Prabha Energy Limited has informed the Exchange regarding Outcome of Committee Meeting held on March 23, 2026.
PRABHA · price
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Prabha Energy Limited has extended the closing date of its ongoing Rights Issue by about a week, from March 27, 2026 to April 03, 2026. The date for on-market trading in Rights Entitlements (REs) has also been pushed from March 23, 2026 to March 30, 2026. The opening date of March 20, 2026 remains unchanged. All other terms and conditions mentioned in the Letter of Offer stay the same. The decision was taken at the Rights Issue Committee meeting held on March 23, 2026.
The extension gives existing shareholders more time to subscribe to or trade their Rights Entitlements, but may signal softer subscription momentum. No change in the issue size, price, or terms — purely a timeline extension.