Prabha Energy Sells Shares of Material Subsidiary Deep Natural Resources Limited
Prabha Energy completes sale of its material subsidiary Deep Natural Resources Limited after shareholders' approval. The transaction was completed on December 02, 2025.
The sale of a material subsidiary could have a moderate impact on the company's financials and operations.
The announcement is factual and describes the completion of a sale. No positive or negative sentiment is overtly expressed.
* Prabha Energy Limited has completed the sale of its entire investment in its material subsidiary, Deep Natural Resources Limited (DNRL). * The sale was approved by shareholders at the Annual General Meeting held on August 08, 2025. * The transaction was completed on December 02, 2025, after which DNRL ceased to be a subsidiary of Prabha Energy. * DNRL contributed ₹236.92 Lakhs (60.03% on consolidated basis) to Prabha Energy's turnover in FY25, with a net profit of ₹16.63 Lakhs (11.92% on consolidated basis). The net worth of DNRL as of March 31, 2025, was ₹178.73 Lakhs (0.41% on consolidated basis). * Prabha Energy sold 350,000 equity shares of DNRL at a premium of ₹22.25 each. * The buyer was Deep Industries Limited, a related party but not part of the promoter group. * The transaction was conducted at arm's length based on an independent valuation report and was approved by the Audit Committee and Board of Directors on November 23, 2024, and by shareholders on December 31, 2024.The sale of investment was out of Scheme of Arrangement and the Audit Committee of the Company has approved this related party transaction in it’s meeting held on May 13, 2025 and Shareholders of the Company has accorded it’s approval on August 08, 2025.
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Prabha Energy Limited filed this with the NSE as a statutory disclosure, categorised under dividend. 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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