PRABHHANS : OPEN OFFER WORTH RS 2.27 CR AT ₹41.30/SHARE

• Acquirers Exigo Recycling, Raman Sharma, Anagh Ojha, Pankaj Chopra to acquire up to 54,82,248 shares (15.84% of expanded voting capital) at ₹41.30/share • Offer size ₹22.64 Cr; opens Nov 26, 2026, closes Dec 9, 2026 • Preferential issue of 2,83,68,750 shares at ₹41.30 to acquirers, PAC-2 and other shareholders of transferor companies • Target to acquire 100% of Reown Device Private Limited (RDPL) and MTOW Mobility Private Limited via share swap; both become wholly owned subsidiaries • Post offer, acquirers and PACs to hold 90.75%; public shareholding to fall to 9.18%, below minimum 25% • Offer price ₹41.30 vs market price ₹68.85 on DPS date (Oct 8, 2026); shares under ESM Stage 1

Prabhhans Industries Ltd

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