Prabha Energy Limited has submitted the Exchange a copy Srutinizers report of Annual General Meeting held on August 08, 2025
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Prabha Energy Limited submitted the voting results and scrutinizer's report for its 16th Annual General Meeting held on August 8, 2025, conducted via video conferencing from 11:00 AM to 11:22 AM. Out of 13,772 total shareholders on record, 13 promoters and 25 public shareholders attended through video conferencing. All 8 resolutions were passed with overwhelming approval (approximately 99.99% in favour), including adoption of audited financial statements for FY ending March 31, 2025, re-appointment of Mr. Shail Manoj Savla as director, appointment of Mr. Narayanan Sadanandan as independent director, approval of material related party transactions, revision of MD remuneration for Mr. Savla, re-appointment of Mr. Vishal Palkhiwala, disinvestment in a subsidiary company, and appointment of M/s RPSS & Co. as secretarial auditors. Total shareholder turnout was about 89.6%, with 122.67 million shares polled out of 136.9 million outstanding.
Smooth clearance of all 8 resolutions, including sensitive items like related party transactions and MD remuneration hike, signals strong promoter and shareholder support, reducing governance friction. The approved disinvestment in a subsidiary is a structural change worth monitoring as details emerge.