Prabhhans Industries Ltd (530361)
Latest quarterly results (Q1 FY27)
In its latest reported quarter, Q1 FY27, Prabhhans Industries' revenue was ₹10.4 Cr (-52.2% year on year, -63.5% on the previous quarter), and net profit ₹0.1 Cr (-73.7% year on year); the operating margin was 3.1%.
| Q1 FY27 (₹ Cr) | Value | YoY vs Q1 FY26 | QoQ |
|---|---|---|---|
| Revenue | ₹10.4 | -52.2% | -63.5% |
| Operating profit | ₹0.3 | -53.3% | -49.7% |
| Net profit | ₹0.1 | -73.7% | -66.6% |
| EPS (₹) | 0.18 | -73.1% | -66.0% |
| Operating margin | 3.1% | — | — |
📢 Recent Corporate Announcements
Exigo Recycling Private Limited along with individual acquirers and persons acting in concert (PACs) have filed a Draft Letter of Offer to acquire up to 54,82,248 equity shares of Prabhhans Industries Limited. The offer represents 15.84% of the expanded voting capital at an offer price of ₹41.30 per share in cash, aimed at substantial acquisition of shares and control. The offer price of ₹41.30 is at an 11% premium to the current market price of ₹37.20. The tendering period is scheduled to open on November 26, 2026, and close on December 09, 2026.
- Open offer to acquire up to 54,82,248 equity shares representing 15.84% of expanded voting capital
- Offer price fixed at ₹41.30 per equity share payable in cash
- Acquisition being made by Exigo Recycling Pvt Ltd, Raman Sharma, Anagh Ojha, Pankaj Chopra and PACs to take control
- Tendering period scheduled from November 26, 2026, to December 09, 2026
Prabhhans Industries announced a major alteration to its Memorandum of Association (MOA) Main Object Clause to pivot into product lifecycle management, battery chemistries (lithium-ion, solid-state, etc.), and electronics recycling. The Board also withdrew an earlier 2024 plan to shift its registered office to Punjab, opting instead to relocate from Telangana to Haryana. An Extraordinary General Meeting (EGM) is scheduled for October 30, 2026, to seek shareholder approval for these changes.
- Board approved alteration of Main Objects Clause to pivot toward battery systems, energy storage, and electronics recycling
- Withdrew prior resolution dated March 13, 2024, which approved shifting registered office to Punjab
- Approved shifting of registered office from Telangana to Haryana, subject to member and regulatory approvals
- Scheduled 01st EGM for FY27 on October 30, 2026 at 12:30 P.M. via VC/OAVM
Prabhhans Industries has issued an EGM notice for October 30, 2026, to approve a major corporate overhaul including changing its name to 'Exigo Cleantech Solutions Limited' and altering its main objects toward battery recycling and lifecycle management. The company is proposing preferential allotments to Exigo Recycling Private Limited and associated individuals, who will hold substantial equity and trigger an open offer under SEBI (SAST) Regulations. Additionally, the registered office is proposed to shift from Telangana to Haryana. A total of 33,45,000 warrants/shares are part of the preferential proposals, altering the ownership and control of the Rs 23 Cr market cap entity.
- EGM scheduled for October 30, 2026, with cut-off date on October 23, 2026
- Complete pivot of main objects to battery recycling, lifecycle management, and clean tech solutions
- Proposed preferential allotment of 33,45,000 warrants/shares, with Exigo Recycling Pvt Ltd holding 26.55% post-issue
- Acquirers (Exigo Recycling, Raman Sharma, Pankaj Chopra, Anagh Ojha) to trigger a mandatory open offer under SEBI SAST Regulations
- Auditor confirms zero revenue generated so far from the proposed new business activities
Prabhhans Industries announced a major alteration to its Memorandum of Association (MOA) Main Object Clause to pivot into product lifecycle management, battery chemistries (lithium-ion, solid-state, etc.), and electronics recycling. The Board also withdrew an earlier 2024 plan to shift its registered office to Punjab, opting instead to relocate from Telangana to Haryana. An Extraordinary General Meeting (EGM) is scheduled for October 30, 2026, to seek shareholder approval for these changes.
- Board approved alteration of Main Objects Clause to pivot toward battery systems, energy storage, and electronics recycling
- Withdrew prior resolution dated March 13, 2024, which approved shifting registered office to Punjab
- Approved shifting of registered office from Telangana to Haryana, subject to member and regulatory approvals
- Scheduled 01st EGM for FY27 on October 30, 2026 at 12:30 P.M. via VC/OAVM
Novus Capital Advisors Private Limited has issued a Detailed Public Statement regarding an open offer for the equity shares of Prabhhans Industries Ltd. The filing follows Regulations 3(1) and 4 read with Regulations 13, 14, and 15(2) of the SEBI (SAST) Regulations. Prabhhans Industries currently holds a market capitalization of Rs 23 Cr with TTM revenue of Rs 90 Cr. The provided document extract contains corrupted text artifacts and does not specify the offer price, offer size, or acquirer identity.
