Description

BSE announces listing of 96,67,258 partly paid-up equity shares of Prabha Energy Ltd under Rights Issue, effective April 13, 2026, under scrip code 890236 in Group B.

Summary

BSE has announced the listing and trading permission for 96,67,258 partly paid-up equity shares of Prabha Energy Ltd issued under a Rights Issue, effective Monday, April 13, 2026. The shares are classified under Group B securities and will trade under scrip code 890236 with scrip ID PRABHAPP.

Key Points

  • 96,67,258 equity shares of Rs. 1/- face value, partly paid-up at Rs. 0.34/- per share, are being listed on BSE.
  • Scrip Code: 890236 | Scrip ID: PRABHAPP | ISIN: IN90I0M01014.
  • Shares grouped under ‘B’ Group with a market lot of 1.
  • Issue price is Rs. 1/- per share, with Rs. 0.34/- paid on application and Rs. 0.66/- payable on subsequent calls at the Board’s discretion.
  • Date of allotment: April 7, 2026.
  • Dividend entitlement is proportionate to the amount paid-up.
  • Temporary ISIN IN80I0M01024 has been suspended per SEBI Circulars CIR/MRD/DP/21/2012 and CIR/MRD/DP/24/2012.

Regulatory Changes

The temporary ISIN (IN80I0M01024) used during the rights issue process is suspended in accordance with SEBI Circular No. CIR/MRD/DP/21/2012 dated August 02, 2012 and CIR/MRD/DP/24/2012 dated September 11, 2012, which govern activation of ISIN for additional issues of shares/securities.

Compliance Requirements

  • Trading members must update their systems to reflect the new scrip code (890236) and ISIN (IN90I0M01014) effective April 13, 2026.
  • Trading members must cease using the temporary ISIN IN80I0M01024, which is now suspended.
  • Members should note that these are partly paid-up shares; full face value is not yet paid.

Important Dates

  • April 7, 2026: Date of allotment of partly paid-up shares.
  • April 9, 2026: BSE notice date.
  • April 13, 2026: Effective date for listing and trading on BSE.

Impact Assessment

This listing is of moderate operational significance. Trading members dealing in Prabha Energy Ltd shares need to update systems with the new scrip details. The partly paid-up nature of shares means investors are liable for future calls (Rs. 0.66/- per share), which introduces additional financial obligation. The Group B classification indicates lower liquidity compared to mainboard securities. Existing shareholders who subscribed to the rights issue can trade their entitlements from April 13, 2026.

Impact Justification

Routine rights issue listing for a smaller-cap company in Group B; affects existing shareholders and traders dealing in partly paid-up shares. ISIN activation and suspension of temporary ISIN are operationally relevant for trading members.