AVISHKAR INFRA : OPEN OFFER FOR 26% STAKE WORTH RS 13.4 CR AT RS 23/SHARE

• Acquirer Nalin Ramaniklal Shah, with 10 persons acting in concert, to acquire 58,24,853 equity shares or 26% of total voting share capital of Avishkar Infra Realty • Offer price ₹23 per equity share, implying total consideration of ~₹13.4 Cr • Open offer under Regulations 3(1) and 4 of SEBI (SAST) Regulations, 2011 • Manager to the open offer is Aftertrade Broking Private Limited (SEBI Regd INM000013110) • PACs include Atul Ramaniklal Shah (HUF), Ramaniklal Kunvarji Shah (HUF), Nalin R Shah (HUF) and family members • Public announcement dated October 14, 2026, filed with BSE and MSEI

Avishkar Infra Realty Ltd

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