Prabha Energy Limited has informed the Exchange regarding 'Report on distribution sale procceds of fractional shares to eligible shareholders'.
PRABHA · price
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Prabha Energy Limited has completed the distribution of proceeds from fractional shares that arose during its amalgamation with Deep Energy Resources Limited and Savla Oil and Gas Private Limited, which was sanctioned by NCLT and became effective on September 22, 2024. As part of the share swap, 11,358 shareholders received fractional entitlements, leading to 6,024 consolidated fractional shares that were sold on May 16, 2025 at an average price of ₹196.11 per share, generating about ₹11.81 lakh in gross proceeds. After deductions of ₹13,316.70 for taxes and expenses, net proceeds of approximately ₹11.68 lakh were transferred to eligible shareholders in proportion to their fractional entitlements on July 16, 2025. The Audit Committee and Independent Directors have certified on July 22, 2025 that the distribution complies with the SEBI Master Circular and the scheme's provisions.
This is a routine compliance filing that closes the loop on the fractional share distribution from the 2024 amalgamation. The actual cash distribution to shareholders happened on July 16, 2025, so there is no new material information or expected stock price impact from this disclosure.