Prabha Energy Limited has informed the Exchange about General Updates
PRABHA · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Prabha Energy Limited has submitted the Letter of Offer dated March 5, 2026 for its Rights Issue to SEBI, BSE, and NSE. The company proposes to issue up to 96,67,258 partly paid-up Equity Shares at ₹144 per share (face value ₹1 + premium of ₹143), aggregating up to ₹13,920.85 Lakhs (~₹139.21 crore). The ratio is 5 rights shares for every 14 fully paid shares held by public shareholders as on the Record Date of March 11, 2026. The issue opens on March 20, 2026 and closes on March 27, 2026. Payment is staggered: ₹48.96 (34%) on application, followed by two calls of ₹47.52 each due in May and July 2026. Promoters will forgo their entitlement, and the issue is being made solely to meet the Minimum Public Shareholding (MPS) compliance requirement as per the SEBI circular dated February 3, 2023, since the company was only listed on BSE/NSE on March 19, 2025.
Existing public shareholders will be diluted if they do not subscribe, but the issue is mandatory for regulatory MPS compliance. The partly paid structure eases the immediate cash burden, as only 34% (₹48.96/share) is payable upfront, with the balance in two calls by July 2026. Shareholders can subscribe, renounce their rights on-market by March 23, 2026, or let them lapse.