Prabha Energy Limited — Others, 13-05-2025: Appointment

Prabha Energy has announced a board meeting approving the financial results for the quarter and half-year, accompanied by an unqualified audit report. The company re-appointed its internal and secretarial auditors for five years and updated its Code of Practices to enhance fair disclosure of sensitive information. The board plans to sell a 70% stake in Deep Natural Resources Limited, which will stop being a subsidiary after the transaction. Leadership changes include the appointment of an additional independent director and the re-appointment of an executive director, signaling strengthened governance.