Prabhhans to acquire Mtow & Reown, issue ₹131 Cr shares & warrants

Prabhhans Industries Ltd's Board of Directors approved the acquisition of 100% of Mtow Mobility Private Limited and Reown Device Private Limited. To fund this acquisition, the company will issue up to 2,83,68,750 fully paid-up Equity Shares of face value ₹10/- each at an issue price of ₹41.30/- per share on a preferential basis, amounting to ₹1,17,20,00,000 (₹117.20 Crore), via a share swap with the shareholders of MTOW and REOWN. Additionally, the Board approved the issue of up to 3,345,000 fully convertible Warrants at ₹41.30/- each on a preferential basis for cash, aggregating up to ₹13,81,48,500 (₹13.81 Crore). The company also approved an increase in its Authorized Share Capital from ₹12 Crore to ₹38 Crore. These matters are subject to shareholder approval at an Extra-ordinary General Meeting scheduled for September 30, 2026.