Announced Thu, 23 Jul · 14:49 IST
Karnataka Fire Services cancels Prostarm's L1 status for UPS supply
PROSTARM · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Price reaction · full curve 14 horizons · vs prior close
+0.7%1-day move
₹124.00
prior close
₹122.76
base price
In-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
-1.0-1.0-0.6-1.1+0.7-0.1————————
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AI summary
Prostarm Info Systems informs that its L1 bidder status with Karnataka State Fire and Emergency Services has been cancelled. The order was for supply, installation, testing and commissioning of 3 KVA UPS with battery. The company was declared L1 on June 24, 2026, but no order or contract was executed before the cancellation.
Likely market impact
Negative for shareholders. Loss of a potential government order, though no contract was formally executed so direct financial impact is limited.