Q1 FY27 results, Rs 43.27 cr warrants issue, new auditor appointed
PROSTARM · price
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Q1 FY27 standalone revenue up 48.8% YoY at Rs 75.82 cr; PAT surged 219% to Rs 4.88 cr from Rs 1.53 cr. Consolidated revenue Rs 76.05 cr, PAT Rs 4.58 cr. Board approved issuing 29.43 lakh convertible warrants at Rs 147 to non-promoters, raising Rs 43.27 cr. New auditor Valawat and Associates appointed for 5 years till FY31, replacing Mansaka Ravi. MOA altered to add IT and energy storage businesses. AGM set for September 11. Business operations relocation delayed to September 30 awaiting approvals.
Strong quarterly growth and equity dilution via warrants; new auditor and expansion into IT and battery energy storage segments.