Prabha Energy Limited has Submitted to the Exchange a copy of Disclosure under Regulation 31(4) of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.
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Awaiting price reaction for this filing.
Prabha Energy's promoter, Parasbhai Shantilal Savla, along with the promoter group and persons acting in concert, has filed the yearly Reg 31(4) declaration confirming they collectively hold 10,98,37,209 equity shares (80.23%) of the company as of March 31, 2025. The filing explicitly states that no encumbrance (pledge or otherwise) was created, directly or indirectly, on these shareholdings during the financial year. The high promoter concentration is partly explained by share allotment under an NCLT-sanctioned scheme of arrangement (order dated August 30, 2024), with 97,21,036 shares of Rupesh Savla Family Trust still lying in an escrow account pending procedural completion.
This is a routine annual compliance filing with no negative signal for shareholders – the promoter group has neither pledged nor sold any shares during the year, indicating stability. However, retail investors should note the very high promoter holding of 80.23%, which means low free float and potentially limited liquidity in the stock.