PROSTARM : ALLOTS CONVERTIBLE WARRANTS WORTH OVER RS 42 CR

• Board approved allotment of 28,98,717 convertible warrants on preferential basis to 21 non-promoter investors • Issue price ₹147 per warrant, aggregating to ₹42.61 Cr • Company has received 25% upfront subscription at ₹36.75 per warrant, aggregating to ₹10.65 Cr • Balance 75% (₹110.25 per warrant) payable within 18 months on conversion; unexercised warrants lapse and upfront amount is forfeited • Each warrant entitles the holder to one fully paid equity share of face value ₹10 at a premium of ₹137 • Warrants and shares arising on conversion subject to lock-in under SEBI ICDR Regulation 167

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