Prabha Energy Allots 95.14 Lakh Fully Paid Shares Post Call Money Realization
Prabha Energy Limited's Rights Issue Committee approved the conversion of 95.14 lakh partly paid-up shares into fully paid-up equity shares on August 24, 2026. These shares were allotted at an issue price of ₹144 each, following the realization of outstanding call money.
The allotment of a significant number of fully paid-up shares strengthens the company's equity base and financial standing, which can have a medium-term impact on its operations and market perception.
The company successfully realized call money and converted partly paid-up shares into fully paid-up shares, indicating a positive step in its fundraising efforts.
Prabha Energy Limited has announced the outcome of its Rights Issue Committee meeting held on August 24, 2026. Following the payment of outstanding First Call Money and Second and Final Call Money on partly paid-up equity shares, the committee has approved the conversion of these shares into fully paid-up equity shares.
Specifically, 8,795,395 shares, which were 67% partly paid-up (₹0.67 towards face value and ₹95.81 towards securities premium), have been converted into fully paid-up equity shares of face value ₹1 each. The issue price for these shares is ₹144 per share (₹1 towards face value and ₹143 towards securities premium), after realizing the remaining 33% of the partly paid-up amount.
Additionally, 718,508 shares, which were 34% paid-up (₹0.34 towards face value and ₹48.62 towards securities premium), have also been converted into fully paid-up equity shares of face value ₹1 each at an issue price of ₹144 per share, upon realizing the remaining 67% of the partly paid-up amount.
In total, 9,513,903 fully paid-up equity shares of face value ₹1 each, with an issue price of ₹144 per share, have been allotted. This action is a follow-up to the company's previous intimations dated July 03, 2026, and July 14, 2026, regarding the payment reminders for the call money.
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Prabha Energy Limited filed this with the NSE as a statutory disclosure, categorised under equity fundraising. It is a primary document, not a recommendation, and the desk marks it medium impact: worth reading, rarely worth acting on by itself.
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