PROSTARM : ALLOTS CONVERTIBLE WARRANTS WORTH RS 42.61 CR

• Board approved allotment of 28,98,717 convertible warrants on preferential basis to 21 non-promoter investors • Warrants allotted at ₹147 each, aggregating to ₹42.61 Cr • Each warrant convertible into one fully paid equity share of face value ₹10 at a premium of ₹137 within 18 months from allotment • Company received 25% upfront subscription amount of ₹36.75 per warrant, aggregating to ₹10.65 Cr; balance 75% (₹110.25 per warrant) payable on conversion • Warrants allotted in demat; equity shares on conversion rank pari passu with existing shares and are subject to lock-in under SEBI ICDR Regulations • If conversion option is not exercised within 18 months, warrants lapse and upfront subscription amount stands forfeited

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