Board approves Rs 190 cr rights issue; MD resigns

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PRABHA · price

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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 raising up to Rs 19,000 Lakhs (Rs 190 crore) via rights issue of equity shares of face value Rs 1. Terms including issue price and entitlement ratio to be decided by the Rights Issue Committee later. Additionally, Mr. Shanil Paras Savla was appointed Additional Executive Director and redesignated as Managing Director effective Jan 1, 2026. Existing MD Mr. Shail Manoj Savla resigns from close of Dec 31, 2025 citing personal reasons.

Likely market impact

Eligible shareholders may need to invest more to retain their stake; leadership change at the top with new MD taking charge.