Prabha Energy
152.85
-2.31(-1.49%)
Market Cap₹2,092.60 Cr
PE Ratio-5,160.00
IndustryOil & Gas
Company Performance:
1D-1.49%
1M-4.67%
6M-34.40%
1Y-27.54%
5Y-27.54%
View Company Insightsright
More news about Prabha Energy
02Feb 26
Prabha Energy Limited Completes Postal Ballot with Board Appointments and Management Changes
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.
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05Jan 26
Prabha Energy MD Shail Savla Resigns; ₹1,900 Crore Rights Issue Approved
Prabha Energy Limited has formalized the resignation of Managing Director Shail Manoj Savla effective December 31, 2025, due to personal reasons, while appointing Shanil Paras Savla as the new Managing Director from January 1, 2026. The board also approved a rights issue of up to ₹1,900 crores and established necessary committees and authorizations for the fundraising process.
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30Dec 25
Prabha Energy Limited Announces Postal Ballot for Director Appointments and E-Voting Process
Prabha Energy Limited has announced a postal ballot for shareholder approval on key director appointments, including Mrs. Shivangi Digant Shah as Independent Director and Mr. Shanil Paras Savla as Managing Director with a remuneration package of up to ₹6,00,000 monthly salary. The e-voting process runs from January 1-30, 2026, with cut-off date December 26, 2025. The company reported a loss after tax of ₹156.48 lakhs for FY2025 while operating in oil and gas exploration and production.
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05Nov 25
Prabha Energy Limited Kicks Off Commercial CBM Gas Production at North Karanpura Block
Prabha Energy Limited (PEL) has started commercial production of Coal Bed Methane (CBM) gas from the North Karanpura CBM Block. The company is currently selling gas through cascades as an early monetization strategy while awaiting the completion of a gas evacuation pipeline. This move aligns with the Central Government's plan to increase CBM gas production and positions PEL to potentially capture a share of the growing market. Chairman Prem Singh Sawhney emphasized this as a significant step towards monetizing gas reserves and strengthening PEL's position in India's unconventional energy sector.
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04Nov 25
Prabha Energy Reports Q2 FY26 Results, Appoints New Independent Director
Prabha Energy Limited announced Q2 FY26 results with revenue from operations increasing 83% year-on-year to ₹177.28 crore. However, net loss widened to ₹18.78 crore from ₹6.85 crore in Q2 FY25. The company has begun commercial production of CBM Gas from North Karanpura CBM Block. Mrs. Shivangi Digant Shah has been appointed as Additional Non-Executive Independent Director for a 5-year term. Prabha Energy aims to capitalize on India's goal to increase natural gas share in its energy mix to 15% by 2030.
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22Jul 25
Prabha Energy Completes Distribution of Fractional Share Proceeds from Merger Scheme
Prabha Energy Limited has finalized the distribution of proceeds from fractional shares resulting from its recent composite scheme of arrangement. The scheme, effective from September 22, 2024, involved the amalgamation of Deep Energy Resources Limited and Savla Oil and Gas Private Limited. 11,358 eligible shareholders received proceeds from 6,024 fractional equity shares sold on May 16, 2025, at an average price of INR 196.11 per share. The net proceeds of INR 11,68,018.53 were distributed on July 16, 2025, after deducting expenses. The distribution process adhered to SEBI regulations and was certified by the company's Audit Committee and Independent Directors.
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Prabha Energy
152.85
-2.31
(-1.49%)
1 Year Returns:-27.54%
Industry Peers
Oil India
470.55
(-1.83%)
Prabha Energy
152.85
(-1.49%)