To,
The Members,
PRABHA ENERGY LIMITED
Ahmedabad.
Dear Members,
Your Directors are pleased to present the 17th Annual Report of the
Company along with the Audited Financial Statements for the financial year ended on March
31,2026.
FINANCIAL RESULT
The Financial Statements of the Company have been prepared in
accordance with the Indian Accounting Standards (Ind AS) as defined under the Companies
Act, 2013, read with rules made there under. The financial performance of the Company for
the financial year ended on March 31,2026, is summarised below:
(Rs. in Lakhs)
| Particulars |
STANDALONE |
CONSOLIDATED |
|
2025-26 |
2024-25 |
2025-26 |
2024-25 |
| Revenue from Operations |
447.12 |
157.75 |
610.80 |
394.67 |
| Other Income |
159.82 |
45.30 |
160.12 |
44.35 |
| Total Revenue |
606.94 |
203.05 |
770.92 |
439.02 |
| Total Expenses |
576.75 |
428.66 |
722.21 |
641.95 |
Profit/(Loss) Before tax |
30.19 |
(225.61) |
48.71 |
(202.93) |
| Less: Exceptional Items Gain (Net) |
- |
- |
- |
- |
Profit/(Loss) Before Tax |
30.19 |
(225.61) |
48.71 |
(202.93) |
| Less: Tax Expenses |
(17.13) |
(69.13) |
(12.33) |
(63.38) |
Profit/(Loss) for the Year |
47.32 |
(156.48) |
61.04 |
(139.55) |
| Other Comprehensive Income/ (Loss) for the
year |
0.94 |
- |
0.94 |
- |
| Total Comprehensive Income/ (Loss) for the
year |
48.26 |
(156.48) |
61.98 |
(139.55) |
| Earning per Equity Share (Basic and Diluted) |
0.04 |
(0.11) |
0.05 |
(0.11) |
OPERATIONS Performance of Company:
During the financial year under review, the Company's Standalone
revenue from operations increased significantly to Rs.447.12 Lakhs as against Rs.157.75
Lakhs in the previous financial year, while consolidated revenues from operations
increased to Rs. 610.89 Lakhs as compared to Rs. 394.67 Lakhs in the previous year.
The Company reported a Standalone Profit after Tax of Rs.47.32 Lakhs
during the year as against a loss of Rs.156.48 Lakhs in the previous financial year. On a
consolidated basis, the Company reported a Profit after Tax of Rs.61.04 Lakhs as against a
loss of Rs.139.55 Lakhs in the previous financial year.
The improvement in the financial performance reflects the Company's
continued focus on strengthening its operations and improving overall efficiency. Your
Directors remain committed to sustaining this momentum and enhancing the Company's
operational and financial performance in the coming financial years, thereby creating
long-term value for all stakeholders.
CONSOLIDATED FINANCIAL STATEMENTS
The Consolidated Financial Statements of the Company are prepared in
accordance with relevant Indian Accounting Standards prescribed under Section 133 of the
Companies Act, 2013, which forms part of this report.
SUBSIDIARY, JOINT VENTURES AND ASSOCIATE COMPANY
As on March 31,2026, Deep Energy LLC is the subsidiary Company of the
Company. There has been no material change in the nature of business of the subsidiary.
There are no associates or joint venture companies within the meaning of Section 2(6) of
the Companies Act, 2013 ("the Act").
During the Financial Year under review, the Company disinvested its
investment in Deep Natural Resources Limited and consequently
it ceased to be the subsidiary Company of the Company with effect from
December 02, 2025.
A report on the financial position of the subsidiary as per the Act as
provided in Form AOC-1 is attached to the financial statements of the Company.
Further, pursuant to the provisions of Section 136 of the Act, the
standalone and consolidated financial statements of the Company along with relevant
documents and separate audited financial statements in respect of its subsidiary, are
available on the website of the Company at www.prabhaenergy.com/investors.
