Prabha Energy Sets Record Date for Final Call in Rights Issue
Prabha Energy Limited announced the fixation of a specific Record Date related to its ongoing rights issue, setting the stage for the second and final call notice concerning eligible shareholders. The decision was made by the Company's Rights Issue Committee during a meeting held on July 03, 2026.The company previously had approved and subsequently allotted 96,67,258 partly paid-up equity shares of face value ₹1 to eligible shareholders and/or renouncees, with this allotment being intimated on April 07, 2026.
The Rights Issue Committee further approved Thursday, July 09, 2026, as the Record Date for determining the eligible shareholders who are due to receive the notice for the second and final call payment. This payment concerns the partly paid-up equity shares of face value ₹1.
The subsequent payment requires a contribution of ₹47.52 per Rights Equity Share. These funds are allocated between the face value and premium component, representing 33% of the total Issue Price of ₹144.00.
Key financial details regarding the second and final call were confirmed as follows:
| Detail | Amount |
|---|---|
| Second and Final Call Payment | ₹47.52 per Rights Equity Share |
| Allocation to Face Value | ₹0.33 |
| Allocation to Premium | ₹47.19 |
| Total Issue Price | ₹144.00 |
PRABHA Stock Price Movement
As of 11:48 AM, shares of Prabha Energy Limited are shedding value by 2.00%, currently trading at ₹148.19 as the stock digests heavy intraday volume totaling 79,106 shares. The equity remains in focus amidst its current range, maintaining strength above the intraday low of ₹144.51.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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