PRABHANSEPrabha Energy LimitedMediumNeutral
Announced Mon, 23 Mar · 14:09 IST

Prabha Energy Limited has informed the Exchange regarding Outcome of Committee Meeting held on March 23, 2026.

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PRABHA · price

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Price reaction · full curve 14 horizons · vs prior close
-5.2%1-day move
₹157.90
prior close
₹149.09
base price
In-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
-0.2+0.1+0.5-0.2-5.2-6.3-7.5-7.5-3.6+1.8+3.2+2.5+1.0-2.4
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AI summary

Prabha Energy Limited has issued a corrigendum to its earlier Rights Issue Committee Meeting outcome dated March 23, 2026, due to typographical errors in the original communication. The on-market trading in Rights Entitlements (REs) has been pushed back from March 23, 2026 to March 30, 2026. The Rights Issue Closing Date has been extended by 10 days, from March 27, 2026 to April 6, 2026. The Rights Issue Opening Date remains unchanged at March 20, 2026. All other terms and conditions of the Letter of Offer remain the same, and the company has confirmed compliance with SEBI LODR and ICDR regulations.

Likely market impact

Eligible shareholders get 10 extra days to subscribe to the rights issue, giving them more time to decide. The change is purely a procedural correction to the timetable and does not alter the size, price, or terms of the issue itself.