SHARE CAPITAL
As on March 31,2026, the Authorised Share Capital of the Company stands
at Rs. 64,07,48,700 (Rupees Sixty Four Crore Seven Lakh Forty Eight Thousand and Seven
Hundred), comprising 58,81,48,100 (Fifty Eight Crore Eighty One Lakh Forty Eight Thousand
and One Hundred) Equity Shares of face value of Rs. 1 (Indian Rupee One) each and
52,60,060 (Fifty Two Lakh Sixty Thousand and Sixty) Preference Shares having face value of
Rs. 10 (Indian Rupees Ten) each.
During the Financial Year 2025-26, the Company has not issued any
equity shares, securities/instruments convertible into equity shares, sweat equity shares
or equity shares with differential rights. The Company has also not made any provision of
money for the purchase of its own shares by employees or by trustees for the benefit of
employees.
DIVIDEND
In light of the Company's planned capital expenditures, no dividend has
been recommended on the equity shares of the Company for the financial year by the Board
of Directors.
Unclaimed dividend amounting to Rs. 1.20 Lakhs pertaining to FY 2016-17
and Rs. 1.62 Lakhs pertaining to FY 2017-18 was transferred to Investor Education &
Protection Fund (IEPF) established by the Central Government.
RESERVES
Your Directors do not propose to transfer any amount to the General
Reserve for the financial year ended March 31, 2026. The entire balance of the net profit
after tax has been retained in the Profit and Loss Account as surplus.
RIGHT ISSUE OF PARTLY PAID-UP EQUITY SHARES:
In order to comply with the Minimum Public Shareholding
("MPS") requirements prescribed by the Securities and Exchange Board of India
("SEBI") and to optimize its capital structure, the Company launched a Rights
Issue on March 20, 2026, to raise Rs.139.21 Crores through the issuance of 96,67,258
partly paid-up equity shares having a face value of Rs.1 each, at an issue price of Rs.144
per equity share (including a securities premium of Rs.143 per equity share), in the ratio
of 5 partly paid-up Rights Equity Shares for every 14 fully paid-up equity shares held by
the eligible shareholders.
Pursuant thereto, 96,67,258 partly paid-up equity shares were allotted
on April 07, 2026, and were subsequently listed on BSE Limited and the National Stock
Exchange of India Limited. Under the structured payment timeline, the Company successfully
collected
the Application Money of Rs.48.96 per share on application, followed by
the First Call Money of Rs.47.52 per share in June 2026.
The Second and Final Call of Rs.47.52 per share is scheduled for
payment between July 28, 2026, and August 11,2026 (Record Date: July 9, 2026), following
which the shares will transition to fully paid- up status, thereby aligning the Company's
shareholding structure with regulatory public float norms.
BOARD MEETINGS
During the year, Five (5) meetings of the Board of Directors were held,
as required under the Companies Act, 2013. The details of the number of Board meetings
held and attendance of Directors are provided in the Corporate Governance Report, which
forms an integral part of this Report.
During the year under review, the Company has complied with applicable
Secretarial Standards issued by the Institute of Company Secretaries of India (ICSI) and
notified by the Ministry of Corporate Affairs.
DIRECTORS AND KEY MANAGERIAL PERSONNEL
^ Mrs. Priyanka K Gola, Non-Executive Independent Director has resigned
from the Board of the Company with effect from April 24, 2025, due to other professional
commitments. Further, she has confirmed in her resignation letter that there were no other
material reasons for her resignation except as stated therein.
^ Based on the recommendation of the Nomination and Remuneration
Committee, the Board of Directors appointed Mr. Narayanan Sadanandan as an Additional
Director (Non Executive -Independent) of the Company with effect from May 13, 2025,
pursuant to Section 161(1) of the Companies Act, 2013, read with the Articles of
Association of the Company.
Subsequently, the Members of the Company approved his appointment as a
Non Executive - Independent Director, not liable to retire by rotation, for a term of five
consecutive years, with effect from May 13, 2025, by passing of special resolution on
August 08, 2025, pursuant to provisions of Section 149 read with Schedule IV and other
applicable provisions of the Companies Act, 2013.
