Prabha Energy Limited (PEL), a leading player in India's oil and gas exploration and production sector, has announced its unaudited financial results for the second quarter and half-year ended September 30, 2025, along with a key board appointment.

Financial Performance

For the quarter ended September 30, 2025, Prabha Energy reported:

The company's revenue from operations saw a significant year-on-year increase of 83% in Q2 FY26. However, the net loss widened to ₹18.78 crore compared to ₹6.85 crore in the same quarter of the previous year.

Operational Highlights

PEL's Chairman and Director, Mr. Prem Singh Sawhney, highlighted the company's progress in Coal Bed Methane (CBM) gas production. He stated, "We have successfully commenced commercial production of CBM Gas as joint operator from North Karanpura CBM Block earlier in this financial year. Since connecting gas evacuation pipeline work is going on, as a measure for early monetization we had begun gas sale through cascades."

New Board Appointment

The Board of Directors has appointed Mrs. Shivangi Digant Shah as an Additional Non-Executive Independent Director. Key details of the appointment include:

• Term: 5 years from November 4, 2025, to November 3, 2030, subject to shareholder approval
• Qualifications: Master's degree in Business Administration from Gujarat University; Associate Member of the Institute of Company Secretaries of India
• Experience: Over seven years in the secretarial and compliance sector
• Current Role: Company Secretary and Compliance Officer of Rajgor Proteins Limited

Future Outlook

Prabha Energy is strategically positioned to play a leading role in India's CBM gas production sector. The company aligns with the Central Government's plan to increase CBM gas production to 5.0 MMSCMD by FY 2027-28.

Mr. Sawhney added, "On completion of connecting gas evacuation pipeline, the gas sale volumes are expected to increase significantly. This commercial production represents Company's commitment to strengthening its position in India's unconventional sector and contributing to the country's energy security."

As India aims to increase the share of natural gas in its primary energy mix from the current 6-7% to 15% by 2030, Prabha Energy's focus on CBM and other unconventional hydrocarbons positions it well to capitalize on this growing market.

Investors and stakeholders will be watching closely to see how the company's recent operational developments translate into financial performance in the coming quarters.

Prabha Energy Limited has successfully concluded the distribution of proceeds from fractional shares resulting from its recent composite scheme of arrangement. The scheme, which involved the amalgamation of Deep Energy Resources Limited and Savla Oil and Gas Private Limited with Prabha Energy Limited, became effective on September 22, 2024.

Key Details of the Distribution

Note: Net proceeds are after deducting expenses of INR 13,316.70

Scheme Implementation

The composite scheme of arrangement, sanctioned by the National Company Law Tribunal, Ahmedabad Bench, led to the following share exchange ratios:

1. For Deep Energy Resources Limited (Transferor Company 1):
   • 11 fully paid-up equity shares of Prabha Energy for every 8 equity shares held
2. For Savla Oil and Gas Private Limited (Transferor Company 2):
   • 71 fully paid-up equity shares of Prabha Energy for every 5 equity shares held

Compliance and Certification

In accordance with SEBI regulations, Prabha Energy's Audit Committee and Independent Directors have certified that the proceeds were distributed proportionally to shareholders' fractional entitlements. The distribution process adhered to the guidelines set forth in the SEBI Master Circular and Clause 5.5 of the Scheme.

Management of Fractional Entitlements

The fractional shares were initially allotted to a joint demat account held by company directors Shail Manoj Savla and Vishal G Palkhiwala in trust for the eligible shareholders. Following the sale of these shares, the proceeds were transferred to a dedicated bank account before final distribution to the shareholders.

This distribution marks the completion of a significant milestone in Prabha Energy's corporate restructuring process, ensuring fair treatment of all shareholders affected by the fractional share allocations resulting from the merger scheme.