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.

Prabha Energy Limited has announced its unaudited financial results for the quarter and nine months ended December 31, 2025, showcasing a remarkable financial turnaround. The oil and gas exploration company's Board of Directors approved these results during their meeting held on February 10, 2026.

Strong Quarterly Performance

The company delivered impressive standalone results for Q3FY26, marking a significant improvement across key financial metrics:

The substantial increase in revenue from operations reflects the company's enhanced operational capabilities in the oil and gas sector. Other income also witnessed a remarkable surge to ₹119.39 lakhs in Q3FY26 compared to ₹1.65 lakhs in the corresponding quarter of the previous year.

Nine-Month Performance Analysis

For the nine months ended December 31, 2025, Prabha Energy maintained its positive trajectory with consolidated performance showing strong growth:

The nine-month results demonstrate the company's ability to sustain profitability and operational efficiency throughout the period.

Strategic Divestment Transaction

During Q3FY26, Prabha Energy completed a significant strategic transaction by divesting its stake in Deep Natural Resources Limited. The company sold 3,50,000 equity shares representing 70% of Deep Natural Resources Limited's equity share capital to Deep Industries Limited. Each share with a face value of ₹1 was sold at a premium of ₹31.25 per share, resulting in the cessation of control over the subsidiary with effect from November 30, 2025.

Operational Highlights

The company continues its focus on oil and gas exploration and production activities, particularly at the NK block where testing operations are ongoing. In accordance with Ind AS 106 and ICAI Guidance Note on Accounting for Oil and Gas Producing Activities, expenditure incurred on wells under testing has been capitalised, with depletion to commence once reserves are established and approved as proved and developed. Sales generated during the testing phase have been recognised as revenue in the current period.

Regulatory Compliance and Outlook

The financial results have been prepared in accordance with Indian Accounting Standards and reviewed by statutory auditors Mahendra N. Shah & Co. The company operates in a single business segment of oil and gas exploration and production, maintaining compliance with all regulatory requirements under SEBI listing obligations.