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Prabha Energy Extends Rights Issue Closing Date to April 06, 2026
Prabha Energy Limited has issued a corrigendum to its Rights Issue schedule, extending the closing date from March 27, 2026, to April 06, 2026. The revision also shifts the on-market trading period for Rights Entitlements (REs) to begin on March 30, 2026, instead of the previously announced March 23. The company cited a typographical error in its earlier communication as the reason for these adjustments. The issue opening date remains unchanged at March 20, 2026, and all other terms of the offer remain the same.
Key Highlights
Rights Issue closing date extended by 10 days from March 27 to April 06, 2026
On-market trading of Rights Entitlements (REs) rescheduled to start on March 30, 2026
Rights Issue opening date remains fixed at March 20, 2026
Revision necessitated by a typographical error in the previous outcome letter dated March 23, 2026
💼 Action for Investors
Existing shareholders should update their calendars for the new closing date of April 06 and the revised RE trading window to ensure they either subscribe or renounce their rights in time.
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Prabha Energy Extends Rights Issue Closing Date to April 03, 2026
Prabha Energy Limited has announced an extension for its ongoing Rights Issue process following a committee meeting on March 23, 2026. The closing date for the issue has been shifted from March 27, 2026, to April 03, 2026, providing shareholders additional time to participate. Furthermore, the period for on-market trading of Rights Entitlements (REs) has been extended from March 23, 2026, to March 30, 2026. All other terms and conditions of the offer remain as previously disclosed in the Letter of Offer.
Key Highlights
Rights Issue closing date extended by one week from March 27 to April 03, 2026
On-market trading in Rights Entitlements (REs) extended to March 30, 2026
The Rights Issue opening date remains unchanged at March 20, 2026
Decision approved by the Rights Issue Committee in a meeting held on March 23, 2026
All other terms and conditions of the fundraising remain unchanged
💼 Action for Investors
Existing shareholders should take note of the extended timeline if they intend to subscribe to the rights or trade their entitlements. Ensure all applications are submitted before the revised deadline of April 03, 2026.
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Prabha Energy to raise ₹139.2 Cr via Rights Issue at ₹144 per share for MPS compliance
Prabha Energy Limited has announced a rights issue of up to 96,67,258 partly paid-up equity shares to raise approximately ₹139.21 crore. The issue is priced at ₹144 per share with an entitlement ratio of 5:14 for public shareholders as of the March 11, 2026 record date. Promoters are forgoing their entitlement to help the company meet SEBI's Minimum Public Shareholding (MPS) requirements. The payment is structured in three installments, with 34% (₹48.96) due on application and the remainder in two calls by July 2026.
Key Highlights
Rights issue of 96,67,258 shares at ₹144 each to raise up to ₹13,920.85 Lakhs
Entitlement ratio of 5 shares for every 14 shares held by public shareholders as of March 11, 2026
Promoters forgoing entitlement to comply with Minimum Public Shareholding (MPS) norms
Staggered payment: ₹48.96 on application, ₹47.52 in May 2026, and ₹47.52 in July 2026
Issue opens on March 20, 2026, and closes on March 27, 2026
💼 Action for Investors
Public shareholders should evaluate the ₹144 issue price against the prevailing market price to decide on subscription or renunciation by March 23, 2026. Be mindful of the future capital commitments required for the two subsequent calls in May and July.
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Prabha Energy Approves ₹139.21 Cr Rights Issue at ₹144 per Share; Ratio 5:14
Prabha Energy Limited has finalized the terms for its Rights Issue, aiming to raise approximately ₹139.21 Crores. The issue price is set at ₹144 per share, with a record date of March 11, 2026. Notably, the promoter group will forgo their rights entitlement to help the company comply with Minimum Public Shareholding (MPS) norms. The rights entitlement ratio is fixed at 5 equity shares for every 14 shares held by eligible public shareholders.
