Prabha Energy Limited has published newspaper advertisements on March 14, 2026, in compliance with Regulation 84(1) of the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirement) Regulations, 2018. The advertisements relate to the company's ongoing Rights Issue of equity shares and were published following earlier intimations dated February 24, 2026, and March 05, 2026.

Publication Details

The company published the Rights Issue advertisements in three major publications to ensure comprehensive coverage across different linguistic and geographic segments:

The Gujarati edition specifically targets the regional market where the company's registered office is located in Ahmedabad, Gujarat.

Rights Issue Overview

Prabha Energy Limited is conducting a Rights Issue of up to 96,67,258 partly paid-up equity shares with a face value of ₹ 1/- each. The key parameters of the issue include:

Issue Timeline and Application Process

The Rights Issue follows a structured timeline with specific dates for different activities:

The company has implemented a partly paid-up structure with specific payment schedules. On application, shareholders need to pay ₹ 48.96 per share, constituting 34% of the issue price. The remaining amount of ₹ 95.04 will be collected through two separate calls.

Payment Schedule Details

The Rights Issue features a structured payment mechanism designed to ease the financial burden on shareholders:

Regulatory Compliance and Listing

The Rights Issue is being conducted exclusively for public shareholders to meet Minimum Public Shareholding (MPS) compliance as per SEBI circular dated February 03, 2023. The promoters, Mr. Paras Shantilal Savla and Mr. Rupesh Kantilal Savla, will forgo their entitlement to equity shares from this issue.

Prabha Energy Limited's existing equity shares are listed on both BSE Limited and National Stock Exchange of India Limited. The company has received in-principle approvals from both exchanges dated March 02, 2026, for listing the Rights Equity Shares. The National Stock Exchange serves as the Designated Stock Exchange for this issue.

Application and Documentation

All applications must be made through the Application Supported by Blocked Amount (ASBA) process as mandated by SEBI regulations. Rights Entitlements have been credited to eligible shareholders' demat accounts under ISIN: INE010M20015 on March 12, 2026. The issue materials, including the Letter of Offer and Application Forms, were dispatched to eligible equity shareholders on March 13, 2026, through electronic and physical means based on their registered contact preferences.

Prabha Energy Limited has announced the outcome of its Rights Issue Committee meeting held on March 05, 2026, setting key terms for its upcoming rights issue under Regulation 30 of SEBI (Listing Obligation and Disclosure Requirements) Regulation, 2015. The committee meeting, which commenced at 02:30 pm and concluded at 03:00 pm, established March 11, 2026 as the record date for determining eligible shareholders for the rights offering.

Rights Issue Structure and Pricing

The company plans to issue partly paid-up equity shares with a face value of ₹1 each through this rights offering. The detailed structure of the issue is as follows:

The rights entitlement ratio means eligible shareholders will receive 5 rights equity shares for every 14 fully paid-up equity shares held as on the record date.

Share Capital Impact

The rights issue will significantly impact the company's equity structure upon completion:

These post-issue figures assume full subscription and payment of all call monies related to the rights equity shares.

Regulatory Compliance and Promoter Participation

In compliance with SEBI circular SEBI/HO/CFD/PoD2/P/CIR/2023/18 dated February 03, 2023, regarding minimum public shareholding requirements, the promoter and promoter group have confirmed they will forgo their entitlement to equity shares from this rights issue. This strategic decision aims to achieve compliance with minimum public shareholding norms mandated under Rule 19(2)(b) and 19A of the Securities Contracts (Regulation) Rules, 1957.

Implementation Timeline and Process

The Rights Issue Committee has adopted and approved the Letter of Offer and other issue-related materials for filing with BSE Limited, National Stock Exchange of India Limited, and SEBI. The rights entitlements for eligible equity shareholders will be credited to their respective demat accounts under ISIN INE0I0M20015 prior to the issue opening date.

The company has filed the outcome with both BSE Limited and National Stock Exchange of India Limited under regulatory compliance requirements, with reference to earlier intimation letters dated February 24, 2026 and February 27, 2026.

Next Steps

The company will dispatch the Letter of Offer and related materials to eligible equity shareholders as on the record date in due course, following all applicable laws and regulations. Complete details of the rights issue, including terms for fractional entitlements and zero entitlements, will be included in the comprehensive Letter of Offer to be filed by the company. Additional information is available on the company's website at www.prabhaenergy.com .