Prabhhans Industries Approves Share Capital Increase & Acquisitions

Prabhhans Industries Limited's Board of Directors approved a significant increase in authorized share capital from ₹12 Crores to ₹38 Crores. The company also approved the acquisition of 100% of Mtow Mobility Private Limited and Reown Device Private Limited through a share swap agreement. Additionally, the board approved a preferential issue of equity shares and convertible warrants, aggregating up to ₹13,81,48,500 (₹138.15 Crores) for the warrants. An Extraordinary General Meeting (EGM) is scheduled for September 30, 2026, to seek shareholder approval for these proposals. The appointment of a scrutinizer for the upcoming Annual General Meeting was also approved.