Prabha Energy Limited has informed the Exchange regarding Notice of Annual General Meeting to be held on August 08, 2025
PRABHA · price
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Prabha Energy Limited has announced its 16th Annual General Meeting to be held on Friday, August 8, 2025, at 11:00 a.m. IST via Video Conferencing. The Register of Members and Share Transfer Books will remain closed from August 2 to August 8, 2025, with August 1, 2025 fixed as the cut-off date for e-voting eligibility. Remote e-voting will be open from August 4 (9:00 a.m.) to August 7 (5:00 p.m.) through MUFG Intime India. Key business to be transacted includes: (a) approval of audited financial statements, (b) appointment of Mr. Narayanan Sadanandan as Non-Executive Independent Director, (c) approval of material related party transactions, (d) revision of perquisites for Managing Director Mr. Shail Manoj Savla, (e) re-appointment of Mr. Vishal Gautambhai Palkhiwala as Director, (f) approval of disinvestment in a subsidiary company, and (g) appointment of M/s RPSS & Co as Secretarial Auditors. The Annual Report for FY 2024-25 has been sent electronically and uploaded on the company's website. The company is in the gas sector and reported a negative turnover of ₹225.61 crore for FY ending March 2025, though commercial production is said to have commenced by end of May 2025.
The book closure means shareholders cannot trade the stock between August 2-8, 2025. Shareholders should note the August 1 cut-off date to be eligible to vote. The subsidiary disinvestment proposal and revision of MD perquisites are notable special business items that could affect company structure and management costs, while the negative turnover signals ongoing financial weakness worth monitoring.