Prostarm Info Systems Limited has informed the Exchange regarding Proceedings of Annual General Meeting held on September 26, 2025
PROSTARM · price
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Prostarm Info Systems Limited held its 18th AGM on September 26, 2025, via video conferencing — notably its first AGM as a publicly listed company following a successful ₹160 crore IPO. The meeting was chaired by CMD Mr. Tapan Ghose, ran from 3:00 PM to 4:07 PM, and was attended by 45 members along with all key directors, the CFO, statutory auditors, and the scrutinizer. Management reported strong FY2024-25 results: standalone revenue grew 35.12%, EBITDA rose 31%, and net profit climbed 27.36%, while on a consolidated basis revenue grew 35.98% and net profit grew 26.40%. CEO Mr. Ram Agarwal announced the setting up of a new Battery Energy Storage System (BESS) manufacturing facility in Jhajjar, reinforcing the company's focus on critical power solutions. Shareholders approved seven resolutions, including adoption of financial statements, re-appointment of the CMD, revision in remuneration of a Whole-Time Director, ratification of the ESOP 2024 plan, and appointment of the secretarial auditor. Voting results and the scrutinizer's report are pending and will be filed separately with the exchanges.
First post-listing AGM with strong financial highlights and a clear growth roadmap (including a new BESS plant) is generally a positive signal for shareholders, though the actual vote outcomes on resolutions — especially the ESOP ratification and executive remuneration revision — will be the next catalyst to watch.