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PRABHA - Prabha Energy

📊 NSE: PRABHA 🏢 Oil Exploration & Production 📅 Last Updated: 11/13/2025 15:25

📢 Recent Corporate Announcements

Prabha Energy to raise ₹139.2 Cr via Rights Issue at ₹144 per share for MPS compliance

🟡 NEUTRAL ⭐ 8/10

FUNDRAISE 📅 09 Mar 2026, 02:41 PM

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.

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

💡 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.

Prabha Energy Approves ₹139.21 Cr Rights Issue at ₹144 per Share; Ratio 5:14

🟢 POSITIVE ⭐ 8/10

FUNDRAISE 📅 05 Mar 2026, 03:47 PM

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.

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

💡 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.

Prabha Energy to Raise ₹139.21 Crore via Rights Issue; Sets Record Date for March 11

🟡 NEUTRAL ⭐ 8/10

FUNDRAISE 📅 05 Mar 2026, 03:32 PM

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.

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.

💡 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.

Prabha Energy to Raise ₹139.21 Cr via Rights Issue at ₹144/Share; Record Date March 11

🟢 POSITIVE ⭐ 8/10

FUNDRAISE 📅 05 Mar 2026, 03:12 PM

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.

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.

💡 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.

Prabha Energy Approves Draft Letter of Offer for ₹140 Crore Rights Issue

🔵 WATCH ⭐ 7/10

FUNDRAISE 📅 17 Feb 2026, 03:34 PM

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.

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

💡 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.

Prabha Energy Q3 Results: Returns to Profit with ₹88.75 Lakhs PAT; Revenue Jumps 236% YoY

🟢 POSITIVE ⭐ 8/10

EARNINGS 📅 10 Feb 2026, 02:05 PM

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.

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.

💡 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.

Prabha Energy Q3 Results: Returns to Profit with ₹88.75 Lakhs; Sells 70% Subsidiary Stake

🟢 POSITIVE ⭐ 8/10

EARNINGS 📅 10 Feb 2026, 02:02 PM

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.

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.

💡 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.

Prabha Energy Shareholders Approve Shanil Paras Savla as Managing Director

🟢 POSITIVE ⭐ 6/10

MANAGEMENT 📅 02 Feb 2026, 03:27 PM

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.

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.

💡 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.

Prabha Energy Submits SEBI Regulation 74(5) Compliance Certificate for Q3 FY26

🟡 NEUTRAL ⭐ 2/10

ROUTINE 📅 06 Jan 2026, 06:41 PM

Prabha Energy Limited has filed its quarterly compliance certificate under Regulation 74(5) of the SEBI (Depositories and Participants) Regulations, 2018. The certificate, issued by the Registrar and Share Transfer Agent (RTA) MUFG Intime India Private Limited, confirms the processing of dematerialization requests for the quarter ended December 31, 2025. It verifies that share certificates received were mutilated, cancelled, and the records of the company were updated within the prescribed timelines. This is a standard administrative filing required for all listed entities in India.

Compliance certificate submitted for the quarter ended December 31, 2025.
RTA MUFG Intime India Private Limited confirmed all dematerialization requests were processed.
Security certificates were mutilated and cancelled after due verification by the depository participant.
The name of the depositories has been substituted in the register of members as the registered owner.

💡 No action is required from investors as this is a routine regulatory filing confirming the company's administrative compliance with SEBI norms.

Prabha Energy MD Shail Manoj Savla Resigns Effective December 31, 2025

🔵 WATCH ⭐ 7/10

MANAGEMENT 📅 05 Jan 2026, 04:21 PM

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.

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.

💡 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.

Prabha Energy Proposes Appointment of New MD and Independent Director via Postal Ballot

🟡 NEUTRAL ⭐ 6/10

MANAGEMENT 📅 30 Dec 2025, 02:50 PM

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.

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.

💡 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.

Prabha Energy to Raise ₹190 Crore via Rights Issue; Appoints New Managing Director

🔵 WATCH ⭐ 8/10

FUNDRAISE 📅 26 Dec 2025, 06:31 PM

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.

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.

💡 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.

Prabha Energy to Raise ₹190 Crore via Rights Issue; Appoints New Managing Director

🔵 WATCH ⭐ 8/10

FUNDRAISE 📅 26 Dec 2025, 06:30 PM

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.

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.

💡 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.

Prabha Energy to Raise ₹190 Crore via Rights Issue; Appoints Shanil Paras Savla as New MD

🔵 WATCH ⭐ 8/10

FUNDRAISE 📅 26 Dec 2025, 06:27 PM

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.

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.

💡 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.

Prabha Energy to Raise ₹190 Crore via Rights Issue; Shanil Paras Savla Appointed as New MD

🔵 WATCH ⭐ 8/10

FUNDRAISE 📅 26 Dec 2025, 06:27 PM

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.

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.

💡 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.

View All PRABHA Announcements on Live Market Tracking →

💰 Financial Performance

Revenue Growth by Segment

Revenue from operations grew by 194.09% YoY, reaching INR 1.57 Cr (157.75 Lakhs) in FY 2024-25 compared to INR 0.53 Cr (53.64 Lakhs) in FY 2023-24. Total business income increased by 195.18% to INR 2.03 Cr (203.05 Lakhs).

