Rights Issue6 Aug 2026, 02:49 pm
Prabha Energy Reports No Deviation in Rights Issue Fund Utilization
AI Summary
Prabha Energy Ltd has submitted its Monitoring Agency Report for the quarter ended June 30, 2026, prepared by CARE Ratings Limited. The report confirms that there has been no deviation or variation in the utilization of funds raised through its Rights Issue. The total issue size was ₹139.21 crore. The company received ₹89.61 crore during the quarter towards application and first call money. The report assures that the utilization is in line with the stated objects as per the Offer Document.
Key Highlights
- No deviation reported in the utilization of Rights Issue proceeds.
- Rights Issue size aggregated to ₹139.21 crore.
- CARE Ratings Limited acted as the Monitoring Agency.
- ₹89.61 crore received towards application and first call money.
- Utilization aligns with the company's stated objects.
Price Impact
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