Prabha Energy Ltd Approves Allotment of Rights Issue Shares
Prabha Energy Ltd announced the allotment of 96,67,258 Partly Paid-up Equity Shares on a Rights Basis. The approval came from the Company's Rights Issue Committee at its meeting held on April 07, 2026.The allotment pertains to the Rights Issue, which was governed by the Letter of Offer dated March 05, 2026. Following the Basis of Allotment, which was finalized in consultation with the Registrar to the Issue and approved by the National Stock Exchange of India Limited (NSE), the committee approved the allotment to Eligible Equity Shareholders.
The details of the allotment include the issuance of 96,67,258 Partly Paid-up Equity Shares, each having a face value of Rs. 1/each. The issue price was set at Rs. 144/- per Rights Equity Share. This total amount includes a premium of Rs. 143/- per Rights Equity Share. To date, an amount of Rs. 48.96/per Equity Share, which incorporates a premium of Rs. 48.62/- per Equity Share, has been paid on application, constituting the 'Allotment'. The remaining balance amount will be payable at a time to be determined by the Board or the Rights Issue Committee at its sole discretion.
The Paid-up Equity Share Capital of Prabha Energy Ltd has been modified subsequent to this allotment. The updated capital structure is detailed as follows:
| Particulars | Number of shares | Face Value | Amount in Rs. |
|---|---|---|---|
| Equity Share of Re. 1/- each (Fully paid- up) | 13,69,05,531 | 1 | 13,69,05,531 |
| Equity Share of Re. 1/- each (Partly paid-up) | 96,67,258 | 1 | 96,67,258 |
The Rights issue committee meeting commenced at 08:10 pm and concluded at 08:30 pm.
PRABHA Stock Price Movement
Today, Prabha Energy Limited shares edged higher to close at ₹165.69, marking a 3.51% gain for the day. The stock settled on positive momentum, supported by a total traded volume of 257,428 shares.Source:
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