Prabha Energy board approves Rs 19,000L rights issue, MD change from Jan 2026

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

PRABHA · price

Loading chart…

▲ 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 through equity shares. Mr Shanil Paras Savla was appointed Executive Promoter Director and re-designated as Managing Director for 3 years from Jan 1, 2026. Mr Shail Manoj Savla resigned as MD effective Dec 31, 2025, citing personal reasons. A postal ballot notice was approved for shareholder voting on these changes.

Likely market impact

Existing shareholders get rights to buy more shares; leadership transition with promoter family member as new MD effective Jan 1, 2026.