Prabha Energy Ltd Announces Rights Issue of Equity Shares

Prabha Energy Ltd has announced a Rights Issue of equity shares, with the record date set for March 11, 2026. The Rights Issue Committee has approved the terms, which include the issuance of 96,67,258 (Ninety-Six Lakhs Sixty-Seven Thousand Two Hundred and Fifty-Eight) equity shares at a price of X 144.00 per share. The ratio for the Rights Entitlement is 5:14, meaning shareholders will receive 5 rights equity shares for every 14 fully paid-up equity shares held. The company has 13,69,05,531 equity shares outstanding prior to the Rights Issue, which will increase to 14,65,72,789 equity shares post-Rights Issue, assuming full subscription and payment of Call Monies. The Promoter and Promoter Group have confirmed that they will forgo their entitlement to equity shares to achieve the minimum public shareholding (MPS). The Rights Entitlement will be credited to the demat accounts of eligible shareholders prior to the issue opening date.