^ Mr. Navin Chandra Pandey, Non-Executive Independent Director has
resigned from the Board of the Company with effect from September 12, 2025, due to his
health constraints. Further, he has confirmed in his resignation e-mail that there were no
other material reasons for his resignation except as stated therein.
^ Based on the recommendation of the Nomination and Remuneration
Committee, the Board of Directors appointed Mrs. Shivangi Digant Shah as an Additional
Director (Non Executive -Independent) of the Company with effect from November 04, 2025,
pursuant to Section 161(1) of the Companies Act, 2013, read with the Articles of
Association of the Company.
Subsequently, the Members of the Company approved her appointment as a
Non Executive - Independent Director, not liable to retire by rotation, for a term of five
consecutive years, with effect from November 04, 2025, by way of special resolution passed
through postal ballot on January 30, 2026, pursuant to provisions of Section 149 read with
Schedule IV and other applicable provisions of the Companies Act, 2013 and the rules made
thereunder.
^ Mr. Shail Manoj Savla, Managing Director has resigned from the Board
of the Company with effect from December 31, 2025, due to personal reason being
pre-occupation and paucity of time. Further, he has confirmed in his resignation letter
dated December 26, 2025 that there were no other material reasons for his resignation
except as stated therein.
^ Based on the recommendation of the Nomination and Remuneration
Committee and pursuant to Section 161(1) of the Companies Act, 2013, read with the
Articles of Association of the Company, the Board of Directors appointed Mr. Shanil Paras
Savla as an Additional Director of the Company with effect from January 01,2026.
Subsequently, the Members of the Company, by way of ordinary resolution
passed through postal ballot on January 30, 2026, approved his appointment as a Director,
liable to retire by rotation, with effect from January 01, 2026. On the same day, the
Members of the Company, by passing of special resolution, approved his appointment as the
Managing Director of the Company for a period of 3 (three) years with effect from January
01, 2026, pursuant to the provisions of Sections 196, 197, 198 and 203 read with Schedule
V and other applicable provisions of the Companies Act, 2013.
^ On the recommendation of the Nomination & Remuneration Committee,
the Board of Directors had re-appointed Mr. Prem Singh Sawhney as the Director (Executive,
Professional) of the Company with effect from February 20, 2027, for a period of 3 (three)
years. A proposal for his appointment is placed before the Members for approval at the
ensuing AGM.
In accordance with the provisions of Section 152 of the Act and the
Articles of Association of the Company, Mr. Prem Singh Sawhney retires by rotation at the
ensuing AGM and being eligible, has offered himself for re-appointment. The term of office
of Mr. Prem Singh Sawhney as the Director of the Company shall be subject to retire by
rotation.
^ On the recommendation of the Nomination & Remuneration Committee,
the Board of Directors had re-appointed Ms. Shaily Jatin Dedhia as a Director
(Non-Executive, Independent) of the Company with effect from June 27, 2027, for the second
term of five consecutive years. A proposal for her appointment is placed before the
Members for approval at the AGM.
Mrs. Dedhia fulfils the criteria of independence under Regulation
16(1)(b) and Regulation 25(8) of the Securities and Exchange Board of India (Listing
Obligations and Disclosure Requirements) Regulations, 2015 ('SEBI Listing Regulations')
and Section 149(6) of the Act, 2013.
Pursuant to the provisions of Section 149 of the Act and Regulation
25(8) of the SEBI Listing Regulations, the Independent Directors have submitted
declarations stating that each of them fulfill the criteria of independence as provided in
Section 149(6) of the Act along with rules framed thereunder and Regulation 16(1)(b) of
the SEBI Listing Regulations. There has been no change in the circumstances affecting
their status as Independent Directors of the Company. In the opinion of the Board, the
Independent Directors are competent, experienced, proficient and possess necessary
expertise and integrity to discharge their duties and functions as Independent Directors.
The Independent Directors of the Company have undertaken requisite steps towards the
inclusion of their names in the data bank of Independent Directors maintained with the
Indian Institute of Corporate Affairs.
