Prabhhans Industries Approves Rs 117 Crore Twin Acquisition Via Share Swap

Board approved 100% acquisition of Mtow Mobility and Reown Device for ~117 Cr via 2.84 Cr shares at Rs41.30, plus 33.45L warrants at Rs41.30 (~13.81 Cr). Authorised capital raised to Rs38 Cr. Diversification into EV/batteries and refurbished electronics via share swap; subject to shareholder and regulatory approvals, completion in 30 days from exchange approval. Post-swap sellers to hold ~82% with Exigo at 26.2%, implying control change and heavy dilution; Reown valued ~73.5 Cr despite nil FY25 turnover.