Board approves main object alteration, withdraws Telangana-Punjab office shift resolution, proposes Haryana shift

Board meeting outcome, October 08, 2026.

Thu 8 Oct 2026

Board Meeting Date

October 08, 2026

Resolution Withdrawn

resolution dated March 13, 2024 approving shift of registered office from Telangana to Punjab

EGM Proposed

01st EGM of FY 2026-27 on Friday, October 30, 2026 at 12:30 P.M. via VC/OAVM

Board meeting and what came out of it

The board of Prabhhans Industries Limited met on Thursday, October 08, 2026 at the Corporate Office at House No. 248, Karta Ram Gali, Ghass Mandi, Chaura Bazar, Ludhiana, Punjab - 141008. The meeting commenced at 03:30 P.M. and concluded at 04:00 P.M. This disclosure is a continuation of the outcomes of the board meetings submitted on September 30, 2026 and October 03, 2026.

Main objects of the company to change

• The board approved the alteration of the Main Object Clause of the Memorandum of Association by replacing the existing Main Objects under sub-clauses I to III with two new sub-clauses.
• New sub-clause 1 covers product lifecycle management: sourcing, procurement, design, development, manufacturing, assembly, processing, integration, testing, inspection, grading, certification, repair, refurbishment, reconditioning, remanufacturing, quality assurance, warehousing, logistics, packaging, distribution, import, export, marketing, trading, leasing, renting, resale, recycling, reverse logistics, recovery, disposal and end-of-life management of products, components, spare parts and accessories, whether new, refurbished, renewed, reconditioned, remanufactured, pre-owned, used or recycled.
• The stated primary focus is batteries and energy storage systems, including lithium, lithium-ion, lead, lead-acid, nickel-based, sodium-ion, solid-state and other battery chemistries, battery cells, modules, packs, battery management systems (BMS), battery materials and related components, along with consumer electronics, electrical and electronic equipment, appliances, peripherals, accessories and allied products, in India and abroad, either directly or through physical or digital platforms, marketplaces, distributors, dealers, franchisees, agents or any other lawful means.
• New sub-clause 2 covers allied and ancillary services: diagnostics, testing, grading, repair, refurbishment, remanufacturing, battery health assessment, repurposing, second-life applications, warranty management, after-sales support, buy-back, exchange, trade-in, asset recovery, recycling, material recovery, sustainable disposal, circular economy solutions, product traceability, inventory management, software and technology platforms, analytics, consulting and other technology-enabled lifecycle management solutions in relation to the aforesaid products and services.
• This alteration is subject to the approval of the Members and such other approvals as may be required.

Registered office: one shift withdrawn, another approved

• The board approved the withdrawal of the resolution dated March 13, 2024 that approved shifting the registered office from the State of Telangana to the State of Punjab.
• Instead, the board approved the shifting of the registered office from the State of Telangana to the State of Haryana, along with the consequential alteration or amendment to the Memorandum of Association.
• This is also subject to the approval of the Members and such other approvals as may be required.

Shareholders to vote at an EGM

• The revised Notice of the 01st Extra-Ordinary General Meeting of the company for the Financial Year 2026-27 is proposed to be convened on Friday, October 30, 2026 at 12:30 P.M. through Video Conferencing or Other Audio-Visual Means.
• The EGM is being convened to seek the approval of the Members for the matters above.

What this means for a retail investor

• Both the change in the company's main objects and the change of registered office are board-level approvals that are still subject to member approval at the EGM.
• The proposed objects set out the businesses the company would be permitted to carry on, described in the company's own words in the resolution.
• The office-shift item also settles the earlier Punjab proposal: that resolution is withdrawn and the new proposal names Haryana.
• The revised EGM notice will carry the exact resolutions that members will vote on.

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