None of the Company's directors are disqualified from being appointed
as a director as specified in Section 164 of the Act. All directors have further confirmed
that they are not debarred from holding the office of a director under any order from SEBI
or any other authority.
During the year under review, the Non-Executive Directors of the
Company had no pecuniary relationship or transactions with the Company, other than
receiving sitting fees for the purpose of attending meetings of the Board and its
committees. For more details about the directors, please refer to the Corporate Governance
Report which forms an integral part of this report.
During the year under review, apart from the changes mentioned above
there were no other changes in the Key Managerial Personnel of the Company.
Pursuant to the provisions of Section 203 of the Act, the Key
Managerial Personnel of the Company as on March 31, 2026 are as under:
• Mr. Shanil Paras Savla - Managing Director
• Mr. Vishal G Palkhiwala - Director & Chief Financial Officer
• Mrs. Nikita Agarwalla - Company Secretary
DIRECTORS RESPONSIBILITY STATEMENT
In accordance with the provisions of Section 134 (3)(c) and Section
134(5) of the Companies Act, 2013, the Board of Directors confirms that to the best of its
knowledge and belief:
a. In the preparation of the Annual Accounts for the financial year
ended March 31, 2026, the applicable accounting standards had been followed and there are
no material departures;
b. They have selected such accounting policies and applied them
consistently and made judgments and estimates that are reasonable and prudent so as to
give a true and fair view of the state of affairs of the Company at the end of financial
year and of the profit of the Company for the financial year ended March 31,2026;
c. They have taken proper and sufficient care for the maintenance of
adequate accounting records in accordance with the provisions of Companies Act, 2013 for
safeguarding the assets of the Company and for preventing and detecting fraud and other
irregularities;
d. They have prepared the Annual Accounts for the financial year ended
March 31,2026 on a going concern basis;
e. They have laid down internal financial controls to be followed by
the Company and that such internal financial controls are adequate and are operating
effectively; and
f. They have devised proper systems to ensure compliance with the
provisions of all applicable laws and that such systems were adequate and operating
effectively.
EVALUATION OF BOARD PERFORMANCE AND PERFORMANCE OF
ITS COMMITTEES AND OF DIRECTORS
The Board of Directors has carried out an annual evaluation of its own
performance, performance of Board committees and that of individual directors pursuant to
the provisions of the Act and SEBI Listing Regulations.
The performance of the Board, its committees and individual directors
was evaluated by the Board after seeking inputs from all directors on the basis of
criteria established on the Guidance Note on Board Evaluation issued by the SEBI on
January 5, 2017, such as the board / committee composition and structure, effectiveness of
board processes / committee meetings, information and functioning, etc. In a separate
meeting of the Independent Directors, performance of Non-Independent Directors and the
Board as a whole was evaluated, taking into account the views of the Executive Director
and Non-Executive Directors.
The Board and the Nomination and Remuneration Committee reviewed the
performance of individual directors on the basis of criteria such as the contribution of
the individual director to the Board and committee meetings, like preparedness on the
issues to be discussed, meaningful and constructive contribution and inputs in meetings,
etc.
In the Board meeting that followed the meeting of the Independent
Directors and the meeting of the Nomination and Remuneration Committee, the performance of
the Board, its committees, and individual directors was discussed. Performance evaluation
of Independent Directors was done by the entire Board, excluding the Independent Director
being evaluated.
POLICY ON DIRECTOR'S APPOINTMENT AND REMUNERATION
AND OTHER DETAILS
A Nomination and Remuneration Policy has been formulated pursuant to
the provisions of Section 178 of the Companies Act, 2013 and Regulation 19 of SEBI
(Listing Obligations and Disclosure Requirements) Regulations, 2015. The Nomination and
Remuneration Policy for Directors, Key Managerial Personnel and Senior Management is
available on the website of the Company www.prabhaenergy.com. The weblink is
https://prabhaenergy. com/policies-and-statutory-data/.
