Deep Energy Resources Limited has announced the merger involving Deep Energy Resources Limited, Savla Oil and Gas Private Limited and Prabha Energy Private Limited which has been approved by the Ahmedabad Bench of the NCLT. This merger aims to combine resources and expertise from the three companies, which may enhance operational efficiencies, expand market presence, and ultimately improve shareholder value. Shareholders of Deep Energy Resources Limited as of the Record Date (September 25, 2024) will receive 11 fully paid-up equity shares of Prabha Energy Limited for every 8 fully paid-up equity shares of Deep Energy Resources Limited. Any fractional shares will be consolidated and sold by a trust nominated by Prabha Energy. The net proceeds from this sale will be distributed to shareholders in proportion to their fractional entitlements. The newly allotted shares of Prabha Energy Limited are expected to be listed on the BSE and NSE, pending regulatory approvals.