Prabha Energy Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 05/03/2026 ,inter alia, to consider and approve Rights Issue Committee meeting ....
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Prabha Energy Ltd has postponed its Rights Issue Committee meeting originally scheduled for February 27, 2026, rescheduling it to March 5, 2026. The reason given is that the company has not yet received in-principle approval from BSE and NSE for the proposed rights issue. The rescheduled meeting will consider and approve key terms such as the issue price, rights entitlement ratio, record date, issue size, and overall issue schedule. Until the stock exchanges grant approval, the rights issue details remain undecided.
The postponement is a procedural delay pending regulatory approval and does not change the company's intent to launch a rights issue. Shareholders should note that key details like price, ratio, and record date are still pending and could influence stock price once announced.