Geographic Revenue Split

Not disclosed in available documents, though operations are focused on onshore assets in India, specifically the Jharia CBM block and 5370 sq km of exploration area.

Profitability Margins

Operating Profit Margin improved from -276.21% to -160.88% YoY, a 41.75% improvement due to higher sales volume. Net Profit Margin improved from -106.46% to -77.06% YoY, representing a 27.61% reduction in net loss margins.

EBITDA Margin

Not explicitly disclosed as EBITDA, but Operating Profit Margin stands at -160.88% for FY 2024-25, reflecting a loss-making development phase despite a 41.75% improvement in margin efficiency YoY.

Capital Expenditure

Not disclosed in absolute INR Cr, but the company is funding ongoing projects through additional debt, resulting in a 62.27% increase in the Debt-Equity ratio to 0.29. Planned capex includes infield pipelines, Gas Gathering Stations (GGS), and processing facilities over the next 2 years.

Credit Rating & Borrowing

The company has not been assigned any credit ratings by any agencies. Borrowing costs are reflected in an Interest Coverage Ratio of -4.73%, which declined from -25.30% due to increased loan intake for projects.

⚙️ Operational Drivers

Raw Materials

The business is an E&P company where the primary 'inputs' are skilled manpower, specialized machinery, and third-party contractor services. Watering costs in gas exploration represent a significant operational expense.

Import Sources

Not disclosed in available documents; however, technical talent is sourced from reputed Indian technical and petroleum institutes.

Key Suppliers

Not disclosed in available documents, though the company relies heavily on third-party contractors for quality control and operational execution.

Capacity Expansion

Current assets include 11 onshore blocks (4 in development, 4 in exploration) covering 5370 sq km with 460 MMBOE of prognostic hydrocarbon resource. Expansion includes connecting the Jharia CBM block to the Urja Ganga pipeline via a new authorized pipeline.

Raw Material Costs

Not disclosed as a % of revenue, but watering costs are identified as a high-cost activity that adversely affects financials during the gas extraction phase.

Manufacturing Efficiency

Not applicable as an E&P firm; however, Debtors Turnover Ratio improved by 538.64% to 22.09 times, indicating significantly faster collection of trade receivables.

Logistics & Distribution

The company is authorized by PNGRB to lay a pipeline to connect the Jharia CBM block to the National Gas Grid, which will reduce future distribution costs and provide market access.

📈 Strategic Growth

Growth Strategy

Growth will be achieved through the monetization of CBM gas assets, leveraging a recent merger with Deep Energy Resources and Savla Oil & Gas to simplify structure, and utilizing the Urja Ganga pipeline for nationwide market access. The company is transitioning into a phase of rapid growth led by these CBM assets.

Products & Services

Natural Gas, Coal Bed Methane (CBM), and Crude Oil from conventional and unconventional onshore assets.

Brand Portfolio

Prabha Energy Limited (PEL).

New Products/Services

Development of CBM gas assets is expected to be the primary new revenue contributor as assets move from exploration to production phase.

Market Expansion

Targeting the nationwide gas market through the National Gas Grid connection via the Urja Ganga pipeline within the next 2 years.

Strategic Alliances

Maintains robust partnerships with Public Sector Undertakings (PSUs) to strengthen its position in the energy sector.

🌍 External Factors

Industry Trends

The industry is shifting toward unconventional hydrocarbons. The Indian government plans to double exploration area to 0.5 million sq km by 2025 and 1 million sq km by 2030. The separation of Oil/Gas from mining in the 2024 Bill is a major regulatory shift.

Competitive Landscape

Operates in a high-risk, capital-intensive industry alongside PSUs and other private E&P players.

Competitive Moat

Moat is based on a large acreage of 5370 sq km and 460 MMBOE of prognostic resources. Sustainability depends on the successful execution of development plans and monetization of CBM assets.

Macro Economic Sensitivity

Highly sensitive to global gas prices and the stability of the domestic pricing regime. Global growth is projected at 3.1% in 2024, impacting energy demand.

Consumer Behavior

Increasing demand for Natural Gas as it is the cleanest fossil fuel, supporting the company's focus on CBM.

Geopolitical Risks

Not disclosed, though the company is subject to Indian regulatory shifts such as the Oilfields (Regulations and Development) Amendment Bill 2024.

⚖️ Regulatory & Governance

Industry Regulations

Governed by the Oilfields (Regulations and Development) Amendment Bill 2024, which replaces 'mining leases' with 'petroleum leases' for exploration and production.

Environmental Compliance

Ensures compliance with all rules regarding Health, Safety, and Environment (HSE) protection, including regular MVT and firefighting training.

Legal Contingencies

No penalties or strictures were imposed on the company by Stock Exchanges, SEBI, or any statutory authority related to capital markets during the last three years.

⚠️ Risk Analysis

Key Uncertainties

Estimates on reserves and resources are based on simulations; actual outcomes may be lower than the 460 MMBOE estimate. Extraction is highly risky with significant uncertainties.