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, accompanied by an unmodified auditor’s opinion. The company re-appointed its Internal and Secretarial Auditors for five years and amended its Code of Practices to enhance fair disclosure of price-sensitive information. The Board approved selling 70% of its stake in Deep Natural Resources Limited, resulting in exiting the subsidiary. Additionally, Mr. Narayanan Sadanandan was appointed as an Additional Independent Director, and Mr. Vishal Palkhiwala was re-appointed as Director, both subject to shareholder approval.