Prabha Energy Limited's Board of Directors, in a meeting held on December 26, 2025, has approved a significant fundraising initiative through a rights issue. The company plans to raise up to ₹19,000 Lakhs (₹190 Crore) by issuing equity shares to eligible shareholders. The detailed terms of this rights issue, including the issue price and record date, will be determined by the Rights Issue Committee in due course, subject to regulatory approvals. Furthermore, the board has approved key management changes. Mr. Shanil Paras Savla has been appointed as an Additional Executive Director and concurrently re-designated as the Managing Director, effective January 1, 2026, subject to shareholder approval. Mr. Savla, with a background in Mechanical Engineering and an MBA, brings over five years of experience in the Oil and Gas industry, focusing on project finance and geopolitical risks. In a related development, Mr. Shail Manoj Savla has tendered his resignation from the office of Managing Director, citing personal reasons due to pre-occupation and paucity of time. His resignation will be effective from the closing business hours of December 31, 2025. He will also cease to be a member of the Stakeholder Relationship Committee. The board also authorized key managerial personnel to determine the materiality of events and make disclosures to stock exchanges, effective January 1, 2026. The meeting commenced at 02:30 PM and concluded at 05:30 PM.