Prabha Energy Limited — Others, 13-05-2025: Change in Management

Prabha Energy has announced a board meeting approving the financial results for the quarter and half-year. The company received an unmodified auditor’s opinion from M/s Mahendra N. Shah & Co. It re-appointed M/s Manubhai & Shah LLP as internal auditors and M/s RPSS & Co. as secretarial auditors for five years. Mr. Narayanan Sadanandan joined as an additional independent director, adding valuable banking expertise. The board approved selling 70% stake in Deep Natural Resources Ltd., which will no longer be a subsidiary. Mr. Vishal Gautambhai Palkhiwala was re-appointed as director for three years, while key managerial personnel were authorized for materiality assessments and disclosures.