ALPHA TRIBE

Prabha Energy LimitedImportant, 25-08-2026: Committee Meeting Updates

25-08-2026 | 09:14 am

Prabha Energy's Rights Issue Committee approved the conversion of partly paid-up equity shares into fully paid-up shares. This action follows the receipt of outstanding First Call Money and Second and Final Call Money. Specifically, 8,795,395 shares, previously 67% paid-up, and 718,508 shares, previously 34% paid-up, are now fully paid. In total, 9,513,903 fully paid-up equity shares have been allotted, each with a face value of ₹1 and an issue price of ₹144. This move completes a key phase of the Rights Issue, bolstering the company's capital structure.

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