Prabha Energy Limited has announced a Rights Issue Committee meeting scheduled for February 27, 2026, to consider and approve the terms and conditions of an upcoming rights issue. The company has formally notified both the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE) about this important corporate development.

Meeting Details and Regulatory Compliance

The Rights Issue Committee meeting has been convened in accordance with Regulation 29(1)(d) and other applicable provisions of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The meeting notification was issued on February 24, 2026, providing the mandatory advance notice to stock exchanges and investors.

Key Agenda Items

The committee will deliberate on several critical aspects of the proposed rights issue:

Regulatory Approvals and Conditions

The company has emphasized that all decisions made during the committee meeting will be subject to receiving in-principle approval from stock exchanges and other regulatory authorities as may be required. This conditional approach ensures compliance with all necessary regulatory frameworks before proceeding with the rights issue.

Corporate Communication

The meeting intimation has been duly uploaded on the company's official website at www.prabhaenergy.com , ensuring transparency and accessibility for all stakeholders. Company Secretary and Compliance Officer Nikita Agarwalla (M.No.: A69933) has signed the official communication, which was digitally executed on February 24, 2026.

Market Implications

This rights issue committee meeting represents a significant step in Prabha Energy Limited's capital raising initiative. The determination of key parameters such as issue price and entitlement ratio will directly impact existing shareholders' participation decisions and the overall success of the fundraising exercise.

Prabha Energy Limited's Rights Issue Committee has approved the Draft Letter of Offer for a significant equity fundraising initiative. The committee meeting, held on February 17, 2025, marked a crucial step in the company's capital raising process.

Rights Issue Details

The committee approved the Draft Letter of Offer for the issuance of partly paid-up equity shares to eligible shareholders. The rights issue structure and key parameters are outlined below:

Regulatory Compliance and Next Steps

The approved Draft Letter of Offer will be submitted to both BSE Limited and National Stock Exchange of India Limited for obtaining in-principle approvals. This submission represents a mandatory step in the rights issue process under SEBI regulations.

The company has fulfilled its disclosure obligations under Regulation 30 of SEBI (Listing Obligation and Disclosure Requirements) Regulation, 2015, by informing the stock exchanges about the committee's decision.

Meeting Timeline and Background

The Rights Issue Committee meeting was conducted efficiently, commencing at 11:00 a.m. and concluding at 12:00 p.m. on February 17, 2025. This committee meeting follows the Board of Directors' meeting held on December 26, 2025, which initially considered the rights issue proposal.

The company has made the relevant details available on its official website at www.prabhaenergy.com , ensuring transparency for stakeholders and investors. Company Secretary and Compliance Officer Nikita Agarwalla signed the regulatory filing, confirming the committee's decisions and maintaining proper corporate governance protocols.