Prabha Energy sets ₹47.52 final call on rights shares

1 min read     Updated on 14 Jul 2026, 06:29 PM
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Reviewed by
Jubin VScanX News Team
AI Summary

Prabha Energy Limited has set a Second and Final Call of ₹47.52 per partly paid-up equity share for its rights issue, with payments due by August 11, 2026. The amount includes ₹0.33 towards face value and ₹47.19 towards premium. Shareholders must pay the total due to avoid forfeiture, with trading of partly paid-up shares suspended from July 08, 2026.

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Prabha Energy Limited has announced the Second and Final Call of ₹47.52 per partly paid-up equity share for its rights issue, with a payment deadline of August 11, 2026. The call amount comprises ₹0.33 towards paid-up value and ₹47.19 towards premium. This notice serves as a reminder for the outstanding First Call and a notice for the Second and Final Call, requiring shareholders to pay the total due amount to prevent the forfeiture of their shares.

The Rights Issue Committee of the Board of Directors approved the record date of July 09, 2026, to determine eligible shareholders. The company had issued partly paid-up shares at an issue price of ₹144.00 each, with ₹48.96 already received as application money. The trading of the partly paid-up shares (ISIN: IN90I0M01022) has been suspended on the stock exchanges from the close of trading hours on July 08, 2026.

Shareholders are required to pay the full amount due, covering both the First Call and the Second and Final Call. Part payments will not be accepted and will be treated as non-payment, rendering the shares liable to forfeiture. The payment can be made through ASBA (online or physical), 3-in-1 accounts, or via cheque/demand draft at designated ICICI Bank branches.

The payment period for the call money is from July 28, 2026, to August 11, 2026. For payments made via ASBA, applications will be uploaded until 5:00 p.m. IST on the last date. Cheques or demand drafts must be drawn in favor of "Prabha Energy Limited-Call Money Resident Account" for resident shareholders and "Prabha Energy Limited-Call Money Non-Resident Account" for non-resident shareholders.

Failure to pay the call money will result in the company deducting the outstanding amount from any future dividends and forfeiting the shares. The fully paid-up shares are expected to be credited under the existing ISIN: INE0I0M01023 and available for trading within three weeks from the last date of payment.

Key Dates and Amounts

Description Date/Amount
Second and Final Call Record Date Thursday, July 09, 2026
Payment Start Date Tuesday, July 28, 2026
Last Date for Payment Tuesday, August 11, 2026
Amount per Share ₹47.52
Trading Suspension Date Wednesday, July 08, 2026

Historical Stock Returns for Prabha Energy

1 Day5 Days1 Month6 Months1 Year5 Years
-0.15%+1.84%-7.64%-8.36%-46.84%-26.75%

How will the suspension of partly paid-up shares and the subsequent conversion to fully paid-up status impact the liquidity and trading volume for Prabha Energy Limited?

What is the expected market reaction to the potential forfeiture of shares from shareholders who fail to meet the payment deadline?

How does the company plan to utilize the capital raised from this call money, and will it influence future expansion or debt reduction strategies?

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

1 min read     Updated on 06 Jul 2026, 10:20 AM
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Reviewed by
Suketu GScanX News Team
AI Summary

Prabha Energy Limited has fixed July 09, 2026, as the record date for the second and final call on its rights issue, requiring a payment of ₹47.52 per share. The Rights Issue Committee approved the date on July 03, 2026, to determine eligible shareholders for the call notice.

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Prabha Energy Limited 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 determine the eligible shareholders of partly paid-up equity shares 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 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. The company also disseminated the information to BSE Limited and National Stock Exchange of India Limited.

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

Further details regarding the Second and Final Call will be included in the call notice, which will be dispatched to eligible shareholders in due course.

Historical Stock Returns for Prabha Energy

1 Day5 Days1 Month6 Months1 Year5 Years
-0.15%+1.84%-7.64%-8.36%-46.84%-26.75%

How will the company utilize the capital raised from this final call, and what impact will it have on its growth trajectory?

What is the expected shareholder subscription rate for the final call, and how might it affect the company's equity structure?

How will the market react to the rights issue completion, and could it influence Prabha Energy's stock price in the short term?

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