Call Notice for payment of First Call on Partly Paid-up Equity Shares issued on Rights Issue basis pursuant to Letter of Offer dated March 05, 2026
PRABHA · price
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Prabha Energy Ltd has issued a First Call Notice for ₹47.52 per partly paid-up equity share. These shares were issued via a Rights Issue (Letter of Offer dated March 5, 2026) at an Issue Price of ₹144 per share (including ₹143 premium). Shareholders paid ₹48.96 per share as application money, making the shares partly paid. The First Call of ₹47.52 (₹0.33 towards paid-up value + ₹47.19 premium) is now due by June 9, 2026. A balance of ₹95.04 per share remains to be called in future calls. The record date was May 8, 2026. Trading in the partly paid-up shares (ISIN: IN90I0M01014) has been suspended from that date. Failure to pay by the deadline attracts 10% p.a. interest, and shares including amounts already paid may be forfeited.
Existing holders of partly paid-up rights shares must pay ₹47.52 per share by June 9 or face interest and potential forfeiture. This is a mandatory capital call rather than a standard shareholder event — it does not directly signal a buy/sell opportunity but requires action from existing rights shareholders.