Prabha Energy Limited announced a significant decision following its board meeting held on December 26, 2025. The company approved a fund-raising plan of up to ₹19,000 Lakhs (₹190 Crore) through a rights issue of equity shares. The specifics of the issue, including the price, ratio, and record date, will be determined by the Rights Issue Committee. In leadership changes, the board approved the appointment of Mr. Shanil Paras Savla as an Additional Executive Director and his subsequent re-designation as Managing Director, effective January 1, 2026. Mr. Savla, who holds degrees in Mechanical Engineering and MBA from the University of Connecticut, USA, brings over 5 years of experience in the Oil and Gas industry, with expertise in project finance and supply chain risks. He will be responsible for Finance, Investment, Management, Administration, Marketing, and Strategy. Concurrently, the board noted the resignation of Mr. Shail Manoj Savla from the position of Managing Director, effective December 31, 2025, due to personal reasons. The company also approved the formation of a Rights Issue Committee and authorized Key Managerial Personnel to determine the materiality of events and make disclosures to stock exchanges, effective January 1, 2026.