ

Further company coverage: PRON.NS

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** Shares of Ola Electric Mobility OLAE.NS climb 4.5% to 55.11 rupees

** Electric scooter maker launched its first battery energy storage systems (BESS) solution

** Expects annual consumption for BESS to scale up to 5 gigawatt-hour in the next couple of years

** Introductory prices start at 29,999 rupees ($341.47) for a 1.5 kilowatt-hour battery; prices go up to 159,999 rupees for 9.1 KWh for the first 10,000 units

** Stock top percentage gainer on the Nifty small-cap index .NIFSMCP100, which is up 0.4%

** OLAE stock is rated "hold" on avg by 7 brokerages, median PT at 45 rupees - data compiled by LSEG

** Stock down 35.6% YTD

($1 = 87.8538 Indian rupees)

(Reporting by Manvi Pant in Bengaluru)

(([email protected]; +918447554364;))

** Shares of HCLTech HCLT.NS drop 0.9% ahead of quarterly report due later in the day

** Analysts, on avg, expect co to post Q2 consolidated revenue of 313.55 billion rupees vs 288.62 billion rupees a year ago - data compiled by LSEG

** However, analysts say Indian IT firms are set for another quarter of tepid earnings as weak global demand, steep U.S. tariffs and trade jitters weigh

** India's top IT firm TCS TCS.NS kickstarted IT earnings last week; beat quarterly revenue estimates but its plans to invest $7 bln in a 1 GW data centre sparked cautious reactions

** Analysts project better sequential revenue growth for HCLT on deals ramp-up, particularly in BSFI segment and hi-tech verticals

** HCLT among 5 stocks rated "hold" on 10-member IT index .NIFTYIT, TCS is rated "buy" - LSEG data

** As of Friday's close, HCLT down ~22% so far in 2025 vs ~18% decline in IT index

(Reporting by Manvi Pant in Bengaluru)

(([email protected]; +918447554364;))

** Citi Research raises PT on India's Eternal ETEA.NS to 395 rupees from 320 rupees, implying ~16% upside to last close; keeps "buy"

** Shares of Eternal, which owns Zomato and Blinkit, rises as much as 1.5% to a record high of 346.8 rupees

** Citi says Blinkit's growth momentum "remains stellar" on user acquisition focus, continued investment in dark store expansion, adding new cities

** Sees strong rise in app traffic in Q2 for Blinkit, driven by festive season in later part of quarter

** Expects Blinkit's gross order value (GOV) to grow at 140% y/y in Q2 vs 106% for rival Swiggy's SWIG.NS Instamart

** Expects slight improvement in Zomato's food delivery growth on better traffic conversion, increase in investments

** Estimates Zomato's Q2 GOV to grow at 18%

** Eternal, Swiggy rated "buy" on avg, per data compiled by LSEG

** YTD, ETEA up 24%, SWIG down ~21%

(Reporting by Manvi Pant in Bengaluru)

(([email protected]; +918447554364;))

** Shares of LTIMindtree LTIM.NS gain as much as 4.3% to 5,501 rupees, last up 0.6%

** Stock among top gainers on Nifty IT index .NIFTYIT, which was up 0.4%

** IT services company said on Monday it had won its largest-ever deal; it did not reveal name of the client and financial details

** Two sources pegged the deal size at $580 million, Reuters reported

** LTIM rated "hold" on average by 38 brokerages, same as HCLTech HCLT.NS, Tech Mahindra TEML.NS and Wipro WIPR.NS - LSEG data

** YTD, LTIM down ~5% vs ~20% decline in NIFTYIT

(Reporting by Manvi Pant in Bengaluru)

(([email protected]; +918447554364;))

** Shares of AU Small Finance Bank AUFI.NS climb 2.6% to 760.9 rupees, their highest since mid-August

** Stock among top gainers on the Nifty Bank index .NSEBANK, which is up ~1%

** Lender posts 20.8% y/y rise in Q2 total deposits, while its gross loan portfolio grows 17%

** Stock rated "hold" on avg by 24 brokerages, median PT at 773 rupees - data compiled by LSEG

** YTD, stock up 36%

(Reporting by Manvi Pant in Bengaluru)

(([email protected]; +918447554364;))

** Tata Motors TAMO.NS climbs 1.9% to 677.1 rupees; top gainer on Nifty auto index .NIFTYAUTO, which is up 0.1%

** Carmaker's luxury unit Jaguar Land Rover (JLR) says some of its digital systems back online after recent cyber attack

** TAMO fell 5.3% in the past two sessions on cyber attack woes

** NIFTYAUTO only index trading in green among 16 major sub-indexes

** Tata Motors rated "hold" on avg; median PT is 720 rupees, per data compiled by LSEG

** YTD, TAMO down ~9%, NIFTYAUTO down ~15%

(Reporting by Manvi Pant in Bengaluru)

(([email protected]; +918447554364;))

** Shares of Tata Motors TAMO.NS fell 1.9% to 670.25 rupees, extending losses from previous session

** Stock down 4.4% in the two sessions

** Co's luxury car unit, Jaguar Land Rover (JLR), will likely bear the full cost for a damaging cyber attack - which led it to shutdown operations - costing billions of pounds in lost revenues and profit, the Financial Times reports

** Tata Motors did not immediately respond to a Reuters' request for comment

** It later extended the closure of its factories until October 1, Reuters reported earlier this week

** TAMO is the top drag on the Nifty auto index .NIFTYAUTO - down 0.5%

** Stock is the biggest percentage loser on Nifty 50 .NSEI, which was flat

** Stock rated "hold" on avg, median PT at 720 rupees - data compiled by LSEG

** Stock is down ~9% so far in 2025 vs an ~18% rise in NIFTYAUTO

(Reporting by Manvi Pant in Bengaluru)

(([email protected]; +918447554364;))