Prabha Energy fixes record date for second and final call on rights issue

1 min read     Updated on 03 Jul 2026, 12:19 PM
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Reviewed by
Suketu GScanX News Team
AI Summary

Prabha Energy has fixed July 09, 2026, as the record date for the second and final call on its rights issue of partly paid-up equity shares. The Rights Issue Committee approved the payment of ₹47.52 per share, comprising face value and premium, representing 33% of the total issue price.

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Prabha Energy has fixed Thursday, July 09, 2026, as the record date for the second and final call on its previously announced rights issue. The Rights Issue Committee of the Board of Directors approved the date during a meeting held on Friday, July 03, 2026. This record date will be used to ascertain eligible shareholders of partly paid-up equity shares who are entitled to receive the call notice.

The company had previously approved the allotment of 96,67,258 partly paid-up equity shares with a face value of ₹1 each on a rights basis. The second and final call requires a payment of ₹47.52 per Rights Equity Share. This amount is broken down into ₹0.33 towards face value and ₹47.19 towards premium, constituting 33% of the total issue price of ₹144.00.

The Rights Issue Committee meeting commenced at 11:00 a.m. and concluded at 11:30 a.m. on July 03, 2026. The intimation regarding the record date and the outcome of the meeting was submitted in compliance with Regulation 30 and 42 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Rights Issue Details

The following table outlines the financial structure of the second and final call:

Component Amount (₹)
Total Call Amount 47.52
Face Value 0.33
Premium 47.19
Total Issue Price 144.00

The company had initially intimated the terms of the issue and the subsequent allotment of shares to eligible shareholders and renouncees in communications dated March 05, 2026, and April 07, 2026, respectively.

Historical Stock Returns for Prabha Energy

1 Day5 Days1 Month6 Months1 Year5 Years
-2.25%-3.64%-6.35%-17.19%-48.50%-29.93%

How will the company utilize the capital raised from the final call amount of approximately ₹45.9 crore?

What is the expected shareholder subscription rate for the final call given the high premium component?

Will the successful completion of this rights issue trigger any revisions in Prabha Energy's credit ratings?

Prabha Energy promoter shares remain unencumbered in FY26

1 min read     Updated on 23 Jun 2026, 12:36 AM
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Reviewed by
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Paras Shantilal Savla disclosed that the promoter group of Prabha Energy holds 80.23% of the company's equity shares, totaling 10,98,37,209 shares, and confirmed that these holdings were not encumbered during the financial year ended March 31, 2026. The filing, submitted to BSE and NSE, complies with SEBI regulations regarding the disclosure of shareholding status. The promoter group includes individual promoters and family trusts.

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Paras Shantilal Savla, on behalf of the promoter and promoter group of prabha energy , has confirmed that the collective shareholding in the company remains free of any encumbrance for the financial year ended March 31, 2026. The disclosure confirms that the group, which holds a significant majority stake, has not pledged or created any charge on its shares during this period, ensuring the shares are not subject to any security interest.

The declaration, submitted to BSE Limited and National Stock Exchange of India Ltd., states that the promoter group collectively holds 10,98,37,209 equity shares, accounting for 80.23% of the total share capital of Prabha Energy Limited as on March 31, 2026. This filing is mandatory under Regulation 31(4) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, which requires promoters to disclose the status of their shareholdings annually.

Promoter and Group Details

The disclosure identifies Paras Shantilal Savla as the declarant, acting on behalf of the promoter, promoter group, and persons acting in concert. The list of entities included in this declaration encompasses both individual promoters and various family trusts associated with the Savla family.

S.I Name of Promoters Promoter/Promoter Group/PAC
1 Rupesh Kantilal Savla Promoter
2 Paras Shantilal Savla Promoter
3 Rupesh Savla Family Trust Promoter Group
4 Shantilal Savla Family Trust Promoter Group
5 Horn Ok Financial Services Private Limited Promoter Group
6 Priti Paras Savla Promoter Group
7 Shail M Savla Promoter Group
8 Mita Manoj Savla Promoter Group
9 Sheetal Rupesh Savla Promoter Group
10 Manoj Shantilal Savla Promoter Group
11 Aarav Rupesh Savla Promoter Group
12 Shanil Paras Savla Promoter Group
13 Vidhi Shail Savla Promoter Group

The document was digitally signed by Paras Shantilal Savla on April 06, 2026, and addressed to the Corporate Relations Departments of both major stock exchanges. Copies of the disclosure were also forwarded to the Audit Committee and the Company Secretary & Compliance Officer of Prabha Energy Limited for their records.

Historical Stock Returns for Prabha Energy

1 Day5 Days1 Month6 Months1 Year5 Years
-2.25%-3.64%-6.35%-17.19%-48.50%-29.93%

How might the unencumbered status of the promoter's 80% stake influence Prabha Energy's ability to raise future debt capital?

Does this clean shareholding structure suggest the promoters are preparing for potential strategic acquisitions or mergers?

What impact will this strong promoter confidence have on institutional investor sentiment regarding the stock?

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1 Year Returns:-48.50%