Prabha Energy Converts 88.97 Lakh Partly Paid Shares

Prabha Energy Ltd announced the conversion of 88,97,316 partly paid-up equity shares into fully paid-up shares. These shares, initially 34% paid up (comprising Rs. 0.34 face value and Rs. 48.62 premium), are now 67% paid up, with the face value at Rs. 0.67 and premium at Rs. 95.81. This conversion follows the receipt of the First Call Money on the Rights Equity Shares, as approved by the Right Issue Committee of the Board of Directors on June 12, 2026. This action is a step in the process initiated by previous intimations on May 4 and May 11, 2026, regarding the First Call on these shares.