Prostarm clarifies preferential issue valuation used only the market price method
As filed · Prostarm Info Systems Limited has informed the Exchange regarding 'Clarification regarding valuation methodology adopted for determination of fair value of Equity Shares pursuant to Preferential Issue
CapitalLowmateriality 28 out of 100
What happened
FactProstarm clarified that the fair value of its equity shares for the proposed preferential issue was determined using only the Market Approach (Market Price Method). It said the AGM Notice and corrigendum incorrectly referred to the Cost, Income and Market approaches, while the fair value remained Rs. 145.78 per share.
Why it matters
CapitSignal interpretationShares are issued to named investors at a set price, diluting existing holders and changing who sits on the register.
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Fact- Who the allottees are
- Issue price versus market price
- Lock-in period on the new shares
- We are confident of achieving a good number for the current financial year, which would be in the range of 20% (management committed by FY26)
- So, if you take roughly out of this, roughly around 20% would be executed in the current financial year. (management committed by FY26)
Evidence
How CapitSignal classified this
- Reasoning:
- The filing corrects the record on the valuation methodology used for the preferential issue. It does not state any change to the disclosed fair value of Rs. 145.78 per share or to the proposed issue size.
- Matched on:
- the filing's own subject line
- Confidence in the event type:
- 75%