Company Disclosure
Prostarm Info Systems Limited (Scrip Code: 544410, NSE Symbol: PROSTARM) has intimated the stock exchanges regarding the cancellation of its L-1 bidder status for a contract with Karnataka State Fire and Emergency Services.
Background and Details of the Cancelled Bid
The company had previously informed the exchanges via intimation reference Prostarm/Secretarial/2026-27/32 dated June 24, 2026, that it had been declared as the L-1 (lowest) bidder by Karnataka State Fire and Emergency Services. The bid was for the "Supply Installation Testing and Commissioning of 3 KVA UPS with Battery Conforming to IS 16242."
This L-1 bidder status has now been cancelled by the Karnataka State Fire and Emergency Services department.
Contract and Financial Impact
No order or contract was executed between the company and Karnataka State Fire and Emergency Services. The company was only declared the L-1 bidder. Consequently, there is no financial impact from this cancellation, as no contractual obligations had been established.