Prabha Energy Approves Allotment of 96.67 Lakh Partly Paid Shares at ₹144 Each
Prabha Energy Limited's Rights Issue Committee approved the allotment of 96,67,258 partly paid-up equity shares at ₹144 each. ₹48.96 per share is paid on application, with the balance payable in two future calls. The company's paid-up capital has been updated to reflect this allotment.
The rights issue involves a significant number of shares and a substantial issue price, which will impact the company's capital structure and potentially its financial ratios. The successful allotment indicates positive investor confidence.
The company has successfully completed a rights issue allotment, which is generally a positive development for fundraising and capital structure.
Prabha Energy Limited has announced the outcome of its Rights Issue Committee Meeting held on April 07, 2026. The committee considered and approved the allotment of 96,67,258 Partly Paid-up Equity Shares of face value ₹1 each, at an issue price of ₹144 per share. This includes a premium of ₹143 per share.
Of the issue price, ₹48.96 per Equity Share (including a premium of ₹48.62) has been paid on application. The balance amount shall be payable on subsequent two calls, to be determined by the Board or Rights Issue Committee at their discretion.
Consequent to this allotment, the company's paid-up equity share capital has been modified. The number of fully paid-up Equity Shares of ₹1 each is now 13,69,05,531, amounting to ₹13,69,05,531. The number of partly paid-up Equity Shares of ₹1 each is 96,67,258, amounting to ₹96,67,258.
The Rights Issue Committee Meeting commenced at 08:10 pm and concluded at 08:30 pm on April 07, 2026. The details of the allotment will also be available on the company's website, www.prabhaenergy.com.
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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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