Key Highlights
Total issue size of 96,67,258 partly paid-up equity shares aggregating to ₹139.21 Crores
Rights Issue price fixed at ₹144 per share, including a premium of ₹143 per share
Rights Entitlement Ratio set at 5 shares for every 14 fully paid-up shares held by public shareholders
Record date for determining eligibility is Wednesday, March 11, 2026
Promoters to forgo their entitlement to ensure compliance with Minimum Public Shareholding (MPS) rules
💼 Action for Investors
Eligible shareholders should evaluate the ₹144 issue price against the current market price to decide on exercising their rights. The promoter's decision to forgo entitlement is a positive signal for increasing public float and regulatory compliance.
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Prabha Energy to Raise ₹139.21 Crore via Rights Issue; Sets Record Date for March 11
Prabha Energy Limited has finalized the terms for its Rights Issue, aiming to raise approximately ₹139.21 crores by issuing 96,67,258 equity shares. The issue price is set at ₹144 per share, with a rights entitlement ratio of 5 shares for every 14 shares held by public shareholders as of the record date, March 11, 2026. Significantly, the promoters have committed to forgoing their entire entitlement to help the company achieve the mandatory Minimum Public Shareholding (MPS) requirements. The shares will be issued as partly paid-up equity shares.
Key Highlights
Total Rights Issue size of ₹139.21 Crores involving 96,67,258 equity shares.
Issue price fixed at ₹144 per share, including a premium of ₹143.
Rights Entitlement Ratio set at 5:14 for eligible public shareholders.
Record date for determining eligibility is Wednesday, March 11, 2026.
Promoters to forgo their rights to comply with SEBI Minimum Public Shareholding (MPS) norms.
💼 Action for Investors
Existing public shareholders should monitor the stock price relative to the ₹144 issue price and decide whether to subscribe or renounce their rights before the record date. Investors should note that the promoters forgoing their rights will lead to an increase in the public shareholding percentage.
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Prabha Energy to Raise ₹139.21 Cr via Rights Issue at ₹144/Share; Record Date March 11
Prabha Energy Limited has approved a rights issue to raise approximately ₹139.21 crores by issuing 96,67,258 partly paid-up equity shares. The issue is priced at ₹144 per share, representing a significant premium over the ₹1 face value. The rights entitlement ratio is fixed at 5 shares for every 14 shares held by public shareholders as of the record date, March 11, 2026. Crucially, the promoter group will forgo their entitlements to help the company comply with SEBI's Minimum Public Shareholding (MPS) requirements.
Key Highlights
Rights issue size of ₹139.21 crores involving 96,67,258 partly paid-up equity shares.
Issue price fixed at ₹144 per share, including a premium of ₹143 per share.
Rights entitlement ratio of 5:14 for public category shareholders as of March 11, 2026.
Promoters and Promoter Group to forgo their entitlements to achieve Minimum Public Shareholding (MPS) compliance.
Total outstanding equity shares to increase from 13.69 crore to 14.66 crore post-issue.
💼 Action for Investors
Existing public shareholders should monitor the record date of March 11, 2026, to be eligible for rights entitlements. The promoters forgoing their rights is a positive sign for liquidity and regulatory compliance.
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Prabha Energy Approves Draft Letter of Offer for ₹140 Crore Rights Issue
Prabha Energy Limited's Rights Issue Committee has approved the Draft Letter of Offer for a fundraise not exceeding ₹14,000 Lakhs (₹140 Crores). The issuance will consist of partly paid-up equity shares with a face value of ₹1 each. The company is now proceeding to file the draft with BSE and NSE for in-principle approvals. This move follows the initial board approval for capital raising granted in December 2025.
Key Highlights
Approved Draft Letter of Offer for a Rights Issue up to ₹14,000 Lakhs (₹140 Crores)
Issuance involves partly paid-up equity shares with a face value of ₹1 per share
Application for in-principle approval to be filed with both BSE and NSE
The fundraise follows a prior Board of Directors resolution dated December 26, 2025
💼 Action for Investors
Investors should wait for the announcement of the rights price and entitlement ratio to calculate the potential dilution and cost of participation. Monitor the company's stated use of proceeds to evaluate if the capital will be used for high-growth expansion or debt reduction.