COMMITTEE OF THE BOARD
The Board of Director has constituted various Committees(s) pursuant to
the requirements of the Companies Act, 2013 read with the rules framed there under and
SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015. The details of
the composition of the Audit Committee and other various Committee(s), including
Nomination and Remuneration Committee, Stakeholder's Relationship Committee and Risk
Management Committee, the number of meetings held and attendance of the committee members
are provided in the Corporate Governance Report, which forms an integral part of this
Report.
AUDIT COMMITTEE
The details of the Audit Committee, including its composition, terms of
reference, attendance, etc., are included in the Corporate Governance Report, which forms
a part of this Integrated Annual Report. The Board has accepted all the recommendations of
the Audit Committee.
RISK MANAGEMENT
The Board of Directors of the Company has formed a Risk Management
Committee for monitoring and reviewing the risk management plan and ensuring its
effectiveness. The Audit Committee exercises enhanced oversight in the area of financial
risks and controls. Major risks identified by businesses and functions are proactively
managed through ongoing mitigating measures.
Further information on development and implementation of risk
management policy has been covered in the Management Discussion and Analysis Report, which
forms part of this Integrated Annual Report.
For more details on the key risks identified and mitigation plans,
please refer to the Risk Management section of this Integrated Annual Report.
CORPORATE SOCIAL RESPONSIBILITY INITIATIVES
The provisions of Section 135 of the Companies Act, 2013, read with the
Companies (Corporate Social Responsibility Policy) Rules, 2014, are not applicable to the
Company during the Financial Year 2025-26, as the Company does not meet the threshold
criteria prescribed under the said provisions. Accordingly, the Company was not required
to constitute a Corporate Social Responsibility Committee or undertake any Corporate
Social Responsibility (CSR) activities during the year under review.
Consequently, the disclosures required under Section 135 of the
Companies Act, 2013 read with Rule 8 of the Companies (Corporate Social Responsibility
Policy) Rules, 2014 are not applicable and, therefore, have not been included in this
Annual Report.
RELATED PARTY TRANSACTIONS
All related party transactions entered into during the financial year
were in the ordinary course of business and on an arm's length basis and were in
compliance with the applicable provisions of the Companies Act, 2013 and the SEBI (Listing
Obligations and Disclosure Requirements) Regulations, 2015 ("SEBI Listing
Regulations").
In line with the requirements of the Act and the SEBI Listing
Regulations, the Company has formulated a policy on Related Party Transactions ('RPT
Policy') which can be accessed on the Company's website at
https://prabhaenergy.com/policies-and- statutory-data/.
All related party transactions are placed before the Audit Committee
for review and approval. Omnibus approval is obtained from the
Audit Committee for repetitive transactions, wherever applicable, and
the transactions are reviewed by the Audit Committee on a periodic basis.
During the financial year under review, the Company did not enter into
any contracts or arrangements with related parties requiring disclosure in Form AOC-2
under Section 134(3)(h) of the Act read with Rule 8(2) of the Companies (Accounts) Rules,
2014. Accordingly, Form AOC-2 does not form part of this Report.
AUDITORS
A. Statutory Auditors and Statutory Auditor's
Report
M/s Mahendra N. Shah & Co., Chartered Accountant (Firm Registration
No 105775W), Chartered Accountants, were appointed as the Statutory Auditors of the
Company for the period of five (5) years from the conclusion of the 13th Annual General
Meeting held on 30th September, 2022 to conduct the statutory audit from financial year
2022-23 to financial year 2026-27.
The Auditors' Report for financial year 2025-26 forms part of this
Annual Report and does not contain any qualification, reservation or adverse remark or
disclaimer which requires the clarification of the Management of the Company.
The Statutory Auditors of the Company have not reported any fraud as
specified under Section 143(12) of the Act, for the year under review.
B. Secretarial Auditors and Secretarial Audit
Report
M/s RPSS & Co., Practicing Company Secretary, Ahmedabad (P/R No.
3804/2023), was appointed as the Secretarial Auditors of the Company for a term of five
consecutive years commencing from FY 2025-26 by the shareholders of the Company at the
16th Annual General Meeting of the Company.
