Outcome of Rights Issue Committee Meeting held today, i.e., May 04, 2026
PRABHA · price
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Prabha Energy's Rights Issue Committee has fixed May 8, 2026 as the Record Date for the first call notice on partly paid-up equity shares allotted on rights basis. The company had previously allotted 96,67,258 partly paid-up equity shares with a face value of ₹1 each at an issue price of ₹144 per share. Shareholders must now pay ₹47.52 per share (33% of the issue price), comprising ₹0.33 towards face value and ₹47.19 towards premium. The meeting was held on May 4, 2026 from 6:00 PM to 6:30 PM.
Shareholders holding partly paid-up rights shares must ensure they pay the first call amount of ₹47.52 per share by the deadline to avoid forfeiture. This is a standard rights issue call installment and does not directly impact stock price in the short term.