Rights Issue30 Jul 2026, 06:40 pm
Prabha Energy: No Deviation in Rights Issue Fund Use for Q1 FY27
AI Summary
Prabha Energy Ltd has confirmed no deviation in the utilization of funds raised through its Rights Issue of Equity Shares for the quarter ended June 30, 2026. The company raised ₹4,733.09 Lakhs on April 09, 2026. The statement, filed pursuant to SEBI regulations, indicates that funds were allocated towards repayment of borrowings, general corporate purposes, and issue-related expenses. There were no significant deviations from the original objects stated in the Letter of Offer. The company's audit committee and auditors have provided 'No Comments' on the utilization.
Key Highlights
- No deviation reported in Rights Issue fund utilization for Q1 FY27.
- Funds were used for debt repayment and general corporate purposes.
- Audit committee and auditors found no issues with fund utilization.
- Company raised ₹4,733.09 Lakhs via Rights Issue on April 09, 2026.
Price Impact
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