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.