Prabhhans Industries Approves Share Capital Increase & Acquisitions

Prabhhans Industries Limited's Board of Directors approved a significant increase in authorized share capital from ₹12 Crore to ₹38 Crore. The company also greenlit 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 Crore) for the warrants. An Extraordinary General Meeting (EGM) is scheduled for October 30, 2026, to seek shareholder approval for these proposals. M/s. Amit Saxena & Associates have been appointed as Scrutinizers for the upcoming Annual General Meeting's remote e-voting.