Description
NSE extends the trading period for Rights Entitlement (PRABHA-RE) pursuant to Prabha Energy Limited's Rights Issue, updating the last date for on-market renunciation to March 30, 2026 and suspension date to April 1, 2026.
Summary
NSE has extended the trading window for Rights Entitlement (symbol: PRABHA-RE) related to Prabha Energy Limited’s Rights Issue. This circular amends the earlier circular NSE/CML/73345 dated March 18, 2026, updating two key dates: the last date for on-market renunciation and the suspension of trading date.
Key Points
- Amends NSE circular NSE/CML/73345 dated March 18, 2026
- Symbol affected: PRABHA-RE (Prabha Energy Limited)
- Last date for on-market renunciation extended to March 30, 2026
- Suspension of trading date revised to April 1, 2026
- All other terms of the original circular remain unchanged
Regulatory Changes
The circular modifies two specific dates from the earlier circular NSE/CML/73345:
- Last date for on-market renunciation (New): March 30, 2026
- Date of Suspension (New): April 1, 2026
No other provisions of the original circular are altered.
Compliance Requirements
- Exchange members dealing in PRABHA-RE must note the revised dates for on-market renunciation
- Members should ensure clients are informed of the extended renunciation window
- No trading in PRABHA-RE should be facilitated after the suspension date of April 1, 2026
Important Dates
| Event | Date |
|---|---|
| Last date for on-market renunciation | March 30, 2026 |
| Suspension of trading (PRABHA-RE) | April 1, 2026 |
| Original circular date | March 18, 2026 |
| This amendment circular date | March 23, 2026 |
Impact Assessment
This extension provides shareholders of Prabha Energy Limited additional time to renounce their Rights Entitlements on the market. The impact is limited to existing rights holders and prospective buyers of PRABHA-RE on NSE. The brief extension of approximately one week from the original deadline does not materially affect broader market operations. Members and their clients holding or transacting in PRABHA-RE should update their records to reflect the new deadlines.
Impact Justification
This is a narrow amendment affecting only the Rights Entitlement symbol PRABHA-RE, extending deadlines by a few days. It impacts a limited set of shareholders participating in Prabha Energy's rights issue and has no broad market implications.