Prabha Energy544379Rights offering notice

Rights Issue Committee approves conversion of ~1.1 lakh partly paid shares into fully paid-up equity shares

Prabha Energy's Rights Issue Committee has approved converting ~1.1 lakh partly paid-up Rights Equity Shares into fully paid-up equity shares of face value ₹1 each.

By ScoutQuest · Mon 19 Oct 2026, 11:43 AM IST · 2 min read

1,09,974Partly paid-up Rights Equity Shares converted to fully paid-up

Shares that were 67% paid-up (Second and Final Call received93,569

Shares that were 34% paid-up (First and Second and Final Call received16,405

Partly paid-up Rights Equity Shares converted to fully paid-up 1,09,974: Shares that were 67% paid-up (Second and Final Call received 93,569, Shares that were 34% paid-up (First and Second and Final Call received 16,405.

Shares converted to fully paid-up: ~1.1 lakh partly paid-up Rights Equity Shares into fully paid-up equity shares
Shares at 67% paid-up: 93569 (Second and Final Call money received)
Shares at 34% paid-up: 16405 (First Call and Second and Final Call money received)

What the company has approved

Prabha Energy's Rights Issue Committee has approved the conversion of ~1.1 lakh partly paid-up Rights Equity Shares into fully paid-up equity shares of face value of ₹1 each. The converted shares carry ISIN INE0I0M01023.

Two groups of shares are being converted

93569 partly paid-up Rights Equity Shares, which were 67% paid-up, comprising ₹0.67 towards face value and ₹95.81 towards securities premium, under ISIN IN90I0M01022. The Second and Final Call money has been received on these.
16405 partly paid-up Rights Equity Shares, which were 34% paid-up, comprising ₹0.34 towards face value and ₹48.62 towards securities premium, under ISIN IN90I0M01014. Both the First Call and Second and Final Call money have been received on these.

Where this fits

The company had earlier issued a First Call and Second and Final Call Reminder cum Forfeiture Notice and a Second and Final Call Reminder cum Forfeiture Notice for payment of the pending First Call Money and/or Second and Final Call Money on its partly paid-up Rights Equity Shares. This conversion covers the shares on which the called-up money has since been received.

What it means for a retail holder

A partly paid-up share is one where the holder has paid only part of the amount due. Till the balance is paid, more money can be called from the holder.
Once converted, these shares are fully paid-up, so the holders of these ~1.1 lakh shares have no further call liability on them.
The split between the two groups simply reflects how much each set of holders had paid before this final payment: 67% for one lot of 93569 shares and 34% for the other lot of 16405 shares.
The process is administrative: it follows money already received, and the total of the two groups, 93569 plus 16405, equals the ~1.1 lakh shares being converted.

Key figures to note

Total shares converted: 109974
Face value per share: ₹1
Shares at 67% paid-up: 93569
Shares at 34% paid-up: 16405
Securities premium already paid per share on the 67% lot: ₹95.81
Securities premium already paid per share on the 34% lot: ₹48.62

How to read this

This is largely an update on the rights issue process, showing that call money has come in and those shares have moved to fully paid-up status. It does not, by itself, change how much capital the company raises; it records the completion of payment on these specific shares.