The report of the Secretarial Auditor in Form MR-3 for the financial
year ended March 31, 2026 is attached to this Report as Annexure-A. The Secretarial Audit
Report does not contain any qualifications, reservations, adverse remarks or disclaimers.
C. Internal Auditors
Pursuant to the provision of Section 138 of the Companies Act, 2013
read with the Companies (Accounts) Rules, 2014, the Company has appointed M/s. Manubhai
& Shah LLP, Chartered Accountants (FRN: 106041W/W100136), as Internal Auditor in the
Board of Directors' meeting held on May 14, 2026, to conduct Internal Audit for the
financial year 2026-27.
D. Cost Auditors And Records
In terms of the provisions of Section 148 of the Companies Act, 2013
read with the Companies (Cost Records and Audit) Rules, 2014, as amended from time to
time, the Company is not required to maintain the Cost Records and Cost Accounts. Hence,
the appointment of Cost Auditors is not applicable to the Company.
PARTICULARS OF EMPLOYEES
The statement containing particulars of employees as required under
section 197(12) of the Companies Act, 2013 read with Rule 5(2) of the Companies
(Appointment and Remuneration of Managerial Personnel) Rules, 2014 is given in an Annexure
and forms part of this report. In terms of Section 136(1) of the Companies Act, 2013, the
Report and Audited Accounts are being sent to the members excluding the aforesaid
Annexure. Any member interested in obtaining a copy of the Annexure may write to the
Company Secretary at the registered office of the Company for a copy of of the said
annexure.
CONSERVATION OF ENERGY, TECHNOLOGY ABSORPTION,
FOREIGN EXCHANGE EARNINGS AND OUTGO
The Information pertaining to Conservation of Energy, Technology
Absorption, Foreign Exchange Earnings and outgo as required under Section 134(3)(m) of the
Companies Act, 2013 read with Rule 8 of the Companies (Accounts) Rules, 2014 is annexed as
Annexure - B, which forms integral part of this Integrated Annual Report.
DISCLOSURE REQUIREMENTS
As per SEBI Listing Regulations, the Corporate Governance Report along
with the Auditors' Certificate thereon, and the Management Discussion and Analysis Report
forms part of this Integrated Annual Report. As per Regulation 34 of the SEBI Listing
Regulations, BRSR is also forming part of this Integrated Annual Report.
The Company has devised proper systems to ensure compliance with the
provisions of all applicable Secretarial Standards issued by the Institute of Company
Secretaries of India and such systems are adequate and operating effectively.
MATERIAL EVENTS AFTER BALANCE SHEET DATE
There are no material events between the end of the financial year and
the date of this Report which have a material impact on the financials of the Company.
Subsequent to the close of the financial year, the Company successfully
completed the allotment , listing and trading of partly paid-up equity shares pursuant to
its Rights Issue and also completed the First Call on such shares. The detailed terms,
progress and other particulars of the Rights Issue are provided under the section
"Right Issue of Partly Paid-up Equity Shares" forming part of this integrated
Annual Report.
Except as stated above, there were no other material events occurring
between the end of the financial year and the date of this Report which have a material
impact on the financial position of the Company.
INTERNAL FINANCIAL CONTROL SYSTEMS AND THEIR
ADEQUACY
The details on Internal Financial Control systems and Report adequacy
are provided in Management Discussion and Analysis, which forms part of this report.
CHANGE IN NATURE OF BUSINESS, IF ANY
There has been no change in nature of business of the Company, during
the year under review.
DEPOSITS
The Company has neither accepted nor renewed any deposits from the
public within the meaning of Section 73 of the Companies Act, 2013 read with the Companies
(Acceptance of Deposits) Rules, 2014 during the financial year under review.
PARTICULARS OF LOANS, GUARANTEES OR INVESTMENTS
MADE UNDER SECTION 186 OF THE COMPANIES ACT, 2013
During the financial year under review, the Company did not grant any
loans or provide any guarantees or securities or made any investments under Section 186 of
the Companies Act, 2013.
