Prabha Energy Limited — Board Meeting, 13-05-2025: Outcome of Board Meeting

Prabha Energy has announced a board meeting on May 13, 2025, approving the consolidated financial results for the quarter and financial year ending March 31, 2025, reporting a consolidated net loss amid challenges post its reverse merger with Deep Energy Resource Ltd and Savla Oil & Gas Pvt Ltd. The board approved selling 70% stake in Deep Natural Resources Ltd, which will stop being its subsidiary. Mr. Narayanan Sadanandan joins as an additional Independent Director with 40 years of banking and fund management experience. Key auditors and Mr. Vishal Palkhiwala were re-appointed to their roles.