Prabhhans Industries Ltd

Novus Capital Advisors Pvt Ltd, acting as the Manager to the Offer, has submitted a Public Announcement regarding an Open Offer for Prabhhans Industries Ltd. Exigo Recycling Private Limited, Mr. Raman Sharma, Mr. Anagh Ojha, and Mr. Pankaj Chopra, along with Ms. Kanika Gurjar and Mr. Ashok Sharma (collectively Acquirers and PACs), are making an Open Offer to acquire up to 54,82,248 equity shares of face value INR 10 each. This represents 15.84% of the total expanded voting share capital of the Target Company. The Offer Price is set at INR 41.30 per equity share, aggregating to a total consideration of INR 22,64,16,843 (₹22.64 Crore) payable in cash. The offer is made in compliance with SEBI (SAST) Regulations, 2011. Although the regulations require an offer size of at least 26%, this offer is restricted to the shares held by existing public shareholders.

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.

Prabhhans Industries Limited's Board of Directors has approved the acquisition of 100% of Mtow Mobility Private Limited (MTOW) and Reown Device Private Limited (REOWN) through a Share Swap Agreement (SSA). The company also approved an increase in authorized share capital from ₹12 Crores to ₹38 Crores. A preferential issue of up to 2,83,68,750 equity shares at ₹41.30 per share will be made to MTOW and REOWN shareholders for the acquisition. Additionally, the company plans to issue up to 3,345,000 convertible warrants at ₹41.30 each, raising up to ₹13.81 Crores in cash. An Extraordinary General Meeting (EGM) is scheduled for September 30, 2026, to seek shareholder approval for these transactions.

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.

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.

Prabhhans Industries Ltd has announced the closure of its trading window for designated persons and their immediate relatives. This closure is in compliance with SEBI regulations and the company's insider trading code. The window will be shut from October 1, 2026, until 48 hours after the declaration of the un-audited financial results for the quarter and half-year ended September 30, 2026. The specific date for the board meeting to consider these results will be communicated later.

Prabhhans Industries Ltd has announced a Board of Directors meeting scheduled for September 30, 2026. The primary agenda item is to consider and approve a proposal for raising funds through the issuance of equity shares and/or other securities. This could be done via various modes, including rights issue or preferential issue, subject to regulatory and shareholder approvals. The board will also discuss any other business items as deemed necessary.

Prabhhans Industries Ltd announced that its Register of Members and Share Transfer Books will be closed from September 24, 2026, to September 30, 2026, inclusive. This closure is for the purpose of the company's 32nd Annual General Meeting (AGM) scheduled for September 30, 2026. The AGM will be held via Video Conferencing. Additionally, the company is providing an e-voting facility for shareholders. Remote e-voting will be open from September 27, 2026, to September 29, 2026. The cut-off date for determining eligibility for remote voting is September 23, 2026.

Prabhhans Industries Limited has announced the rescheduling of its 32nd Annual General Meeting (AGM). Originally slated for August 21, 2026, the AGM will now take place on Wednesday, September 30, 2026, at 12:30 P.M. (IST). The meeting will be conducted via Video Conferencing (VC)/Other Audio-Visual Means (OAVM) in compliance with MCA and SEBI regulations. The company has also released its Annual Report for the financial year 2025-26, which includes the AGM notice and audited financial results. Shareholders can access the report via email and on the company's website. A cut-off date of September 23, 2026, has been set for determining voting rights, with remote e-voting available from September 27 to September 29, 2026.

Prabhhans Industries Limited has announced the rescheduling of its 32nd Annual General Meeting (AGM). Originally slated for August 21, 2026, the AGM will now take place on Wednesday, September 30, 2026, at 12:30 P.M. (IST). The meeting will be conducted via Video Conferencing (VC)/Other Audio-Visual Means (OAVM) in compliance with MCA and SEBI regulations. The company has also enclosed its Annual Report for the financial year 2025-26, including the AGM notice and audited financial results. Shareholders can access the report via email and on the company's website. A cut-off date of September 23, 2026, has been set for remote e-voting, which will be facilitated by CDSL from September 27 to September 29, 2026.