Prabha Energy's Rights Issue Committee approved the conversion of partly paid-up equity shares into fully paid-up shares.

This action follows the receipt of outstanding First Call Money and Second and Final Call Money.

Specifically, 8,795,395 shares, previously 67% paid-up, and 718,508 shares, previously 34% paid-up, are now fully paid.

In total, 9,513,903 fully paid-up equity shares have been allotted, each with a face value of ₹1 and an issue price of ₹144. This move completes a key phase of the Rights Issue, bolstering the company's capital structure.