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 .

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.