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 published newspaper advertisements in Financial Express (English and Gujarati editions) and Jansatta (Hindi) for its Rights Issue, in compliance with SEBI (ICDR) Regulations. The issue is of up to 96,67,258 partly paid-up equity shares of Re. 1 each at Rs. 14.41 per share (including Rs. 13.43 premium), aggregating up to Rs. 1,392.085 lakhs, in the ratio of 5 rights shares for every 14 held on the record date of March 11, 2026. A corrigendum-cum-addendum has also been issued extending the Rights Issue closing date from March 27, 2026 to April 6, 2026, with the last date for on-market renunciation of Rights Entitlements set as March 30, 2026. The revised date of allotment and listing is on or about April 8-10, 2026.
The extension of the closing date gives eligible shareholders additional time to subscribe to the rights issue, potentially improving subscription levels. The company aims to raise up to Rs. 139.2 crore to fund its growth plans; lower-than-expected subscription could dilute promoter holdings or force scaling back of planned activities.