Prabha Energy Limited has informed the Exchange regarding ''.
PRABHA · price
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Awaiting price reaction for this filing.
The board of Prabha Energy met on May 13, 2025 and approved the audited standalone and consolidated financial results for Q4 and FY ended March 31, 2025, along with the auditor's report from M/s Mahendra N. Shah & Co. The company declared an Unmodified (clean) opinion on the results. The board also decided to sell its 70% stake (3,50,000 shares) in subsidiary Deep Natural Resources Limited, subject to shareholder approval, after which it will cease to be a subsidiary. M/s Manubhai & Shah LLP was re-appointed as Internal Auditor for FY26, and M/s RPSS & Co. was re-appointed as Secretarial Auditor for a 5-year term. Mr. Narayanan Sadanandan (ex-SBI banker) was appointed as an Additional Non-Executive Independent Director for 5 years, and Mr. Vishal Palkhiwala was re-appointed as Executive Director for 3 years from August 1, 2025. The board also adopted an amended Code of Fair Disclosure of Unpublished Price Sensitive Information, aligned with SEBI's updated insider trading framework effective June 10, 2025.
The subsidiary stake sale is the most material item for shareholders – divesting a 70% holding in Deep Natural Resources simplifies the group structure and could unlock cash, though the financial impact depends on the sale price not disclosed here. The clean (unmodified) audit opinion is a positive sign, but actual FY25 revenue and profit numbers were not shared in this filing and will be key for stock price reaction.