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Prabha Energy Q3 Results: Returns to Profit with ₹88.75 Lakhs PAT; Revenue Jumps 236% YoY
Prabha Energy Limited reported a significant turnaround in Q3 FY26, posting a net profit of ₹88.75 Lakhs compared to a loss of ₹23.04 Lakhs in the same quarter last year. Revenue from operations surged by 236% YoY to ₹134.86 Lakhs, primarily driven by sales from the NK block currently in its testing phase. The company also completed a strategic divestment of its 70% stake in Deep Natural Resources Limited, which boosted other income and led to de-consolidation. For the nine-month period ended December 2025, the company has successfully moved from a loss of ₹77.54 Lakhs to a profit of ₹37.77 Lakhs.
Key Highlights
Revenue from operations grew 236% YoY to ₹134.86 Lakhs in Q3 FY26.
Reported a Net Profit of ₹88.75 Lakhs against a loss of ₹23.04 Lakhs in Q3 FY25.
Divested 70% stake in subsidiary Deep Natural Resources Limited at a premium of ₹31.25 per share.
Nine-month (9M) total income rose to ₹443.09 Lakhs from ₹122.61 Lakhs YoY.
EPS improved to ₹0.07 for the quarter from a negative ₹0.02 in the previous year.
💼 Action for Investors
Investors should view the return to profitability and revenue growth from the NK block testing phase as positive indicators. However, monitor the transition of these wells to full production as it will initiate depletion charges which may impact future margins.
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Prabha Energy Q3 Results: Returns to Profit with ₹88.75 Lakhs; Sells 70% Subsidiary Stake
Prabha Energy reported a significant turnaround in Q3 FY26, posting a standalone net profit of ₹88.75 Lakhs compared to a loss of ₹23.04 Lakhs in the same quarter last year. Revenue from operations grew by 236% year-on-year to ₹134.86 Lakhs, supported by sales from wells in the testing phase at the NK block. A key strategic move during the quarter was the sale of a 70% stake in its subsidiary, Deep Natural Resources Limited, to Deep Industries Limited at a premium of ₹31.25 per share. Total income was further boosted by other income of ₹119.39 Lakhs, likely reflecting gains from this divestment.
Key Highlights
Standalone Revenue from Operations jumped 236% YoY to ₹134.86 Lakhs from ₹40.13 Lakhs.
Net Profit stood at ₹88.75 Lakhs for Q3 FY26, reversing a loss of ₹23.04 Lakhs in the previous year's quarter.
Divested 70% stake (3,50,000 shares) in subsidiary Deep Natural Resources Limited at a premium of ₹31.25 per share.
Other Income rose sharply to ₹119.39 Lakhs, significantly contributing to the quarterly performance.
Expenditure on NK block wells is being capitalized as per Ind AS 106 while testing is ongoing, with test sales recognized as revenue.
💼 Action for Investors
The company has demonstrated a positive turnaround and improved its balance sheet through a strategic subsidiary sale. Investors should monitor the progress of the NK block as it moves from the testing phase to established reserves for sustainable revenue growth.
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Prabha Energy Shareholders Approve Shanil Paras Savla as Managing Director
Prabha Energy Limited has announced the results of its postal ballot, where shareholders overwhelmingly approved key leadership changes. Mr. Shanil Paras Savla has been re-designated as the Managing Director of the company, and Mrs. Shivangi Digant Shah has been appointed as a Non-Executive Independent Director. Both resolutions passed with over 121.2 million votes in favor and negligible opposition. These appointments, effective from January 30, 2026, provide the company with formalized executive leadership and strengthened board governance.
Key Highlights
Mr. Shanil Paras Savla re-designated as Managing Director with 121,229,932 votes in favor.
Mrs. Shivangi Digant Shah appointed as Non-Executive Independent Director with 100% of valid votes cast in favor.
A total of 13,665 shareholders were eligible to vote as of the record date of December 26, 2025.
All resolutions passed with a requisite majority, receiving only 27 votes against each proposal.
💼 Action for Investors
The formalization of the Managing Director's role ensures leadership stability; investors should monitor the company's performance and strategic execution under this confirmed management.
