This is to inform you that the Board of Directors of Prabhhans Industries Limited ('the Company') at their meeting held on Today i.e. Wednesday, September 30, 2026 at the Corporate Office of the Company situated at House No. 248, Karta Ram Gali Ghass Mandi, Chaura Bazar, Ludhiana, Punjab-141008, India, has, inter alia, considered and approved the following matters as attached in the outcome.

To, Date: 30-09-2026 The Manager, Company Symbol: PRABHHANS BSE Limited Scrip Code: 530361 Department of Corporate Services, ISIN: INE428P01013 Phiroze Jeejeebhoy Towers, Dalal Street, Mumbai – 400001 Subject: Outcome of the Board Meeting pursuant to Regulation 30 of SEBI (Listing Obligations & Disclosures Requirements) Regulations, 2015 Dear Sir, Pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended, this is to inform you that the Board of Directors of Prabhhans Industries Limited (“the Company”) at their meeting held on Today i.e. Wednesday, September 30, 2026 at the Corporate Office of the Company situated at House No. 248, Karta Ram Gali Ghass Mandi, Chaura Bazar, Ludhiana, Punjab- 141008, India, has, inter alia, considered and approved the following matters: 1. Approved the increase in the Authorized Share Capital of the Company from existing Rs. 12,00,00,000/- (Rupees Twelve Crores only) divided into 1,20,00,000 Equity Shares of Re. 10/- each to Rs. 38,00,00,000/- (Rupees Thirty-Eight Crores Only) divided into 3,80,00,000 Equity Shares of Re. 10/- each and thereby consequent alteration to the Memorandum of Association of the Company, subject to approval of shareholders. 2. The Acquisition of 100% of the Mtow Mobility Private Limited (“MTOW”) and Reown Device Private Limited (“REOWN”). The Board has approved the execution of a Share Swap Agreement (“SSA”) and other necessary documents regarding the Proposed Transaction between the shareholders of MTOW and REOWN and the Company, whereby the Company agrees to acquire 100% of the share capital of MTOW and REOWN. (Details are enclosed herewith as Annexure-A). 3. Issuance of up to 2,83,68,750 (Two Crore Eighty-Three Lakh Sixty-Eight Thousand Seven Hundred and Fifty) fully paid-up Equity Shares of face value of ₹10/- (Rupees Ten only) each at an issue price of ₹41.30/- (Rupees Forty one and thirty paisa only) per Equity Share, on a preferential basis (“Preferential Issue”), for consideration other than cash, i.e., by way of swap of shares, to the shareholders of Mtow Mobility Private Limited and Reown Device Private Limited, subject to the approval of the shareholders at the General Meeting and such other approvals as may be required, and in accordance with Chapter V of the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018, the provisions of the Companies Act, 2013 and the rules made thereunder. The details of the Preferential Issue are set out in Annexure-B. 4. Issue of up to 3,345,000 (Thirty-Three Lakh Forty-Five Thousand) fully convertible Warrants, for consideration to be received in cash, with each warrant convertible into or exchangeable with 1 fully paid- up equity share of the Company having face value of Rs. 10/- (Rupee Ten Only) each (‘Warrants’) at a price (including the Warrant Subscription Price and the Warrant Exercise Price) of Rs. 41.30/- (Rupees Forty- one and thirty paisa only) each (‘Warrant Issue Price’), aggregating up to Rs 13,81,48,500/-(Rupees Thirteen Crore Eighty-One Lakh Forty-Eight Thousand Five Hundred Only) (‘Total Issue Size’) on a preferential basis, with the upfront payment of 25% (twenty-five per cent) of the Warrant Issue Price CIN L70200TG1993PLC016389 Regd. Office: Plot No.270E/A, MCH No.985, Road No.10, Jubilee Hills, Hyderabad, Telangana-500033 Phone No. +91-40-23544558, Fax: +91-40-23544558 Email: secretarial.compliance9@gmail.com , Website: www.prabhhansindltd.in (‘Warrant Subscription Price’), entitling the Proposed Warrant Holders to seek conversion of Warrant(s) in one or more tranches, within a maximum period of 18 (eighteen) months from the date of allotment of Warrants, upon the payment of 75% (Seventy-five per cent) of the Warrant Issue Price (‘Warrant Exercise Price’), and be allotted one fully paid-up equity share of the Company of face value of Re. 10/- each (‘Equity Share’) at a price of Rs. 41.30/- per share (including premium of Rs. 31.30/- per share) in accordance with Chapter V of the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018 (‘ICDR Regulations’), Companies Act, 2013, as may be amended from time to time and other applicable laws and regulations and subject to the approval of regulatory / statutory / government authorities or such other approvals, as may be required, and subject to the approval of the members of the Company. (refer enclosed Annexure-C). 