Prabha Energy has set August 11, 2026, as the deadline for investors to pay the First Call and Second and Final Call money on its partly paid-up shares. Failure to pay risks forfeiture of investment.
Prabha Energy Ltd. Announces Final Call for Rights Issue
Prabha Energy Limited has issued a final call for payment of the First Call and Second and Final Call money on its partly paid-up equity shares. The deadline for investors to complete these payments is August 11, 2026.
What just happened
Prabha Energy Ltd. is collecting ₹47.52 per share for the First Call and another ₹47.52 per share for the Second and Final Call. This is the final opportunity for shareholders to make these payments.
Why this matters
Investors must pay the full call amount by August 11, 2026, to avoid forfeiture of their already paid capital and shares. Trading in these partly paid shares was suspended on July 08, 2026.
The backstory
The company had previously issued rights shares that were partly paid. This announcement marks the final stage of collecting the remaining dues for this rights issue.
What changes now
Upon successful payment by the August 11 deadline, the partly paid-up shares will become fully paid-up. These shares are expected to resume trading under ISIN: INE0I0M01023 within three weeks post-deadline.
Risks to watch
The primary risk for investors is the forfeiture of their investment if the call money is not paid by the specified deadline. Trading suspension highlights the urgency.
Peer comparison
While specific peer actions aren't detailed in the filing, rights issue calls are a standard but critical part of capital raising for listed entities to fund growth or manage debt.
Context metrics (time-bound)
- Payment Deadline: August 11, 2026
- Trading Suspension Effective Date: July 08, 2026
- Expected Resumption of Trading: Within 3 weeks from August 11, 2026
What to track next
Investors should closely monitor the payment process and ensure timely remittance. The company's subsequent communication regarding the conversion to fully paid-up shares and trading resumption will be key.