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Prabha Energy MD Shail Manoj Savla Resigns Effective December 31, 2025
Prabha Energy Limited has announced that Mr. Shail Manoj Savla has resigned from his position as Managing Director, effective from the close of business on December 31, 2025. The resignation is attributed to personal reasons, specifically pre-occupation and paucity of time. Along with his role as MD, he has also stepped down from the Stakeholder Relationship Committee. The company has confirmed that there are no other material reasons for his departure beyond those stated.
Key Highlights
Mr. Shail Manoj Savla resigned as Managing Director effective December 31, 2025.
Resignation cited personal reasons including pre-occupation and paucity of time.
Mr. Savla also ceased to be a member of the Stakeholder Relationship Committee.
The company confirmed no other material reasons for the resignation exist.
💼 Action for Investors
Investors should monitor the company's upcoming announcements regarding the appointment of a new Managing Director to ensure leadership continuity. Watch for any potential impact on strategic execution during this transition period.
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Prabha Energy Proposes Appointment of New MD and Independent Director via Postal Ballot
Prabha Energy Limited has initiated a postal ballot process to seek shareholder approval for key leadership changes. The company proposes to appoint Mrs. Shivangi Digant Shah as an Independent Director for a five-year term. Additionally, Mr. Shanil Paras Savla is proposed to be regularized as a Director and re-designated as Managing Director for a three-year term starting January 1, 2026. The proposed remuneration for the Managing Director is set at a maximum of Rs. 6,00,000 per month plus perquisites.
Key Highlights
Appointment of Mrs. Shivangi Digant Shah as Independent Director for a 5-year term effective November 4, 2025.
Proposed re-designation of Mr. Shanil Paras Savla as Managing Director for 3 years starting January 1, 2026.
Proposed monthly salary for the Managing Director capped at Rs. 6,00,000 plus perquisites.
E-voting period scheduled from January 1, 2026, to January 30, 2026, with a cut-off date of December 26, 2025.
💼 Action for Investors
Investors should monitor the transition in leadership and evaluate if the new Managing Director's experience aligns with the company's long-term strategic goals. No immediate portfolio action is required beyond participating in the electronic voting process.
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Prabha Energy to Raise ₹190 Crore via Rights Issue; Appoints New Managing Director
Prabha Energy Limited has approved a significant fundraise of up to ₹19,000 Lakhs (₹190 Crores) through a rights issue of equity shares to existing shareholders. Alongside this capital raise, the company announced a leadership transition where Mr. Shanil Paras Savla will take over as Managing Director effective January 1, 2026. The outgoing Managing Director, Mr. Shail Manoj Savla, is resigning due to personal reasons effective December 31, 2025. A dedicated Rights Issue Committee has been formed to finalize the pricing, entitlement ratio, and record date for the upcoming issue.
Key Highlights
Board approved raising funds up to ₹19,000 Lakhs (₹190 Crores) via a Rights Issue of equity shares.
Mr. Shanil Paras Savla appointed as Managing Director for a 3-year term starting January 1, 2026.
Outgoing MD Mr. Shail Manoj Savla to step down on December 31, 2025, citing personal reasons.
Rights Issue Committee constituted to determine the issue price, ratio, and record date in due course.
New MD Shanil Paras Savla brings over 5 years of experience in the Oil and Gas industry with an MBA from the USA.
💼 Action for Investors
Investors should wait for the announcement of the rights issue price and entitlement ratio to evaluate the potential dilution and the attractiveness of the offer. The leadership transition should be monitored to ensure continuity in the company's strategic and operational execution.
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Prabha Energy to Raise ₹190 Crore via Rights Issue; Appoints New Managing Director
Prabha Energy Limited has approved a significant fundraise of up to ₹190 crore through a Rights Issue of equity shares with a face value of ₹1 each. Alongside the capital raise, the company announced a leadership transition where Mr. Shanil Paras Savla will take over as Managing Director effective January 1, 2026. This follows the resignation of the current MD, Mr. Shail Manoj Savla, who is stepping down for personal reasons. A dedicated Rights Issue Committee has been formed to finalize the pricing, entitlement ratio, and record date for the issuance.
Key Highlights
Approved fundraise of up to ₹19,000 Lakhs (₹190 Crores) via a Rights Issue of equity shares.
