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

Prabha Energy Ltd has announced the outcome of the Rights Issue Committee meeting held on March 05, 2026. The committee has 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 at a price of Rs. 144.00 (including a premium of Rs. 143.00) per share. The record date for the rights issue is March 11, 2026. The company's outstanding equity shares prior to the rights issue were 13,69,05,531, which will increase to 14,65,72,789 equity shares post the rights issue, 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 letter of offer and other issue-related materials will be filed with the relevant authorities and dispatched to the eligible equity shareholders in due course.