Description

NSE admits Rights Entitlements (REs) of Prabha Energy Limited (PRABHA-RE) for trading on the Capital Market segment from March 20, 2026, with renunciation period ending March 23, 2026.

Summary

NSE has admitted Rights Entitlements (REs) of Prabha Energy Limited for trading on its Capital Market segment effective March 20, 2026. The REs will trade under the symbol PRABHA-RE (Series: BE, ISIN: INE0I0M20015) in the Trade to Trade segment in compulsory demat mode. A total of 9,660,485 rights entitlements are available for trading during the renunciation window.

Key Points

  • Symbol: PRABHA-RE | Series: BE | ISIN: INE0I0M20015
  • Total Rights Entitlements: 9,660,485
  • Market lot: 1
  • Trading is in the Trade to Trade (T2T) segment, compulsory demat for all investors
  • Trading members must prominently include a disclaimer in contract notes clarifying that purchase of REs only grants the right to participate in the rights issue or renounce before closing
  • REs that are neither subscribed nor renounced by the Issue Closing Date will lapse and be extinguished

Regulatory Changes

No new regulatory changes introduced. The circular is issued under Regulation 3.1.1 and Regulation 2.5.5 of the National Stock Exchange (Capital Market) Trading Regulations Part A, governing admission of securities and lot sizes respectively.

Compliance Requirements

  • Trading members must inform all clients about the commencement of RE trading, specifying the ISIN and clarifying that REs are not ordinary shares.
  • Contract notes/bills for RE purchases must prominently carry a disclaimer stating that buying REs only confers the right to apply in the rights issue with requisite application money or renounce the REs before the issue closes.
  • REs must be traded in compulsory demat mode within the Trade to Trade segment.

Important Dates

  • March 20, 2026: Trading in PRABHA-RE commences on NSE Capital Market segment
  • March 20–23, 2026: Trading period for renunciation of Rights Entitlements
  • March 24, 2026: Date of suspension of PRABHA-RE trading
  • Issue Closing Date: REs not subscribed or renounced by this date will lapse and be extinguished

Impact Assessment

This circular is relevant primarily to existing shareholders of Prabha Energy Limited who have been allotted Rights Entitlements. The four-day trading window (March 20–23, 2026) is short, making it time-critical for eligible investors to either apply for shares in the rights issue or renounce their entitlements in the market. The Trade to Trade classification means there is no intraday squaring off — all trades must result in delivery, reducing speculative activity. Broader market impact is limited.

Impact Justification

Company-specific rights issue trading admission affecting existing shareholders of Prabha Energy Limited; limited broader market impact but time-sensitive for eligible shareholders.