Board approves Rs 19,000L rights issue, MD change at Prabha Energy

Ceo ResignedPromoter Family Board EntryManagement Changes View source PDF Explain this filing

PRABHA · price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reactionminutes from the announcement price · days from the prior close

-1.3%Reaction day

₹189.40

prior close

₹185.01

announcement price

After-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used-0.8%-0.5% vs market

Oil peers, median of 15sector · industry level+0.1%-1.4% vs sector

On the reaction day the stock moved 0.5 pts less than Nifty Microcap 250 and 1.4 pts less than its Oil peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

-1.2

10m

+2.7

15m

+2.4

30m

+4.1

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-1.3-0.8-0.5+0.1-1.4

Next day

-2.6-0.8-1.7+0.0-2.6

-2.1+0.6-2.6+0.7-2.8

-0.7+0.8-1.5+0.7-1.5

-2.0+1.7-3.6+0.9-2.9

-3.6+2.0-5.6-1.2-2.5

-5.7+1.3-7.0-1.0-4.7

15d

-19.0-7.1-11.8-9.4-9.6

-15.5-6.8-8.7-10.4-5.1

-11.4-7.1-4.3-2.7-8.7

-22.9-15.7-7.2-10.0-12.9

UpDownMarket · Nifty Microcap 250Sector · Oil peers, median of 15Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

Prabha Energy board approved a rights issue of up to Rs 19,000 Lakhs via equity shares. Mr. Shail Manoj Savla resigned as Managing Director effective Dec 31, 2025 citing personal reasons. Mr. Shanil Paras Savla, designated Executive Promoter Director, will take over as MD from Jan 1, 2026 for 3 years, subject to shareholder approval. Postal ballot notice also approved.

Likely market impact

Significant equity dilution via Rs 190 Cr rights issue. MD transition from one Savla to another; new MD is from promoter family. Watch record date and issue price.