There has been no instance of valuation done for settlement or for
taking loan from the Banks or Financial Institutions.
ANNUAL RETURN
As per the requirements of Section 134(3)(a) read with Section 92(3) of
the Act and the rules framed thereunder, including any statutory modifications /
amendments thereto for the time being in force, the Annual Return for FY 2025-26 is
available on https:// prabhaenergy.com/annual-report/
VIGIL MECHANISM / WHISTLE BLOWER POLICY
The Company has adopted Vigil Mechanism / Whistle Blower policy to
provide a formal mechanism for the directors and employees to disclose their concerns and
grievances on unethical behavior and improper/illegal practices and wrongful conduct
taking place in the Company for appropriate action. Through this mechanism, the Company
provides necessary safeguards to all such persons for making sheltered disclosures in good
faith. It is hereby affirmed that no personnel have been denied access to the Audit
Committee. The Vigil Mechanism / Whistle Blower policy has been placed on the website of
the Company www.prabhaenergy.com.
The weblink is https://prabhaenergy.com/policies-and-statutory- data/
POLICY ON DETERMINATION OF MATERIALITY OF EVENT/
DISCLOSURES:
The Company has adopted Policy for determining materiality of
Events/Disclosures that mandates the Company to disclose any of the events or information
which, in the opinion of the Board of Directors of the Company is material in the terms of
requirement of Regulation 30 of SEBI (Listing Obligation and Disclosure Requirements)
Regulations, 2015, which is available on the website of the Company www.prabhaenergy.com.
The weblink is https:// prabhaenergy.com/policies-and-statutory-data/
SIGNIFICANT AND MATERIAL ORDERS PASSED BY THE REGULATORS OR COURTS OR
TRIBUNALS IMPACTING THE GOING CONCERN STATUS OF THE COMPANY:
During the year under review, there were no significant and material
orders passed by the regulators or courts or tribunals impacting the going concern status
and the Company's operations in future.
STATEMENT ON COMPLIANCE WITH THE MATERNITY BENEFIT
ACT, 1961:
Your Company is fully committed to complying with the Maternity Benefit
Act, 1961. We recognize and uphold the rights of our women employees to maternity benefits
as enshrined under the Act.
GENERAL DISCLOSURE
Your directors state that no disclosure or reporting is required in
respect of the following items as there were no such events/ transactions on these items
during the year under review:
a. Provision of money by company for purchase of its own shares by
employees or by trustees for the benefit of employees.
b. Issue of sweat equity shares.
c. Issue of equity shares with differential rights as dividend, voting
or otherwise.
d. Issue of employee stock options scheme.
e. There has been no instance of valuation done for settlement or for
taking loan from the Banks or Financial Institutions.
DESIGNATED PERSON FOR FURNISHING INFORMATION AND EXTENDING CO-OPERATION
TO REGISTRAR OF COMPANIES (ROC) IN RESPECT OF BENEFICIAL INTEREST IN SHARES OF THE
COMPANY:
Mrs. Nikita Agarwalla, the Company Secretary & Compliance Officer
of the Company is the designated person responsible for furnishing information and
extending cooperation to the ROC in respect of beneficial interest in the Company's
shares.
WEBSITE OF YOUR COMPANY
Your Company maintains a website www.prabhaenergy.com where detailed
information of the Company and specified details in terms of the Companies Act, 2013 and
SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015 has been
provided.
ACKNOWLEDGEMENTS
Your directors places on record their sincere thanks to the Customers,
Vendors, Stakeholders, Banks, Regulatory Bodies, Financial Institutions, Employees and
other Business Associates who have extended their valuable sustained support and
encouragement during the year under review.
Your directors take this opportunity to recognize and place on record
their gratitude and appreciation for the commitment displayed by all executives, officers
and staff at all levels of the Company. We look forward for the continued support of every
stakeholder in the future.
|
For and on behalf of the Board |
|
Sd/- |
|
Prem Singh Sawhney |
| Place: Ahmedabad |
Chairman and Director |
| Date: July 30, 2026 |
DIN: 03231054 |
|