BSECompany Update28 Sept 2026 · 28 Sept 2026, 06:09 pm
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Prostarm Info Systems Ltd · 544410
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Prostarm Info Systems Ltd has cancelled its Memorandum of Understanding (MOU) with Shenzhen Topband Co. Ltd for Battery Energy Storage System (BESS) manufacturing due to technical and economic infeasibility.
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Prostarm Info Systems Ltd - 544410 - Cancellation Of MOU With Shenzhen Topband Co. Ltd. For BESS Manufacturing
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Prostarm/Secretarial/2026-27/66 September 28, 2026
BSE Limited National Stock Exchange of India Limited
Phiroze Jeejeebhoy Towers, Exchange Plaza, C-1, Block G, Bandra Kurla Complex,
Dalal Street, Mumbai – 400 001 Bandra (E), Mumbai – 400 051
Scrip Code: 544410 Scrip Symbol: PROSTARM
Sub: Intimation regarding Cancellation of Memorandum of Understanding (“MOU”) with Shenzhen
Topband Co. Ltd. for BESS Manufacturing
Ref: Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure
Requirements Regulations), 2015 (the ‘SEBI Listing Regulations’)
Dear Sir/ Madam,
Pursuant to Regulation 30 of the SEBI Listing regulations and with reference to our earlier intimation bearing
reference no. Prostarm/Secretarial/2025-26/04 dated April 07, 2026, wherein the Company had informed
that it had entered into a Memorandum of Understanding (“MOU”) with Shenzhen Topband Co. Ltd.
(“TOPBAND”), in relation to a potential strategic alliance for Exclusive Cooperation under a Battery Energy
Storage System (BESS) (“Project”).
Upon further evaluation, the Company has determined that the proposed Project is not considered
technically and economically feasible. Further, considering the changes in the prevailing business and
market environment, along with the consequent strategic realignment and business priorities of the
Company, it has been decided to discontinue the proposed Project. Accordingly, the aforesaid MOU shall
stand cancelled.
There is no material financial or operational impact on the Company arising from the cancellation of the
aforesaid MOU.
The Company continues to evaluate and pursue business opportunities in line with its strategic objectives
and prevailing market conditions.
Kindly take the above information on record.
Thanking you,
For Prostarm Info Systems Limited
Sachin Gupta
Company Secretary and Compliance officer
Membership No: F12500