Prabha Energy Limited has informed the Exchange regarding Resignation of Mr Shail Manoj SAvla as Managing Director of the company w.e.f. December 31, 2025.
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Mr. Shail Manoj Savla (DIN: 08763064) has resigned as Managing Director of Prabha Energy Limited with effect from the close of business hours on December 31, 2025. The reason cited is personal — pre-occupation and paucity of time. He will also step down as a member of the Stakeholder Relationship Committee. In his resignation letter, he confirmed that there are no other material reasons for his departure. The resignation letter is dated December 26, 2025, and the intimation to the stock exchanges was sent on January 5, 2026. The company has not yet announced a replacement for the Managing Director role.
The exit of the Managing Director — a key leadership position — may create short-term governance uncertainty for shareholders. Investors should watch for a timely appointment of a new MD, as prolonged vacancy at the top could affect strategic decision-making and operational continuity.