Open offer at INR 41.30 per share for up to 15.84% of expanded voting share capital

Detailed Public Statement shared for an open offer to the public shareholders of Prabhhans Industries Ltd.

Thu 8 Oct 2026

Offer Price

INR 41.30 per equity share, in cash

Offer Size

Up to 54,82,248 shares (15.84% of expanded voting share capital)

Maximum Consideration

INR 22,64,16,043 (Escrow: INR 5,00,00,000)

What has been shared

Novus Capital Advisors Private Limited, the Manager to the Offer, has submitted a Detailed Public Statement for an open offer to the public shareholders of Prabhhans Industries Limited. The statement was published in newspapers on October 08, 2026.

Who is making the offer

• Acquirer-1: Exigo Recycling Private Limited
• Acquirer-2: Mr. Raman Sharma
• Acquirer-3: Mr. Anagh Ojha
• Acquirer-4: Mr. Pankaj Chopra
• Persons Acting in Concert: Ms. Kanika Gurjar and Mr. Ashok Sharma

Offer size and price

• Up to 54,82,248 fully paid-up equity shares of face value INR 10 each
• That equals 15.84% of the total Expanded Voting Share Capital of the target company
• Offer price: INR 41.30 per equity share, payable in cash
• Maximum consideration if the offer is fully accepted: INR 22,64,16,043

The update notes that the offer size is restricted to 54,82,248 equity shares, being the shares held by the existing public shareholders of the target company, representing 15.84% of its Expanded Voting Share Capital.

Money set aside

• INR 5,00,00,000 has been deposited in an Escrow Account with the Manager to the Offer, through the banking channel

Dates to note

• Last date of public announcement: September 30, 2026
• Detailed Public Statement published: October 08, 2026
• Offer opening date: November 26, 2026
• Offer closing date: December 09, 2026

How to read this

This is a cash offer from a group of acquirers to the public shareholders of the target company. Each public shareholder decides individually whether to tender shares during the tendering period. The offer covers up to 54,82,248 shares at a fixed price of INR 41.30 per share, and the total amount the acquirers may pay under the offer is INR 22,64,16,043.

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