BSE in-principle approval received for preferential issue of up to 28,98,717 warrants

Prostarm Info Systems Ltd has received in-principle approval from BSE Limited for a preferential issue.

Thu 1 Oct 2026

Warrants approved

Up to 28,98,717 warrants

Conversion into equity shares

28,98,717 equity shares of Rs. 10/- each

Issue price

Rs. 147/- each

Allottee category

non-promoters on a preferential basis

BSE approval letter date

October 01, 2026

A step in the proposed preferential issue has been cleared by the exchange.

What the company informed

• It has received in-principle approval from BSE Limited for a preferential issue of up to 28,98,717 warrants.
• The warrants are convertible into 28,98,717 equity shares of face value Rs. 10/- each.
• The price stated is Rs. 147/- each.
• The proposed allotment is to non-promoters on a preferential basis.
• The BSE letter conveying the approval is dated October 01, 2026.

Reading the terms

An in-principle approval is an exchange-level clearance for a proposed issue. The update states it was received under Regulation 28(1) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

• Warrants are not equity shares on allotment; they carry a right to be converted into equity shares at the stated price.
• On conversion, the company's equity shares of Rs. 10/- each would increase by up to 28,98,717 shares.
• The issue is to non-promoters, so the shares under this issue are not proposed for the promoter group.
• The number of warrants and the number of equity shares on conversion are the same in the update, at 28,98,717 each.

The intimation is limited to the receipt of the approval and the terms of the proposed preferential issue as stated above.

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