5. The notice of 01st Extraodinary General Meeting (“EGM”) for the Financial Year 2026-27, scheduled to be held on Friday, 30th Friday, 2026 at 12:30 P.M. through video conferencing (“VC”)/other audio- visual means (“OAVM”). 6. The appointment of M/s. Amit Saxena & Associates, Practicing Company Secretaries, as Scrutinizer for the remote e-voting to be conducted for the ensuing Annual General Meeting. The meeting of the Board commenced at 07:30 P.M. and concluded at 08:30 P.M. Kindly take the same on your record. Thanking you, Yours Faithfully For & on behalf of PRABHHANS INDUSTRIES LIMITED SATNAM SINGH Managing Director & CFO DIN: 09526002 CIN L70200TG1993PLC016389 Regd. Office: Plot No.270E/A, MCH No.985, Road No.10, Jubilee Hills, Hyderabad, Telangana-500033 Phone No. +91-40-23544558, Fax: +91-40-23544558 Email: secretarial.compliance9@gmail.com , Website: www.prabhhansindltd.in Annexure-A Disclosure under Regulation 30 read with Para A of Part A of Schedule III of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 and SEBI Circular No. SEBI/HO/CFD/CFDPoD-1/P/CIR/2023/123 dated July 13, 2023 Acquisition (including agreement to acquire) Sr. no Particulars Remarks 1. Name of the Target Entity 1. Mtow Mobility Private Limited 2 . Reown Device Private Limited Size of Entity and Turnover, etc. 1. Mtow Mobility Private Limited (“MTOW”) share capital details: Authorised Share Capital of Rs. 15,00,000/- (Rupees Fifteen Lakh only) divided into 1,50,000 (One Lakh Fifty Thousand) Equity shares of Rs. 10/- (Rupees Ten) each and Paid-up Share Capital of Rs. 2,50,000/- (Rupees Two Lakh Fifty Thousand Only) divided into 25,000 (Twenty-Five Thousand) Equity shares of Rs. 10/- (Rupees Ten) each. Turnover: Rs. 3,844.48 Lakhs as on 31.03.2026 2. Reown Device Private Limited (“REOWN”) share capital details: Authorised Share Capital of Rs. 1,00,000/- (Rupees One Lakh only) divided into 10,000 (Ten Thousand) Equity shares of Rs. 10/- (Rupees Ten) each and Paid-up Share Capital of Rs. 1,00,000/- (Rupees One Lakh only) divided into 10,000 (Ten Thousand) Equity shares of Rs. 10/- (Rupees Ten) each. Turnover: Rs. NIL as on 31.03.2025 3. Whether the acquisition would fall withiNn o NA related party transaction(s) and whether the promoter/ promoter group/ group companies have any interest in the entity being acquired If yes, nature of interest and details thereof and whether the same is done at arm’s length 4. Industry to which the entity being acquired 1. Mtow Mobility Private Limited: deal in the belongs business of manufacturing, buying, selling, importing, exporting, leasing, renting and marketing of batteries, electric vehicles, automotive CIN L70200TG1993PLC016389 Regd. Office: Plot No.270E/A, MCH No.985, Road No.10, Jubilee Hills, Hyderabad, Telangana-500033 Phone No. +91-40-23544558, Fax: +91-40-23544558 Email: secretarial.compliance9@gmail.com , Website: www.prabhhansindltd.in components, equipment, tools, spares and other allied products. 2. Reown Device Private Limited: deal in the business of refurbishment, trading, importing, exporting, buying, selling, distribution, repair and maintenance of mobile phones, laptops, computers, electronic and electrical goods, home appliances and other allied products. 5. Objects and impact of acquisition (including The proposed acquisition of 100% equity share capital but not limited to, disclosure of reasons for of Mtow Mobility Private Limited (“MTOW”) and acquisition of tar [Showing first 8,000 characters — download PDF for full document]