Novus Capital Advisors Pvt Ltd ("Manager to the Offer") has submitted to BSE a copy of Public Announcement for the attention of Equity Shareholders of Prabhhans Industries Ltd ("Target Company").

PUBLIC ANNOUNCEMENT FOR THE ATTENTION OF EQUITY SHAREHOLDERS OF PRABHHANS INDUSTRIES LIMITED Registered Office –Plot No. 270E/A, MCH No. 985, Road No. 10, Jubilee Hills, Hyderabad, Telangana- 500033 Corporate Office – House No.248, Karta Ram Gali Ghass Mandi, Chaura Bazar, Ludhiana, Punjab-141008 Email- secretarial.compliance9@gmail.com; Website: http://www.prabhhansindltd.in/ Corporate Identification Number: L70200TG1993PLC016389 PUBLIC ANNOUNCEMENT UNDER REGULATION 3(1) AND 4 READ WITH REGULATION 13, 14, 15(1) OF THE SECURITIES AND EXCHANGE BOARD OF INDIA (SUBSTANTIAL ACQUISITION OF SHARES AND TAKEOVERS) REGULATIONS, 2011 (“REGULATIONS”), AND AS AMENDED FROM TIME TO TIME OPEN OFFER FOR ACQUISITION OF UPTO 54,82,248* (FIFTY-FOUR LAKH EIGHTY-TWO THOUSAND TWO HUNDRED FORTY-EIGHT) EQUITY SHARES OF FACE VALUE INR 10/- (RUPEES TEN ONLY) EACH (“EQUITY SHARES”) REPRESENTING 15.84% OF THE TOTAL EXPANDED VOTING EQUITY SHARE CAPITAL (AS DEFINED BELOW) OF PRABHHANS INDUSTRIES LIMITED (“TARGET COMPANY” OR “TC”) (PAN: AADCS2193J), BY EXIGO RECYCLING PRIVATE LIMITED (“ACQUIRER 1”) (PAN: AADCE2257P), MR. RAMAN SHARMA (“ACQUIRER 2”) (PAN: DIDPS9472J), MR. ANAGH OJHA (“ACQUIRER 3”)(PAN: ADIPO7459A) AND MR. PANKAJ CHOPRA (“ACQUIRER-4”) (PAN: ABTPC9341C) (HEREINAFTER COLLECTIVELY REFERRED TO AS “ACQUIRERS”) TOGETHER WITH MS. KANIKA GURJAR (“PAC 1”) (PAN: APVPG1950K) AND MR. ASHOK SHARMA (“PAC 2”) (PAN: ABZPS3244G) (HEREINAFTER COLLECTIVELY REFERRED TO AS “PERSONS ACTING IN CONCERTS ” OR “PACs”) FROM PUBLIC SHAREHOLDERS (AS DEFINED BELOW) OF THE TARGET COMPANY, PURSUANT TO AND IN COMPLIANCE WITH REQUIREMENTS OF THE SECURITIES AND EXCHANGE BOARD OF INDIA (SUBSTANTIAL ACQUITIONS OF SHARES AND TAKEOVERS) REGULATIONS, 2011, AS AMENDED (HEREIN REFERRED TO “SEBI (SAST) REGULATIONS, 2011”) *In terms of Regulation 7(1) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011 (“SEBI SAST Regulations”), the open offer is required to be made for at least 26% (Twenty Six percent) of the Expanded Voting Share Capital of the Target Company. As on the date of 10th working day from closure of tendering period, the public shareholding of the Target Company comprises 15.84% (Fifteen Point Eight Four Percent) of the Expanded Voting Share Capital, after excluding the Other Shareholders of the Transferor Companies who are proposed allottees in the preferential issue and are considered as Deemed Persons Acting in Concert with the Acquirers for the purposes of this open offer and are, accordingly, ineligible to participate in the Open Offer in compliance with the provisions of regulation 7(6) of the SEBI (SAST) Regulations, 2011). Accordingly, the open offer is being made to the eligible public shareholders holding 15.84% of the Expanded Voting Share Capital of the Target Company. This Public Announcement (“PA” or “Public Announcement”) is being issued by Novus Capital Advisors Private Limited (Formerly known as Fast Track Finsec Private Limited), a Company registered under Companies Act, 1956 (“Novus”), (“Manager to the Offer”) for and on behalf of Acquirers to the Public Shareholders of the Target Company pursuant to and in compliance with, amongst others, Regulations 3(1) and 4 of Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011 and subsequent amendments thereto [“SEBI (SAST) Regulations, 2011 Regulations”]. For the purpose of this public announcement, the following terms have the meanings assigned to them below: ‘Convertible Warrants’ refers to warrants which will be convertible into equal number of Equity Shares of the Target Company in accordance with the provisions of Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018 and subsequent amendments thereto (“SEBI (ICDR) Regulations, 2018”). ‘Equity Shares’ means the fully paid-up equity shares of face value of Rs.10 /- (Rupees Ten Only) each. ‘Existing Voting Share