Prabha Energy Limited has issued a comprehensive postal ballot notice seeking shareholder approval for critical director appointments and organizational changes. The company has established a structured e-voting process to facilitate remote shareholder participation in key corporate decisions.

E-Voting Schedule and Process

The company has implemented a detailed timeline for the postal ballot process with specific dates for each phase of the voting procedure.

The postal ballot notice will be distributed exclusively through electronic mode to shareholders who have registered their email addresses with their Depository Participants or with MUFG Intime India Private Limited, the company's registrar and share transfer agent.

Proposed Director Appointments

The postal ballot encompasses three significant resolutions related to director appointments and organizational restructuring.

Independent Director Appointment

The first resolution seeks approval for appointing Mrs. Shivangi Digant Shah (DIN: 11200412) as Non-Executive Independent Director. She was initially appointed as Additional Director on November 4, 2025, and the proposed appointment would be for a term of five consecutive years commencing from November 4, 2025.

Mrs. Shah holds a master's degree in business administration from Gujarat University and is an associate member of the Institute of Company Secretaries of India.

Managing Director Appointment and Remuneration

The second and third resolutions address the regularization and re-designation of Mr. Shanil Paras Savla (DIN: 08763065) as Managing Director. He was appointed as Additional Director effective January 1, 2026, and the proposed re-designation would establish him as Managing Director for three years.

The remuneration package includes comprehensive perquisites such as company-provided car and telephone for business use, mobile instrument and bill payments, electricity charges, insurance premium reimbursement, and club fee coverage.

Corporate Governance and Compliance

The postal ballot process adheres to multiple regulatory frameworks including the Companies Act 2013, SEBI Listing Obligations and Disclosure Requirements Regulations 2015, and various MCA and SEBI circulars. The company has appointed Mr. Rajesh Parekh (Membership No. A8073) as the scrutinizer to ensure fair and transparent conduct of the postal ballot process.

Shareholders can access the complete postal ballot notice on the company's website at www.prabhaenergy.com and on MUFG Intime India Private Limited's platform. The e-voting facility provides multiple login methods for different categories of shareholders, including individual shareholders holding securities in demat mode with NSDL or CDSL, and institutional shareholders.

Financial Context and Strategic Direction

According to the company's standalone financial performance for the year ended March 31, 2025, Prabha Energy reported a turnover including other income of ₹203.05 lakhs, with total expenses of ₹428.66 lakhs, resulting in a loss before tax of ₹225.61 lakhs and loss after tax of ₹156.48 lakhs. The company operates in the oil and gas sector with business interests in both conventional and unconventional exploration, production, and trading, maintaining a portfolio of onshore exploration and production assets.

Prabha Energy Limited (PEL) has marked a significant milestone in its operations by commencing commercial production of Coal Bed Methane (CBM) gas from the North Karanpura CBM Block. The company, acting as a joint operator, has initiated gas sales through cascades as an early monetization strategy while work on the gas evacuation pipeline connection continues.

Early Monetization and Future Prospects

PEL has begun selling gas through cascades, a temporary measure to capitalize on production before the completion of permanent infrastructure. This approach allows the company to generate revenue while the gas evacuation pipeline is being constructed. Upon the pipeline's completion, PEL anticipates a potential increase in gas sale volumes, which may boost its market presence and financial performance.

Strategic Positioning in India's Energy Sector

Chairman and Director Prem Singh Sawhney emphasized the significance of this development, stating, "This milestone achievement marks a significant step in the company's journey towards the strategic objective of monetizing our gas reserves." He further highlighted that this move reinforces PEL's commitment to strengthening its position in India's unconventional energy sector and contributing to the country's energy security.

Alignment with Government Initiatives

PEL's commencement of CBM gas production aligns with the Central Government's plan to increase CBM gas production to 5.0 MMSCMD (Million Metric Standard Cubic Meters per Day) by FY2027-28. This strategic alignment may position PEL to play a role in the CBM segment, potentially capturing a share of the growing market.

Company Background and Future Outlook

Prabha Energy Limited, incorporated in 2009, has established itself as a player in the exploration and production sector, with interests spanning CBM, Marginal Gas Fields, and NELP blocks in India. The company's portfolio encompasses both conventional and unconventional hydrocarbon assets, reflecting its commitment to unlocking India's energy resources.

As India aims to increase the share of natural gas in its primary energy mix from the current 6-7% to 15% by 2030, PEL's focus on CBM production may position it to capitalize on this growing market. The company's efforts align with broader national goals of expanding city gas distribution networks, encouraging private sector participation, and promoting clean fuels.

With the commencement of commercial CBM gas production at the North Karanpura block, Prabha Energy Limited has taken a step towards realizing its potential in India's evolving energy landscape. As the company continues to develop its assets and expand production, it may play a role in meeting India's growing energy demands and supporting the transition to cleaner fuel sources.