- Filing pertains to Detailed Public Statement under SEBI (SAST) Regulations 3(1) and 4
- Open offer managed by Novus Capital Advisors Pvt Ltd
- Company trades at a market capitalization of Rs 23 Cr against FY26 revenue of Rs 101.07 Cr
- Document text extract is corrupted and specifics such as offer price and volume are not disclosed in the text
Prabhhans Industries Limited announced that its Board of Directors approved a proposal to change the company's name on October 03, 2026. The proposed names are 'EXIGO CLEANTECH SOLUTIONS LIMITED' or 'EXIGO CLEANTECH LIMITED', subject to regulatory and shareholder approvals. The company reported TTM revenue of Rs 90 Cr and has a market cap of Rs 23 Cr. This change indicates a potential strategic pivot from its current textile industry operations toward cleantech.
- Board approved name change proposal on October 03, 2026
- Proposed names include 'EXIGO CLEANTECH SOLUTIONS LIMITED' and 'EXIGO CLEANTECH LIMITED'
- Board meeting commenced at 05:30 P.M. and concluded at 06:00 P.M.
- Name change is subject to MCA/ROC and shareholder approvals
Exigo Recycling Private Limited along with individual acquirers has announced an open offer to acquire up to 54,82,248 equity shares (15.84% of expanded voting capital) of Prabhhans Industries at ₹41.30 per share. The total open offer consideration stands at up to ₹22.64 crore, which is comparable to the company's current market cap of ₹23 crore. The offer follows a board approval on September 30, 2026, for a preferential issue of 2.84 crore equity shares and 33.45 lakh warrants via share swap agreements with Reown Device and MTOW Mobility. Post-transaction, the acquirers will assume control and become the new promoters.
- Open offer price set at ₹41.30 per share, an 11% premium over the recent trading price of ₹37.2
- Acquisition of up to 54,82,248 shares representing 15.84% of expanded voting share capital
- Maximum consideration for the open offer is ₹22,64,16,843 payable fully in cash
- Triggered by preferential allotment of 2,83,68,750 equity shares and 33,45,000 warrants via share swap agreements
- Detailed Public Statement (DPS) to be published on or before October 08, 2026
Prabhhans Industries' board approved the 100% acquisition of Mtow Mobility Pvt Ltd and Reown Device Pvt Ltd via a share swap valued at ₹117.16 Cr by issuing 2,83,68,750 equity shares at ₹41.30 each. The board also approved issuing 33.45 lakh convertible warrants at ₹41.30 per share to raise ₹13.81 Cr in cash. The target Mtow Mobility reported FY26 turnover of ₹38.44 Cr (in EV/batteries), while Reown Device reported nil revenue as of FY25. This acquisition represents a massive transformation and dilution relative to the company's current ₹23 Cr market cap and TTM revenue of ₹90 Cr.
- Approved acquisition of 100% of Mtow Mobility and Reown Device via share swap valued at ₹117.16 Cr
- Issuance of up to 2,83,68,750 equity shares at an issue price of ₹41.30 per share for the acquisition
- Preferential issue of 33,45,000 convertible warrants at ₹41.30 each to raise ₹13.81 Cr (25% upfront)
- Mtow Mobility posted ₹3,844.48 Lakhs (₹38.44 Cr) turnover for FY26; Reown Device had nil turnover for FY25
- Authorized share capital to be expanded from ₹12 Cr to ₹38 Cr
Prabhhans Industries' board approved the 100% acquisition of Mtow Mobility Pvt Ltd and Reown Device Pvt Ltd via a share swap valued at ₹117.16 Cr by issuing 2,83,68,750 equity shares at ₹41.30 each. The board also approved issuing 33.45 lakh convertible warrants at ₹41.30 per share to raise ₹13.81 Cr in cash. The target Mtow Mobility reported FY26 turnover of ₹38.44 Cr (in EV/batteries), while Reown Device reported nil revenue as of FY25. This acquisition represents a massive transformation and dilution relative to the company's current ₹23 Cr market cap and TTM revenue of ₹90 Cr.
- Approved acquisition of 100% of Mtow Mobility and Reown Device via share swap valued at ₹117.16 Cr
- Issuance of up to 2,83,68,750 equity shares at an issue price of ₹41.30 per share for the acquisition
- Preferential issue of 33,45,000 convertible warrants at ₹41.30 each to raise ₹13.81 Cr (25% upfront)
- Mtow Mobility posted ₹3,844.48 Lakhs (₹38.44 Cr) turnover for FY26; Reown Device had nil turnover for FY25
- Authorized share capital to be expanded from ₹12 Cr to ₹38 Cr
Prabhhans Industries' board approved the 100% acquisition of Mtow Mobility Pvt Ltd and Reown Device Pvt Ltd via a share swap valued at ₹117.16 Cr by issuing 2,83,68,750 equity shares at ₹41.30 each. The board also approved issuing 33.45 lakh convertible warrants at ₹41.30 per share to raise ₹13.81 Cr in cash. The target Mtow Mobility reported FY26 turnover of ₹38.44 Cr (in EV/batteries), while Reown Device reported nil revenue as of FY25. This acquisition represents a massive transformation and dilution relative to the company's current ₹23 Cr market cap and TTM revenue of ₹90 Cr.
