Prabha Energy Ltd. Announces Rights Issue of 96,67,258 Equity Shares at Rs. 144.00 Each

Prabha Energy Ltd. announced the outcome of the Rights Issue Committee Meeting held on March 05, 2026. The committee approved the terms of the Rights Issue, which includes the issuance of 96,67,258 (Ninety-Six Lakhs Sixty-Seven Thousand Two Hundred and Fifty-Eight) equity shares with a face value of X1/- each at a price of Rs. 144.00 (including a premium of Rs. 143.00) per share. The record date for the rights issue is set for Wednesday, March 11, 2026. The company's outstanding equity shares prior to the rights issue were 13,69,05,531, and post the rights issue, it will be 14,65,72,789, assuming full subscription and payment of call monies. The rights entitlement is 5 shares for every 14 fully paid-up equity shares held by eligible equity shareholders under the public category as on the record date. The company's promoter and promoter group have confirmed that they will forgo their entitlement to equity shares from this right issue to achieve the minimum public shareholding.