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PRABHA - Prabha Energy

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

📢 Recent Corporate Announcements

Prabha Energy Limited Confirms Non-Large Corporate Status for FY 2025-26

🟡 NEUTRAL ⭐ 3/10

ROUTINE 📅 30 Apr 2026, 06:41 PM

Prabha Energy Limited has submitted a formal disclosure to the stock exchanges confirming that it does not qualify as a "Large Corporate" (LC) as of March 31, 2026. This assessment is based on the criteria set by SEBI's operational circular dated October 19, 2023. As a result, the company is not subject to the mandatory requirement of raising 25% of its incremental borrowings through the issuance of debt securities. This is a standard annual regulatory filing required for all listed entities in India.

Prabha Energy Limited does not meet the Large Corporate framework criteria as of March 31, 2026.
The disclosure follows SEBI Operational Circular SEBI/HO/DDHS/DDHS-RACPOD1/P/CIR/2023/172.
The company is exempt from mandatory debt market borrowing requirements applicable to larger entities.
The filing was submitted to both the National Stock Exchange (NSE) and Bombay Stock Exchange (BSE).

💡 No action is required as this is a routine regulatory compliance disclosure with no impact on the company's fundamentals or operations.

Prabha Energy Limited Announces Trading Window Closure from April 1, 2026

🟡 NEUTRAL ⭐ 2/10

ROUTINE 📅 25 Mar 2026, 03:48 PM

Prabha Energy Limited has announced the closure of its trading window starting April 1, 2026, in compliance with SEBI Prohibition of Insider Trading Regulations. This closure is ahead of the declaration of the audited financial results for the quarter and year ending March 31, 2026. The restriction applies to all designated persons and their immediate relatives. The window will remain closed until 48 hours after the financial results are officially disclosed to the stock exchanges.

Trading window closure effective from April 1, 2026.
Closure pertains to the audited financial results for the quarter and year ending March 31, 2026.
Trading restriction will be lifted 48 hours after the results are declared.
Compliance follows SEBI (Prohibition of Insider Trading) Regulations, 2015.

💡 This is a routine regulatory announcement with no impact on company fundamentals; investors should monitor for the upcoming board meeting date for financial results.

Prabha Energy Extends Rights Issue Closing Date to April 06, 2026

🟡 NEUTRAL ⭐ 6/10

FUNDRAISE 📅 23 Mar 2026, 02:09 PM

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.

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

💡 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.

Prabha Energy Extends Rights Issue Closing Date to April 03, 2026

🟡 NEUTRAL ⭐ 6/10

FUNDRAISE 📅 23 Mar 2026, 01:20 PM

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.

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

💡 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.

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.

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.