ALPHA TRIBE

Prabha Energy LimitedOthers, 03-07-2025: Disclosure under SEBI Takeover Regulations

03-07-2025 | 10:36 pm

Parasbhai Shantilal Savla along with the promoter & promoter group and persons acting in concert collectively hold 10.98 crore equity shares, representing 80.23% stake in Prabha Energy Limited. No encumbrance has been placed on these shares during the financial year. Share allotment was made following a sanctioned scheme of arrangement approved by NCLT, with most shares credited to respective demat accounts. However, 0.97 crore shares under Rupesh Savla Family Trust remain in an escrow account due to procedural formalities but are included in promoter holdings to reflect true shareholding.

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