Description
Prabha Energy Limited has fixed March 11, 2026 as the record date for its rights issue, offering 5 equity shares at Rs. 144/- (Re. 1/- face value + Rs. 143/- premium) for every 14 shares held.
Summary
BSE has notified trading members that Prabha Energy Limited (Scrip Code: 544379) has fixed March 11, 2026 as the record date for its rights issue. The company will issue 5 equity shares of Re. 1/- each at a cash price of Rs. 144/- per share (including a premium of Rs. 143/-) for every 14 equity shares held by eligible public shareholders. Trading in the company’s shares will be conducted on an ex-rights basis from March 11, 2026.
Key Points
- Company: Prabha Energy Limited (BSE Code: 544379)
- Record Date: March 11, 2026
- Rights Ratio: 5 new shares for every 14 shares held
- Issue Price: Rs. 144/- per share (Face Value Re. 1/- + Premium Rs. 143/-)
- Ex-Rights Date: March 11, 2026 (Settlement No. DR-837/2025-2026)
- Category: Public shareholders eligible
- Segment: Dematerialised Securities – Rolling Settlement
Regulatory Changes
No new regulatory changes. This is a standard corporate action notification under BSE listing compliance requirements.
Compliance Requirements
- Trading members must conduct all transactions in Prabha Energy Limited equity shares on an ex-rights basis effective March 11, 2026.
- Members should update client records and ensure correct ex-rights pricing from the effective date.
- Eligible shareholders must apply for rights entitlements through the prescribed process before the issue closes.
Important Dates
| Event | Date |
|---|---|
| Notice Date | March 09, 2026 |
| Record Date | March 11, 2026 |
| Ex-Rights Effective Date | March 11, 2026 |
| Settlement Number | DR-837/2025-2026 |
Impact Assessment
The rights issue will dilute existing shareholding at a ratio of 5:14, increasing the total share count of Prabha Energy Limited. Existing shareholders as of the record date (March 11, 2026) are eligible to subscribe at Rs. 144/- per share. Shareholders who do not subscribe may see dilution of their holding percentage. The ex-rights adjustment will be reflected in the stock price from March 11, 2026 onwards. Trading members should ensure their systems reflect the ex-rights status to avoid settlement discrepancies.
Impact Justification
Standard rights issue corporate action affecting existing shareholders of Prabha Energy Limited; relevant to current shareholders needing to act on entitlements but limited broader market impact.