Prabha Energy Limited Approves Conversion of Partly Paid-Up Equity Shares Following Rights Issue
The Right Issue Committee of the Board of Directors at Prabha Energy Limited has approved the conversion of partly paid up equity shares related to the ongoing rights issue. The approval followed the receipt of the First Call Money on these shares, as determined by the company's board meeting held on June 12, 2026.The committee approved the status change for 88,97,316 partly paid up equity shares with a face value of Rs. 1 each. These conversion details relate to the completion of the First Call payment stage of the company's rights issue.
Prior to the update, these shares were recorded as 34% paid up. The newly approved status reflects that the shares are now 67% paid up following the realization of the requisite payments.
The financial structure and details of the shares before and after the approval are presented in the table below:
| Share Characteristic | Original Status (34% Paid Up) | New Status (67% Paid Up) |
|---|---|---|
| Shares Quantity | 88,97,316 | 88,97,316 |
| Face Value per Share | Rs. 1 each | Rs. 1 each |
| Percentage Paid Up | 34% | 67% |
| Amount of Face Value Represented | Rs. 0.34 | Rs. 0.67 |
| Premium Received | Rs. 48.62 | Rs. 95.81 |
PRABHA Stock Price Movement
Today, Prabha Energy Limited shares edged higher to close at ₹160.71, gaining 1.37% in post-market trading. The stock saw moderate activity as 11,657 shares were traded during the session.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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