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

Prabha Energy Ltd announced the outcome of its Right 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 partly paid-up equity shares with a face value of X1/- each. The rights issue price is set at Rs. 144.00 per equity share, which includes a premium of Rs. 143.00 per equity share. The record date for the rights issue is 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 rights equity 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 that may arise from this right issue to achieve the minimum public shareholding.