Scrip Code / Symbol: BSE: 544379, NSE: PRABHA

Nature and Purpose of the Meeting

The Rights Issue Committee meeting was held to approve the issuance of 'First Call and Second and Final Call Reminder cum Forfeiture Notice' and 'Second and Final Call Reminder cum Forfeiture Notice' to holders of partly paid-up equity shares who have not paid the call money. This is part of the company's rights issue process.

Details of Resolutions Passed

The Committee approved sending reminder cum forfeiture notices for payment of outstanding amounts:

  • First Call Money: ₹47.52 per Rights Equity Share (comprising ₹0.33 towards paid-up value and ₹47.19 towards premium)
  • Second and Final Call Money: ₹47.52 per Rights Equity Share (comprising ₹0.33 towards paid-up value and ₹47.19 towards premium)
  • Total Issue Price: ₹144.00 per Rights Equity Share
  • Each call represents 33% of the total issue price

Financial Impact

The document does not specify the total capital raised or expected from this reminder notice. It focuses on collecting outstanding payments from shareholders who haven't paid their call money.

Timing of the Meeting

The meeting commenced at 02:30 p.m. and concluded at 03:00 p.m. on September 18, 2026.

Compliance References

The notice references multiple regulatory frameworks:

  • Companies Act, 2013, as amended
  • Articles of Association of the Company
  • SEBI ICDR Regulations (implied through rights issue process)
  • LODR requirements for exchange disclosures
  • Letter of Offer dated March 05, 2026

Payment Details and Deadlines

  • Last date for payment: Thursday, October 08, 2026
  • Payment period: September 24, 2026 to October 08, 2026 (15 days inclusive)
  • ISIN for credit: INE0I0M01023
  • Shares expected to be available for trading within three weeks from October 08, 2026

Banking Arrangements

  • Escrow collection through ICICI Bank Limited
  • Two designated accounts:
  • PRABHA ENERGY LIMITED-CALL MONEY RESIDENT ACCOUNT
  • PRABHA ENERGY LIMITED-CALL MONEY NON-RESIDENT ACCOUNT
  • 55+ ICICI Bank branches across India listed as collection centers

Consequences of Non-Payment

  • Company may deduct outstanding amounts from future dividends
  • Partly paid-up equity shares may be forfeited including amounts already paid
  • Forfeiture will follow Articles of Association and Letter of Offer provisions

Additional Material Disclosures

  • Registrar: MUFG Intime India Private Limited (formerly Link Intime India Private Limited)
  • SEBI Registration No: INR000004058
  • Contact: +91 22 810 811 4949 or prabhaenergy.callmoney@in.mpms.mufg.com
  • Documents available on company website (www.prabhaenergy.com) and registrar website (www.in.mpms.mufg.com)

Note on Data Inconsistency

The document contains two different ISIN references (INE0I0M01023 in main text and IN90I0M01014/IN90I0M01022 in payment slips). This discrepancy is noted as presented in the original document.

#Tags: #PrabhaEnergy #CommitteeMeeting #RightsIssue #CallMoney #RegulatoryDisclosure #NeutralSentiment