Appointment of Mr. Shanil Paras Savla as Managing Director for a 3-year term starting January 1, 2026.
Resignation of current Managing Director Mr. Shail Manoj Savla effective December 31, 2025.
Formation of a Rights Issue Committee to determine the issue price, entitlement ratio, and record date.
New MD Shanil Paras Savla brings 5 years of experience in the Oil and Gas industry and an MBA from the USA.
💼 Action for Investors
Investors should wait for the announcement of the Rights Issue price and entitlement ratio to assess the potential dilution and the attractiveness of the offer. Additionally, monitor the new Managing Director's strategic vision for the utilization of the ₹190 crore capital.
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Prabha Energy to Raise ₹190 Crore via Rights Issue; Appoints New Managing Director
Prabha Energy Limited has approved a significant fundraise of up to ₹19,000 Lakhs (₹190 Crores) through a rights issue of equity shares. In a major leadership transition, Mr. Shanil Paras Savla has been appointed as the new Managing Director for a three-year term starting January 1, 2026. This follows the resignation of the current MD, Mr. Shail Manoj Savla, effective December 31, 2025. The company has formed a dedicated committee to finalize the rights issue terms, including the price and entitlement ratio.
Key Highlights
Board approved fundraising of up to ₹19,000 Lakhs through a Rights Issue of equity shares.
Mr. Shanil Paras Savla appointed as Managing Director for 3 years effective January 1, 2026.
Current MD Mr. Shail Manoj Savla resigned effective December 31, 2025, due to personal reasons.
The new MD holds an MBA from the USA and has over 5 years of experience in the Oil and Gas industry.
A Rights Issue Committee has been constituted to determine the final issue price, ratio, and record date.
💼 Action for Investors
Investors should monitor the upcoming announcement of the rights issue price and entitlement ratio to evaluate potential equity dilution. The leadership change to a younger MD with international experience should be watched for any shifts in the company's strategic direction.
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Prabha Energy to Raise ₹190 Crore via Rights Issue; Appoints Shanil Paras Savla as New MD
Prabha Energy's Board has approved a significant fundraise of up to ₹19,000 Lakhs (₹190 Crores) through a rights issue of equity shares to its existing shareholders. In a major leadership transition, Mr. Shanil Paras Savla has been appointed as the new Managing Director for a three-year term effective January 1, 2026. This follows the resignation of the current MD, Mr. Shail Manoj Savla, who is stepping down due to personal reasons and time constraints. The company has constituted a Rights Issue Committee to finalize the specific terms, including the issue price and entitlement ratio.
Key Highlights
Approved raising up to ₹19,000 Lakhs (₹190 Crores) through a Rights Issue of equity shares.
Mr. Shanil Paras Savla appointed as Managing Director for a 3-year term starting January 1, 2026.
Current Managing Director Mr. Shail Manoj Savla to resign effective December 31, 2025.
A Rights Issue Committee has been formed to determine the issue price, ratio, and record date.
The incoming MD brings over 5 years of experience in the Oil and Gas industry with an MBA from the USA.
💼 Action for Investors
Investors should monitor the upcoming announcement regarding the rights issue price and ratio to evaluate the potential dilution and valuation. The leadership change to a younger executive with industry-specific education suggests a potential shift in long-term strategy.
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Prabha Energy to Raise ₹190 Crore via Rights Issue; Shanil Paras Savla Appointed as New MD
Prabha Energy Limited has approved a significant fundraise of up to ₹19,000 Lakhs (₹190 Crores) through a Rights Issue to existing shareholders. Alongside this capital raise, the company announced a leadership transition where Mr. Shail Manoj Savla will resign as Managing Director effective December 31, 2025. He will be succeeded by Mr. Shanil Paras Savla, who has been appointed as the Managing Director for a three-year term starting January 1, 2026. A Rights Issue Committee has been established to finalize the specific terms, including the pricing and entitlement ratio.
Key Highlights
Approved raising up to ₹19,000 Lakhs (₹190 Crores) through the issuance of equity shares on a rights basis.
Mr. Shail Manoj Savla resigns as Managing Director effective December 31, 2025, citing personal reasons.
