Prabha Energy Limited (PRABHA) — Board Meeting
📢 Key Event
Rights Issue Committee approved conversion of 8,897,316 shares
🔄 What Changed
Conversion increased share payment from 34% to 67% paid up
💡 Investor Takeaway
Shareholders will see diluted equity after conversion
Prabha Energy Limited announced the Rights Issue Committee approved converting 8,897,316 partly paid shares (34% paid up) into shares 67% paid up at a premium of Rs 95.81 per share, following receipt of first call money on June 12, 2026.
About Prabha Energy Limited (PRABHA)
Oil Gas & Consumable Fuels · Oil · Listed on NSE
Market Cap: ₹2,315.89 Cr
Source: Stock Announcements. Analysis by StockFin.ai. For informational purposes only — not investment advice.