NOVUS CAPITAL ADVISORS : PUBLIC ANNOUNCEMENT FOR OPEN OFFER

• Exigo Recycling Private Limited and other acquirers propose an open offer for up to 54,82,248 equity shares of Prabhhans Industries Limited. • Offer price is ₹41.30 per equity share, totaling ₹22.64 Cr. • The offer size represents 15.84% of the expanded voting share capital. • The open offer is triggered by underlying transactions including a preferential issue and share swap agreements. • Novus Capital Advisors Private Limited is the Manager to the Offer. • The offer is made in compliance with SEBI (SAST) Regulations, 2011. Impact: Neutral (Procedural announcement for an open offer)

Prabhhans Industries Ltd

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