Prabha Energy Limited Completes Postal Ballot with Board Appointments and Management Changes

2 min read | Published on 02 Feb 2026, 09:04 PM |Updated on 02 Feb 2026, 09:04 PM

Reviewed by

Riya DScanX News Team

Key Highlights

Prabha Energy Limited successfully completed its postal ballot process with 88.55% shareholder participation, approving three key resolutions including the appointment of Mrs. Shivangi Digant Shah as independent director and management changes for Mr. Shanil Paras Savla. The voting demonstrated overwhelming shareholder support with over 99.99% approval across all resolutions, reflecting strong confidence in the proposed board and management structure changes.

*this image is generated using AI for illustrative purposes only.

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.

Parameter:	Details
Record Date:	December 26, 2025
Total Shareholders:	13,665
Voting Period:	January 01-30, 2026
Overall Participation:	88.55%
Resolutions Approved:	3 of 3

Approved Resolutions

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

Resolution:	Type	Status
Appointment of Mrs. Shivangi Digant Shah as Independent Director:	Special Resolution	Approved
Regularization of Mr. Shanil Paras Savla as Director:	Ordinary Resolution	Approved
Re-designation of Mr. Shanil Paras Savla as Managing Director:	Special Resolution	Approved

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.

Category:	Shares Held	Votes Polled	Participation (%)
Promoter Group:	109,837,209	107,957,144	98.29%
Public Institutions:	619,557	0	0.00%
Public Non-Institutions:	26,448,765	13,272,814	50.18%

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.

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