Prabha Energy Announces Financial Results and Re-appointments of Directors; Plans QIP for Up To ₹150 Crores

Prabha Energy Announces Financial Results and Re-appointments of Directors; Plans QIP for Up To ₹150 Crores​

Prabha Energy Ltd. confirmed its un-audited financial results for the quarter ended June 30, 2026, following a Board meeting held on July 30, 2026. The company also announced the re-appointment of Mr. Prem Singh Sawhney as Executive Director and Mrs. Shaily Dedhia as an Independent Director. Furthermore, Prabha Energy disclosed plans to raise funds through Qualified Institutional Placements (QIP) up to ₹150 Crores.

Financial Performance Review​

The Board approved the un-audited financial results for the quarter ending June 30, 2026, which were reviewed by the Statutory Auditors, M/s Mahendra N. Shah & Co. The company’s operations span both standalone and consolidated segments.

Key highlights from the unaudited standalone financial statements (in lakhs) are presented below:


The unaudited consolidated financial results, which include Deep Energy LLC, USA, show the following performance metrics:


The company noted that expenditure incurred on wells in the NK block, which are currently under the testing phase, has been capitalized in line with Indian AS 106 and industry guidance. Sales generated during this initial testing phase have been recognized as revenue for the quarter.

Director Appointments​

The Board of Directors approved two key appointments based on recommendations from the Nomination and Remuneration Committee.

Re-appointment of Mr. Prem Singh Sawhney:
Mr. Prem Singh Sawhney was re-appointed as Executive Director for a period of three consecutive years, effective from February 20, 2027. He is not related to any current directors and is qualified under Section 164 of the Companies Act 2013. Mr. Sawhney holds a B.Tech in Chemical Engineering from NIT Warangal and an M.Tech from IIT Mumbai, bringing over 42 years of broad-based experience in conventional and unconventional hydrocarbon exploration and production businesses.

Re-appointment of Mrs. Shaily Dedhia:
Mrs. Shaily Dedhia was approved for the second term as an Independent Director. Her term began on June 27, 2027, extending to June 26, 2032. Mrs. Dedhia is a qualified Company Secretary who holds both Bachelor and Master degrees in Commerce & Law from Mumbai University, with over 17 years of experience across legal and secretarial matters for organizations like the MMRDA (Mumbai Metropolitan Region Development Authority).

Future Capital Raising Plan​

Prabha Energy has plans to raise funds through Qualified Institutional Placements (QIP). The company is proposing to issue equity shares, having a face value of ₹1/- each. This placement is intended to generate up to an aggregate amount not exceeding ₹150 Crores, subject to necessary approvals and shareholder consent.

PRABHA Stock Price Movement​

Prabha Energy Limited closed today with a solid gain of 1.46%, as the stock settled at ₹144.18 after trading up by ₹2.08 from the previous close. The shares saw an intraday range between ₹140 and ₹144.85, supported by 14,959 shares traded during the session.