Synopsis:- In a Regulation 30 filing that also corrects a date discrepancy from an earlier intimation, Prostarm Info Systems Limited has been declared L-1 bidder by Karnataka State Fire and Emergency Services for supply, installation, testing and commissioning of 3 KVA UPS systems conforming to IS 16242, at a quoted price of Rs. 4.03 crore and a 60-day execution window.
A Pune-based energy storage and power conditioning equipment manufacturer emerged as the lowest technically qualifying bidder in a Karnataka state government tender for UPS supply and commissioning. The Regulation 30 intimation, filed with the BSE and NSE on June 24, 2026, also carries a clarificatory note: an earlier version of the same disclosure had incorrectly stated the date as June 3, 2026 instead of June 23, 2026, a typographical error that the company has now formally corrected without altering any substantive terms.
With a market capitalization of Rs. 822.95 crore, the shares of Prostarm Info Systems Limited were trading at Rs. 139.78 per share, down 1.22 percent from its previous closing price of Rs. 141.50 apiece. It is trading at a P/E of 25.28.
Order Update
Prostarm Info Systems Limited has been declared L-1 bidder by Karnataka State Fire and Emergency Services for the supply, installation, testing and commissioning of 3 KVA uninterruptible power supply systems with batteries conforming to IS 16242 the Indian Standard governing UPS performance, testing and safety requirements. In government procurement, L-1 designation indicates that the company has submitted the lowest price among all technically eligible bids and is, under standard procedures, next in line for contract award, subject to any further negotiations or administrative clearances.
The order is priced at Rs. 4.03 crore and carries an execution window of 60 days. The awarding entity is a domestic state government department, no promoter or group company holds any interest in Karnataka State Fire and Emergency Services, and the company confirmed the mandate does not constitute a related party transaction. The work falls within Prostarm’s core product portfolio, with 3 KVA UPS systems representing a standard SKU in the company’s energy storage and power conditioning catalogue.
Fire and emergency services departments rely on UPS infrastructure for uninterrupted power to communication equipment, alarm systems, command centres, and field coordination units. The IS 16242 compliance specification signals that Karnataka is mandating tested, certified systems rather than generic alternatives, a procurement approach that favours established manufacturers with certified product lines.
The filing also carries an administrative note. The company disclosed that in the earlier intimation submitted to the exchanges, the date was inadvertently recorded as June 3, 2026 instead of the correct date of June 23, 2026. This corrective filing serves solely to address that clerical error. All other particulars of the order, including the awarding entity, scope of work, order size and execution timeline, remain unchanged from the original disclosure.
Government Order Momentum
The Karnataka Fire Services win adds to a run of government sector order announcements from Prostarm across the current financial year. In March 2026, the company was declared L-1 by the West Bengal Medical Services Corporation for supply of UPS units worth Rs. 90.44 crore covering 3,439 units with a 180-day execution timeline, a materially larger mandate in the same product category. The same month also brought a letter of award from SAIL for a 2 MW rooftop solar EPC project worth Rs. 6.71 crore. A South Eastern Railway solar plant contract worth Rs. 13.43 crore had been secured in February 2026.
Taken together, Prostarm has been building a client roster that spans central PSUs, state medical corporations, railway zones, and now state emergency services, a spread that reflects deliberate diversification across government verticals rather than concentration in a single procurement channel. For a company whose core offering is UPS systems and solar EPC, these are natural adjacencies: government clients provide defined tender processes, benchmark IS specifications, and once qualified repeat engagement potential through successive procurement cycles.
At Rs. 4.03 crore, the Karnataka Fire Services order is modest relative to Prostarm’s FY26 standalone revenue of Rs. 378 crore, accounting for roughly 1.07 percent of annual turnover. The order’s relevance is less about its ticket size and more about the client category. State emergency services departments tend to have standardised UPS procurement that repeats across financial years as existing systems age or installation coverage expands. An L-1 win in Karnataka establishes a price and technical benchmark for any follow-on procurement from the same department.
The 60-day execution window is tight for a supply, installation, testing and commissioning scope, suggesting the department requires operational systems within the current quarter. For Prostarm, executing within that window will depend on existing inventory levels and field deployment capacity, both areas where the company’s manufacturing infrastructure in Pune provides a logistical base.
Business Overview
Incorporated in January 2008, Prostarm Info Systems Limited designs, manufactures and sells energy storage and power conditioning equipment, and also provides EPC solutions for rooftop solar PV projects. For the quarter ended March 2026, Prostarm reported standalone revenue of Rs. 103 crore and a net profit of Rs. 9 crore, compared to revenue of Rs. 78 crore and net profit of Rs. 7 crore in the March 2025 quarter, a doubling in both topline and profitability on a year-on-year basis. For full-year FY26, standalone revenue reached Rs. 378 crore against Rs. 346 crore in FY24, with net profit growing from Rs. 31 crore to Rs. 35 crore.
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