Prabha Energy Limited has informed the Exchange regarding Change in Auditors of the company.
PRABHA · price
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Prabha Energy Limited held its Board meeting on May 22, 2026, approving audited standalone and consolidated financial results for Q4 and FY ended March 31, 2026. The company reported a standalone net profit of Rs. 47.32 lakhs for FY 2026, a significant turnaround from a loss of Rs. 156.48 lakhs in FY 2025. Consolidated net profit stood at Rs. 61.04 lakhs versus a loss of Rs. 139.55 lakhs in the previous year. Total income for FY 2026 was Rs. 606.94 lakhs (standalone) and Rs. 770.92 lakhs (consolidated). During the year, the company sold its 70% stake in subsidiary M/s Deep Natural Resources Limited to Deep Industries Limited and allotted 96,67,258 partly paid-up equity shares at Rs. 144 per share in April 2026. M/s Manubhai & Shah LLP was re-appointed as Internal Auditor for FY 2026-27.
The company returned to profitability with a significant improvement in financial performance, which could be positive for shareholders. The successful share issuance of Rs. 13,920.85 lakhs strengthens the company's capital position for growth initiatives in oil and gas exploration.