Mr. Shanil Paras Savla appointed as Managing Director for a 3-year term starting January 1, 2026.
The Rights Issue Committee will determine the final issue price, rights entitlement ratio, and record date.
Incoming MD Shanil Paras Savla brings 5 years of experience in the Oil and Gas industry and holds an MBA from the USA.
💼 Action for Investors
Investors should monitor the upcoming announcement regarding the Rights Issue price and ratio to evaluate the potential for dilution. The management change indicates a generational shift that could influence the company's long-term strategic direction.
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Prabha Energy to Raise ₹190 Cr via Rights Issue; Appoints New Managing Director
Prabha Energy Limited has approved a significant fundraise of up to ₹19,000 Lakhs (₹190 Crores) through a Rights Issue of equity shares. In a major leadership shift, Mr. Shanil Paras Savla has been appointed as the new Managing Director for a three-year term effective January 1, 2026. This follows the resignation of the current MD, Mr. Shail Manoj Savla, who is stepping down due to personal reasons. The company has constituted a Rights Issue Committee to finalize the specific terms, including the issue price and entitlement ratio.
Key Highlights
Board approved raising up to ₹19,000 Lakhs (₹190 Crores) via a Rights Issue of equity shares.
Mr. Shanil Paras Savla appointed as Managing Director for 3 years starting January 1, 2026.
Outgoing MD Mr. Shail Manoj Savla to resign effective December 31, 2025, citing personal reasons.
Rights Issue Committee formed to determine the entitlement ratio, record date, and issue price.
New MD brings over 5 years of experience in the Oil and Gas industry with an MBA from the USA.
💼 Action for Investors
Investors should wait for the announcement of the Rights Issue price and ratio to evaluate the extent of equity dilution. Monitor the new Managing Director's strategic direction for the company's Oil and Gas projects following the ₹190 Crore capital infusion.
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Prabha Energy to Raise ₹190 Crore via Rights Issue; Appoints New Managing Director
Prabha Energy's board has approved a significant fundraise of up to ₹190 Crores through a Rights Issue to existing shareholders. The company also announced a leadership transition, with Mr. Shanil Paras Savla succeeding Mr. Shail Manoj Savla as Managing Director effective January 1, 2026. The new MD brings over 5 years of experience in the Oil and Gas industry and will oversee finance, investment, and strategy. Detailed terms of the Rights Issue, including the price and record date, will be decided by a newly formed committee in due course.
Key Highlights
Approved fundraising of up to ₹19,000 Lakhs (₹190 Crores) via a Rights Issue of equity shares.
Mr. Shanil Paras Savla appointed as Managing Director for a 3-year term starting January 1, 2026.
Outgoing MD Mr. Shail Manoj Savla to step down on December 31, 2025, citing personal reasons.
A Rights Issue Committee has been constituted to finalize the issue price, ratio, and record date.
💼 Action for Investors
Monitor the upcoming details on the Rights Issue pricing and entitlement ratio to evaluate the cost of participation and potential equity dilution. Investors should also track the new leadership's ability to deploy the raised capital effectively.
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Prabha Energy Board to Consider Capital Raising via Rights Issue on December 26
Prabha Energy Limited has announced a Board of Directors meeting scheduled for December 26, 2025, to consider a proposal for raising capital through a Rights Issue. The company intends to issue fully paid-up equity shares to existing shareholders, subject to necessary regulatory and statutory approvals. In compliance with SEBI regulations, the trading window for the company's securities has been closed for designated persons starting December 19, 2025. This move indicates a strategic effort to strengthen the company's capital base.
Key Highlights
Board meeting scheduled for December 26, 2025, to discuss capital raising via Rights Issue.
Proposal involves the issuance of fully paid-up equity shares to existing shareholders.
Trading window for designated persons closed from December 19, 2025, until 48 hours post-meeting.
The fundraise is subject to applicable laws and regulatory approvals.
💼 Action for Investors
Investors should wait for the board's decision on December 26 regarding the Rights Issue price and entitlement ratio. Assess the intended use of the proceeds to determine if the capital will be used for growth-oriented expansion or debt repayment.