Prabha Energy Limited's Board of Directors, in a meeting held on December 26, 2025, approved a significant fundraising plan through a Rights Issue. The company intends to raise up to ₹19,000 Lakhs (₹190 Crore) by issuing equity shares. The Rights Issue will be conducted on terms and conditions to be decided by the Rights Issue Committee, subject to regulatory and statutory approvals. The committee will determine details such as the quantum, issue price, record date, and entitlement ratio in due course. In key leadership changes, the board approved the appointment of Mr. Shanil Paras Savla as an Additional Executive Director, effective January 1, 2026. He will also be re-designated as the Managing Director for a tenure of three years, 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. Concurrently, Mr. Shail Manoj Savla tendered his resignation from the position of Managing Director, effective December 31, 2025, citing personal reasons due to preoccupation and paucity of time. He will also cease to be a member of the Stakeholder Relationship Committee. The board also approved the constitution of a Rights Issue Committee and authorized Key Managerial Personnel for determining materiality and making disclosures to stock exchanges, effective January 1, 2026. A postal ballot notice will also be issued.