Prostarm Info System

An appeal filed by the Commissioner of Customs, Nhava Seva, was dismissed as withdrawn when Prostarm appeared before CESTAT Mumbai.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)

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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;))

** Shares of HDFC Bank HDBK.NS slip 1.2% to 989.45 rupees after co's quarterly update

** India's top private lender posted 2.7% sequential quarterly loan growth to 28.45 trillion rupees ($315.27 billion) as of December-end on Monday, supported by festive season credit demand and sweeping tax cuts

** Deposits increased 2.1% to 28.6 trillion rupees

** "Overall systemic credit growth is showing signs of improvement, at 11.4% YoY now from a low of about 9% in May 2025," said brokerage Emkay in a note on the Indian banking sector.

** Stock rated "buy" on avg by 38 brokerages, median PT at 1,160 rupees - data

($1 = 90.2400 Indian rupees)

(Reporting by Brijesh Patel 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;))

** Nykaa parent FSN E-Commerce Ventures FSNE.NS climbs 2.4% to 245.59 rupees

** The beauty e-tailer says growth accelerated in Q2; GMV - gross merchandise value - is expected to rise to thirties from mid-twenties in last few quarters

** Says beauty business saw strong growth from Dot & Key skincare brand acquisition as well as from home brands Kay Beauty and Nykaa Cosmetics

** Adds that consol net revenue growth is expected to be in mid-twenties in Q2 on festive demand boost

** Stock rated "hold" on avg, median PT at 223.49 rupees - data compiled by LSEG

** YTD, stock up ~55%

(Reporting by Manvi Pant in Bengaluru)

(([email protected]; +918447554364;))

Adds chart

** India's Nifty IT index .NIFTYIT was down 1.5%, with all 10 stocks on the index trading in the red

** Analysts say dicretionary demand for India's IT service providers remains unchanged after bellwether U.S. tech company Accenture ACN.N reported fourth-quarter earnings

** Accenture's muted growth guidance poses downside risks to consensus expectations of acceleration in growth in FY27 for Indian IT firms, analysts at Jefferies said in a note

** Macquarie analysts say the common takeaway is that "demand recovery is patchy as of now"

** Heavyweights Infosys INFY.NS and TCS TCS.NS decline 1.4% each

** LTIMindtree LTIM.NS was the top percentage loser, down 2.2%

** Goldman Sachs analysts say FY26 revenue growth expectations remain unchanged but FY27 rev growth estimate for Indian IT firms could be at risk if discretionary demand shows no signs of improvement this year

** NIFTYIT down ~21% so far in 2025 vs a ~5% rise in Nifty 50 index .NSEI

(Reporting by Manvi Pant)

(([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;))

** HCLTech HCLT.NS rises as much as 1% to 1,444 rupees; last up 0.6%

** HCLT only stock in green on 10-member Nifty IT index .NIFTYIT, which is down 0.9%

** A Swedish truck and bus maker renews deal with co, signing multi-year contract for IT infrastructure, services

** No financial details disclosed

** Morgan Stanley says deal will likely aid co's total contract wins in Q2, boost confidence for HY2 FY26, build revenues on top of co's existing base

** Adds deal reaffirms co's ability to maintain scope in large deal renewals, signals improvement in co's market share

** Stock rated "hold" on avg, median PT is 1,670 rupees, per data compiled by LSEG

** YTD, HCLT falls ~25%

(Reporting by Manvi Pant in Bengaluru)

(([email protected]; +918447554364;))

Updates

** Metal stocks .NIFTYMET up 1%, set for fourth consecutive day of gains, as Nomura reiterates bullish stance on India's steel sector citing sustained domestic, global tailwinds

** Nomura notes China's anti-involution policies to cut production 9% y/y in rest of 2025

** While demand remains tepid in China and exports still remain at record levels, aggressive production cuts should provide some support - Nomura

** Maintans "buy" and raises PT for JSW Steel JSTL.NS to 1,300 rupees from 1,220 rupees and Jindal Steel JINT.NS to 1,150 rupees from 1,080 rupees

** Both up almost 2.5% on Tuesday

** Motilal Oswal says Tata Steel's TISC.NS Indian capacity expansion and European ops restructuring support earnings growth despite near-term global challenges

** Keeps "neutral" on TISC, 180 rupees PT; stock up almost 1%

** YTD, subindex up 16%, JSW and TISC gain 25%, JINT up 11%

(Reporting by Manvi Pant and Urvi Dugar in Bengaluru)

(([email protected]; +918447554364;))

** UBS hikes Avenue Supermarts AVEU.NS PT to 5,600 rupees from 5,050 rupees, nearly 19% upside to last close; keeps "buy" rating

** DMart supermarket chain operator's stock up 1.4% to 4,784.7 rupees

** Brokerage cites DMart's highest discount among peers at 21%, boosting customer loyalty in middle/lower-middle income segments

** Notes value retail edge in offline stores and online platform DMart Ready after store, channel checks

** DMart opened 130 stores across India in last 3 years; UBS estimates 230-250 new outlets in next three years

** Adds, growth set to accelerate on quick-commerce foray, value retail business model

** AVEU rated "hold" by 28 analysts on avg, median PT 4,040 rupees - data compiled by LSEG

** YTD, stock up 34%

(Reporting by Manvi Pant in Bengaluru)

(([email protected]; +918447554364;))