Prostarm Info Systems seeks nod to vary IPO proceeds usage
Published on: May 27, 2026, 10:47 p.m. | Source: scanx.trade
Prostarm Info Systems Limited has initiated a postal ballot process to secure shareholder consent for varying the utilization of its IPO proceeds and amending its ESOP 2024. The company plans to redirect ₹1,248.31 lakhs, originally intended for acquisitions, towards funding working capital requirements to enhance liquidity. Additionally, the proposed ESOP amendments extend the exercise period to three years and modify vesting conditions for employees of the company and its subsidiaries. E-voting is open from May 27, 2026, to June 25, 2026, with results expected by June 29, 2026.
