Prabha Energy Limited has informed the Exchange that Record date for the purpose of Rights is 11-Mar-2026.
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Prabha Energy Limited has finalised the terms of its upcoming Rights Issue, with a record date set for March 11, 2026. The company will issue approximately 96.67 lakh partly paid-up equity shares at ₹144 per share (face value ₹1, premium ₹143), aggregating to about ₹139.21 crores assuming full subscription. The entitlement ratio is 5 rights shares for every 14 fully paid-up shares held by eligible shareholders. Promoters and promoter group will forgo their entitlement to help the company comply with minimum public shareholding (MPS) norms. Post-issue, outstanding shares will rise from 13.69 crore to 14.66 crore.
Eligible shareholders as on the March 11 record date can subscribe to the rights issue at ₹144 per share. Promoters forgoing their entitlement is positive for MPS compliance but means the entire issue will be absorbed by public shareholders, leading to potential dilution of their holdings if not fully subscribed.