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.

Prabha Energy Limited has successfully completed its postal ballot process through remote e-voting, with shareholders approving significant board changes and management appointments. The voting process, conducted from January 01, 2026 to January 30, 2026, saw substantial participation from the company's shareholder base.

Voting Process and Participation

The postal ballot was conducted in accordance with Section 110 of the Companies Act, 2013, with the notice dated December 26, 2025. The company recorded strong shareholder engagement with detailed participation across different categories.

Approved Resolutions

All three resolutions presented to shareholders received overwhelming approval, demonstrating strong confidence in the proposed changes.

Detailed Voting Results

The voting results across all three resolutions showed remarkable consistency in shareholder support. For the appointment of Mrs. Shivangi Digant Shah (DIN: 11200412) as non-executive independent director, 121,230,884 votes were cast in favor with only 27 votes against, representing 100.00% approval of valid votes cast.

Similarly, the regularization of Mr. Shanil Paras Savla (DIN: 08763065) as director received 121,229,931 votes in favor against 27 opposing votes. His subsequent re-designation as managing director garnered 121,229,932 supporting votes with the same minimal opposition of 27 votes.

Shareholder Category Participation

The voting pattern revealed strong support from the promoter and promoter group, who hold 109,837,209 shares and participated with over 98% of their holdings. Public non-institutional shareholders, holding 26,448,765 shares, showed 50.18% participation with 13,272,814 votes polled.

Scrutinizer Report and Compliance

The postal ballot process was overseen by Rajesh Parekh, Practicing Company Secretary, who served as the appointed scrutinizer. The e-voting results were unblocked on January 31, 2026, in the presence of independent witnesses Ms. Aishwarya Parekh and Mr. Jay Surti. The process was conducted through MUFG Intime India Private Limited's platform, ensuring transparency and compliance with regulatory requirements.

The company has fulfilled all disclosure obligations under Regulation 30 and 44(3) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, with detailed reports available on both the company website and the registrar's portal.