Prabha Energy Notifies First and Second Final Call for Rights Issue on Partly Paid-up Equity Shares

Prabha Energy Notifies First and Second Final Call for Rights Issue on Partly Paid-up Equity Shares​

Prabha Energy Limited has issued a Reminder Cum Second and Final Call Notice to shareholders holding partly paid-up equity shares from its rights issue. The company has stipulated the payment details for both calls, setting August 11, 2026, as the final deadline for the dues.

The rights issue was launched following a Letter of Offer dated March 05, 2026, where eligible shareholders were allotted partly paid-up Equity Shares at an Issue Price of ₹144.00 per share. The company had previously received application money totaling ₹48.96 per partly paid-up equity share (comprising ₹0.34 towards paid-up value and ₹48.62 towards premium), with the allotment taking place on Tuesday, April 07, 2026.

The Rights Issue Committee of the Board of Directors subsequently approved two key payment stages for the shareholders. The First Call was fixed following a board meeting held on May 04, 2026, and required shareholders to pay the outstanding balance. More recently, the company’s Board decided on the Second and Final Call, which is now due from eligible holders.

The notices were sent to members whose names appeared in the Register of Members as of July 09, 2026, designated as the Second and Final Call Record Date.

Payment Details for Rights Equity Shares​

The required payments are detailed below:

Deadline and Consequences of Non-payment​

The combined payment period for the First and Second and Final Call is from Tuesday, July 28, 2026, until Tuesday, August 11, 2026. This final deadline applies to all outstanding calls related to the issue.

The company has cautioned that this is the ultimate call regarding the shares. Shares upon which the call money remains unpaid will be liable to be forfeited in accordance with the Companies Act, 2013, and the Articles of Association of Prabha Energy Limited. Shareholders failing to make payment are also informed that the company shall be entitled to deduct all outstanding sums on account of calls from any future dividend payable.

Operational updates concerning the stock listing indicated that trading of partly paid-up equity shares (ISIN: IN90I0M01022) was suspended on the Stock Exchanges with effect from close of trading hours on Wednesday, July 08, 2026, due to the Second and Final Call. The company estimates that these shares will be available for trading within three weeks of the payment deadline, i.e., August 11, 2026.

PRABHA Stock Price Movement​

Shares of Prabha Energy Limited are edging higher to ₹150.51 as of 12:26 PM, gaining 0.03% in live trading. Trading volume currently stands at 3,043 shares while the stock navigates its intraday movements.