capital/Pre-Issue Paid-up Equity Share Capital’ means paid up share capital of the Target Company prior to proposed preferential issue i.e., ₹6,24,82,400/- (Rupees Six Crore Twenty-Four Lakh Eighty-Two Thousand and Four Hundred only) divided into 62,48,240 (Sixty-Two Lakh Forty-Eight Thousand Two Hundred and Forty) fully paid-up Equity Shares of face value Rs. 10/- (Rupees Ten only) each ‘Expanded Voting Share Capital’ means 3,46,16,990 (Three Crore Forty-Six Lakh Sixteen Thousand Nine Hundred and Ninety) fully paid-up equity shares of the face value Rs. 10/- (Rupees Ten only) each of the Target Company being the capital post allotment of 2,83,68,750 (Two Crore Eighty-Three Lakh Sixty-Eight Thousand Seven Hundred and Fifty) equity shares to the Acquirers, PACs and other shareholders of Transferor Companies on preferential basis. The warrants issued pursuant to the resolution passed at the Board Meeting held on September 30, 2026, have not been considered for the purpose of calculating the Expanded Voting Share Capital. ‘Offer Shares’ means 54,82,248 (Fifty-Four Lakh Eighty-Two Thousand Two Hundred and Forty-Eight) Equity Shares, representing 15.84% (Fifteen-point Eight Four Percent) of the Expanded Voting Equity Share Capital of the Target Company. Other shareholders of Transferor Companies” shall mean all the shareholders of Transferor Companies except Acquirers and the PAC(s); Persons Acting in Concerts or PAC(s)’ shall have the meaning ascribed to it under Regulation 2(1)(q) of the SEBI (SAST) Regulations, 2011, as amended, which shall mean, Ms. Kanika Gurjar (PAC-1) and Mr. Ashok Sharma (PAC-2). Further, the other Shareholders of the Transferor Companies who are proposed to be allotted shares pursuant to the preferential issue shall be considered as deemed to be Persons Acting in Concert with the Acquirers for the purposes of this Open Offer. ‘Proposed Preferential Issue’ means the preferential issue of fully paid up 2,83,68,750 Equity Shares of face value of ₹10/- (Indian Rupees Ten Only) and 33,45,000 convertible warrants as approved by the Board of directors of the Target Company at their meeting held on September 30 ,2026, subject to the approval of the members and other regulatory approvals, if any. ‘Public shareholders’ means all the public shareholders of the Target Company who are eligible to tender their Equity Shares in the Open Offer, excluding the Acquirers, PACs, the Promoters and member of the Promoter Group of the Target Company, and other persons deemed to be acting in concert with the Acquirers. ‘Share Swap Agreements’ or “SSA(s)” means Share Swap Agreements dated September 30, 2026, entered between Target Company and Acquirers, the PAC(s), and Other Shareholders of the Transferor Companies (as defined above); ‘Tendering Period’ has the meaning ascribed to it under Regulation 2(1) (za) of the SEBI(SAST) Regulations. ‘Transferor Companies’ means the Reown Device Private Limited (“Transferor Company-1” or “RDPL”) and MTOW Mobility Private Limited (“Transferor Company-2” or “MTOW”), promoted by the Acquirers and PACs; ‘Working Day’ means same meaning to it under Regulation 2(1)(zf) of the SEBI(SAST) Regulations. 1) OFFER DETAILS: 1.1 Offer Size: The Acquirers hereby make this Open Offer (“Offer”) to all the public shareholders of the Target Company to acquire up to 54,82,248 (Fifty-Four Lakh Eighty-Two Thousand Two Hundred and Forty-Eight) Equity Shares of face value of INR 10/- each (Rupees Ten Only), representing 15.84% of the Expanded Voting Equity Share Capital of the Target Company, to open offer shares, subject to satisfaction of certain conditions precedent and statutory approvals and other terms and conditions mentioned in this Public Announcement (“PA”), Detailed Public Statement (“DPS”) and Draft Letter of Offer (“DLOF”) that are proposed to be issued in accordance with the Regulations. *In terms of Regulation 7(1) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011 (“SEBI SAST Regulations [Showing first 8,000 characters — download PDF for full document]