Prabha Energy Issues Final Notice for Outstanding Rights Call Money

• Deadline: October 8, 2026
• Payment: Rs 47.52 per call share

Reader Takeaway: Clear outstanding call money by October 8 to avoid share forfeiture and loss of previously paid capital.

What just happened

The Rights Issue Committee of Prabha Energy has formally triggered the forfeiture process for investors who failed to pay the First and Second Final Call money on their partly paid-up equity shares. A mandatory notice has been issued to these stakeholders, setting a strict payment window between September 24 and October 8, 2026.

Why this matters

For shareholders with outstanding call money, this is the final opportunity to regularize their holdings. Failure to act by the October 8 deadline will lead to the forfeiture of the equity shares. Crucially, this forfeiture process includes the loss of all amounts already paid toward those shares, according to the company's Articles of Association and the initial Letter of Offer.

What changes now

Investors must pay Rs 47.52 for the First Call and Rs 47.52 for the Second and Final Call. Payments are restricted to cheque or demand draft via designated ICICI Bank escrow accounts. The company has explicitly stated that partial payments and cash transactions are not permitted.

Risks to watch

The primary risk is the permanent forfeiture of shares and the loss of all capital previously contributed. Furthermore, the company reserves the right to deduct outstanding call money and accrued interest from any future dividends declared for the defaulting shareholder.

What to track next

Shareholders should verify their payment status immediately and ensure their contact details in their demat accounts are updated. This will ensure they receive relevant communication regarding the successful crediting of shares following the payment process.