- Approved acquisition of 100% of Mtow Mobility and Reown Device via share swap valued at ₹117.16 Cr
- Issuance of up to 2,83,68,750 equity shares at an issue price of ₹41.30 per share for the acquisition
- Preferential issue of 33,45,000 convertible warrants at ₹41.30 each to raise ₹13.81 Cr (25% upfront)
- Mtow Mobility posted ₹3,844.48 Lakhs (₹38.44 Cr) turnover for FY26; Reown Device had nil turnover for FY25
- Authorized share capital to be expanded from ₹12 Cr to ₹38 Cr
Prabhhans Industries' board approved the 100% acquisition of Mtow Mobility Pvt Ltd and Reown Device Pvt Ltd via a share swap valued at ₹117.16 Cr by issuing 2,83,68,750 equity shares at ₹41.30 each. The board also approved issuing 33.45 lakh convertible warrants at ₹41.30 per share to raise ₹13.81 Cr in cash. The target Mtow Mobility reported FY26 turnover of ₹38.44 Cr (in EV/batteries), while Reown Device reported nil revenue as of FY25. This acquisition represents a massive transformation and dilution relative to the company's current ₹23 Cr market cap and TTM revenue of ₹90 Cr.
- Approved acquisition of 100% of Mtow Mobility and Reown Device via share swap valued at ₹117.16 Cr
- Issuance of up to 2,83,68,750 equity shares at an issue price of ₹41.30 per share for the acquisition
- Preferential issue of 33,45,000 convertible warrants at ₹41.30 each to raise ₹13.81 Cr (25% upfront)
- Mtow Mobility posted ₹3,844.48 Lakhs (₹38.44 Cr) turnover for FY26; Reown Device had nil turnover for FY25
- Authorized share capital to be expanded from ₹12 Cr to ₹38 Cr
Prabhhans Industries has scheduled a Board of Directors meeting on September 30, 2026, to consider raising funds via equity shares or other securities through rights issue, preferential issue, or other modes. The quantum, pricing, and specific structure of the proposed fundraise have not been disclosed. For context, the company currently operates with a market capitalization of Rs 23 crore and total debt of Rs 11 crore against net worth of Rs 11 crore. Final decisions will be subject to board, shareholder, and statutory approvals.
- Board meeting scheduled for September 30, 2026 to evaluate fundraising proposals
- Modes under review include rights issue, preferential issue, or other permissible routes
- Target fundraising amount and share dilution levels are not disclosed
- Company currently holds a market capitalization of Rs 23 crore with D/E at 1.01
Prabhhans Industries Ltd has approved filing an application with the Registrar of Companies (ROC), Hyderabad, seeking an extension of 3 months to convene its 32nd Annual General Meeting (AGM) for FY26. The board approved the proposal at its meeting on September 1, 2026. Prabhhans Industries reported FY26 annual revenue of ₹101.07 Cr with a net profit of ₹1.64 Cr and currently has a market capitalization of ₹24 Cr.
- Approved application to ROC Hyderabad seeking a 3-month extension to hold the AGM.
- Extension relates to the 32nd AGM for the financial year ended March 31, 2026.
- Board meeting commenced at 11:15 AM and concluded at 11:45 AM on September 1, 2026.
The Board of Directors of Prabhhans Industries approved a proposal on September 1, 2026, to file an application with the Registrar of Companies (ROC), Hyderabad, seeking a 3-month extension to hold its 32nd Annual General Meeting (AGM) for FY26. Under standard statutory timelines, AGMs for the financial year ended March 31, 2026, are typically held by September 30, 2026. The filing does not cite the specific operational or audit reasons behind the extension request.
- Board approved filing an application with ROC Hyderabad seeking a 3-month extension for holding the 32nd AGM
- Extension sought for the financial year ended March 31, 2026
- Board meeting was held on September 1, 2026, from 11:15 A.M. to 11:45 A.M.
Prabhhans Industries announced a board transition on August 6, 2026, following the resignation of Independent Director Mr. Jaspreet Singh due to personal reasons. The board has appointed Mr. Atul Chauhan, a professional with over 15 years of experience in corporate law and governance, as a Non-Executive Independent Director for a 5-year term. Mr. Chauhan will immediately assume the role of Chairman for the Audit, Nomination & Remuneration, and Stakeholders Relationship Committees. This change ensures the company remains compliant with SEBI board composition requirements.
- Resignation of Mr. Jaspreet Singh as Non-Executive Independent Director effective August 6, 2026
- Appointment of Mr. Atul Chauhan for a 5-year tenure, subject to shareholder approval
- New appointee Mr. Atul Chauhan brings over 15 years of experience in corporate laws and governance
- Reconstitution of 3 key board committees including Audit and Nomination & Remuneration
- Board meeting for these changes concluded within 30 minutes (03:30 PM to 04:00 PM)
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