ALPHA TRIBE

Prabha Energy LimitedImportant, 12-06-2026: Committee Meeting Updates

12-06-2026 | 04:33 pm

Prabha Energy's Rights Issue Committee has approved a significant capital update. Following the successful receipt of the First Call money from its Rights Equity Shareholders, 88,97,316 partly paid equity shares have been converted. These shares, previously 34% paid-up, are now 67% paid-up, increasing the company's realized capital. This action confirms progress in monetizing the Rights Issue, signaling a strengthened balance sheet as funds from the call money are secured.

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