Prabha Energy Limited has successfully completed its rights issue process with the Rights Issue Committee approving the allotment of 96,67,258 partly paid-up equity shares. The development follows the closure of the company's ₹13920.85 lakh rights issue period, marking a significant milestone in the company's fundraising initiative.
Rights Issue Committee Meeting Outcome
The Rights Issue Committee meeting held on April 07, 2026, approved the allotment based on the Letter of Offer dated March 05, 2026. The allotment was finalized in consultation with the Registrar to the Issue and approved by the National Stock Exchange of India Limited as the designated stock exchange. The committee meeting was conducted from 08:10 pm to 08:30 pm.
Parameter: Details Shares Allotted: 96,67,258 Partly Paid-up Equity Shares Face Value: ₹1 per share Issue Price: ₹144 per share (including premium of ₹143) Amount Paid on Application: ₹48.96 per share (including premium of ₹48.62) Total Issue Size: ₹13920.85 Lakhs
Modified Share Capital Structure
Following the allotment, Prabha Energy Limited's paid-up equity share capital structure has been modified as detailed below:
Share Type: Number of Shares Face Value (₹) Amount (₹) Fully Paid-up Equity Shares: 13,69,05,531 1 13,69,05,531 Partly Paid-up Equity Shares: 96,67,258 1 96,67,258
Payment Structure and Future Calls
The rights issue follows a structured payment mechanism where shareholders have paid ₹48.96 per equity share on application. The balance amount will be payable through subsequent two calls, with timing to be determined by the Board or Rights Issue Committee at their discretion.
Rights Issue Timeline
The comprehensive rights issue process was executed over an 18-day period with the following key milestones:
Milestone: Date & Time Letter of Offer: March 05, 2026 Issue Opening: March 20, 2026 at 9:00 a.m. IST Issue Closure: April 06, 2026 at 5:00 p.m. IST Committee Meeting: April 07, 2026 (08:10 pm - 08:30 pm)
Regulatory Compliance
The allotment announcement was made under Regulation 30 of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The formal communication was sent to both BSE Limited and National Stock Exchange of India Limited. The notification was signed by Nikita Agarwalla, Company Secretary & Compliance Officer, with digital signature applied on April 07, 2026 at 20:33:30 +05'30'. Additional details are available on the company's website at www.prabhaenergy.com .
Prabha Energy Limited has submitted its quarterly compliance certificate to stock exchanges, fulfilling regulatory requirements under SEBI depositories regulations for the quarter ended March 31, 2026.
Regulatory Compliance Submission
The company filed the confirmation certificate under Regulation 74(5) of the SEBI (Depositories and Participants) Regulations, 2018 on April 07, 2026. The submission was made to both BSE Limited and National Stock Exchange of India Limited through Company Secretary and Compliance Officer Nikita Agarwalla.
Filing Details: Information Filing Date: April 07, 2026 Quarter Ended: March 31, 2026 Regulation: SEBI Regulation 74(5) Filed By: Nikita Agarwalla, Company Secretary Membership No.: A69933
Registrar Confirmation
The certificate was issued by MUFG Intime India Private Limited (formerly Link Intime India Private Limited), serving as the company's Registrar and Share Transfer Agent. The confirmation was provided by Ashok Shetty, Sr. Vice President-Corporate Registry, dated April 01, 2026.
Compliance Confirmations
The registrar confirmed several key compliance aspects for the quarter:
Securities received from depository participants for dematerialisation were properly confirmed to depositories
All securities comprised in certificates have been listed on stock exchanges where earlier issued securities are listed
Security certificates received for dematerialisation were confirmed or rejected within prescribed timelines
Physical certificates were mutilated and cancelled after due verification by depository participants
Depository names were substituted in the register of members as registered owners
Corporate Information
Company Details: Information BSE Scrip Code: 544379 NSE Symbol: PRABHA RTA: MUFG Intime India Private Limited RTA CIN: U67190MH1999PTC118368
This quarterly submission demonstrates Prabha Energy Limited's adherence to SEBI regulations governing depositories and participants, ensuring proper handling of securities dematerialisation processes during the quarter ended March 31, 2026.
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