Prostarm Info Systems Limited has informed the Exchange regarding Outcome of Board Meeting held on April 07, 2026.
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Prostarm Info Systems Limited's board approved two key initiatives at its meeting on April 7, 2026. First, the company will relocate its UPS-related business operations from the Pisoli Unit in Pune (including its wholly-owned subsidiary Prostarm Energy Systems) to its Bakrol Unit in Gujarat by November 2026, to improve operational efficiency. The Pisoli UPS operations contributed INR 11.88 Crores or 3.39% of the company's total consolidated turnover of INR 350.64 Crores for FY 2024-25. Second, the company signed an MOU with China's Shenzhen Topband Co. Ltd to explore a strategic alliance for Battery Energy Storage Systems (BESS), where Topband will supply SKD BESS kits and technology while Prostarm handles local assembly and commercialization in India. The company has committed to minimum purchases of USD 10 million over 18 months, aligned with the Make in India initiative.
The relocation may involve short-term transition costs but should reduce operating expenses long-term. The Topband partnership opens a new growth avenue in India's BESS market, potentially boosting revenue from utility-scale and commercial projects, though it's currently at the MOU stage with definitive agreements pending.