Prabha Energy Limited has informed the Exchange about Copy of Newspaper Publication
PRABHA · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Prabha Energy Limited has filed copies of newspaper advertisements published on March 14, 2026, in compliance with SEBI ICDR Regulations, for its Rights Issue of up to 96,67,258 partly paid-up equity shares at Rs 144 per share (face value Rs 1, premium Rs 143), aggregating up to ~Rs 139.2 crore. The ratio is 0.5 rights share for every 14 fully paid-up shares held, with record date March 11, 2026 and issue closing date March 27, 2026. Payment is split into three stages: Rs 48.96 on application (34%), Rs 47.52 in the first call window (May 18-25, 2026), and Rs 47.52 in the second call window (July 17-24, 2026). Importantly, the issue is being offered only to public shareholders, with promoters Paras Shantilal Savla and Rupesh Kantilal Savla voluntarily forgoing their entitlements. The purpose is to meet SEBI's Minimum Public Shareholding (MPS) requirement per the February 3, 2023 circular.
Existing public shareholders get a chance to participate and maintain their proportional stake, though it involves staged payments over several months. Promoters' decision to forgo their entitlements means their holding will dilute further, which is a sign they're prioritising MPS compliance over maintaining their equity stake.