Prabha Energy Limited has informed the Exchange about change in Management
PRABHA · price
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Prabha Energy's board, at its May 13, 2025 meeting, approved the audited standalone and consolidated financial results for Q4 and FY25, with an unmodified auditor opinion from M/s Mahendra N. Shah & Co. The board also decided to sell 3,50,000 equity shares (70%) of its subsidiary Deep Natural Resources Limited, after which Deep Natural Resources will cease to be a subsidiary. Mr. Narayanan Sadanandan, a former SBI MD & CEO with four decades of banking experience, was appointed as an additional non-executive independent director for a 5-year term, subject to shareholder approval. CFO and Executive Director Mr. Vishal Palkhiwala was re-appointed for 3 years, internal auditors M/s Manubhai & Shah LLP were re-appointed for FY26, and M/s RPSS & Co. was appointed as secretarial auditor for a 5-year term.
The subsidiary divestment streamlines the group structure and may unlock value, while the strengthened independent board and continuity in finance leadership signal governance stability. Investors should watch the FY25 results details and the shareholder approval timeline for these changes.