BSECompany Update13 Oct 2026 · 13 Oct 2026, 05:47 pm

Beeline Capital Advisors Pvt Ltd ("Manager to the Offer") has submitted to BSE a copy of Post-Offer Advertisement under Regulation 18(12) in terms of SEBI (Substantial Acquisiton of Shares and Takeovers) Regulations, 2011, as amended, of ECS Biztech Ltd ("Target Company").

ECS Biztech Ltd · 540063

✦ AI SummaryM&A

ECS Biztech Ltd's open offer for acquisition of up to 53,44,313 equity shares at Rs. 10.50 per share has been completed, with the Acquirers acquiring 53,44,313 shares, representing 26.00% of the total paid-up/voting share capital of the company.

Analysis Scores

Earnings Impact5/10
Growth Catalyst3/10
Governance Concern2/10
Regulatory Risk8/10
Balance Sheet Risk6/10
Liquidity Impact4/10
Market Sentiment5/10

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ECS Biztech Ltd - 540063 - Post-Offer Advertisement

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08ADE8A3-0923-4805-8A75-7712A8C6EF40-174752.pdf

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NIRIK POST OFFER ADVERTISEMENT UNDER REGULATION 18(12) IN TERMS OF SEBI (SUBSTANTIAL ACQUISITION OF SHARES AND TAKEOVERS) REGULATIONS, 2011, AS AMENDED OF ECS BIZTECH LIMITED (“EBL”/ “TARGET COMPANY”/ “TC”) CIN: L30007GJ2010PLC063070 Registered Office: B-02, The First, ECS Corporate House, behind keshvbaug Party Plot, Off 132 Ft. Road, Vastrapur, Ahmedabad- 380015 Contact No.: +91 8980005048; E-Mail ID: secretarial@ecscorporation.com; Website: www.ecscorporation.com OPEN OFFER FOR THE ACQUISITION OF UPTO 53,44,313 (FIFTY-THREE LAKHS FORTY-FOUR THOUSAND THREE HUNDRED AND THIRTEEN) FULLY PAID-UP EQUITY SHARES OF THE FACE VALUE OF ` 10/- EACH (“EQUITY SHARES”), REPRESENTING 26.00% OF THE TOTAL PAID-UP / VOTING SHARE CAPITAL OF THE TARGET COMPANY, AT AN OFFER PRICE OF `10.50/- (RUPEES TEN AND PAISE FIFTY ONLY) PER FULLY PAID-UP EQUITY SHARE (THE “OFFER PRICE”) PAYABLE IN CASH, BY MR. RAKESH RAMANLAL SHAH (“ACQUIRER-1”) AND KOMAL INFOTECH PRIVATE LIMITED (ACQUIRER-2) (HEREINAFTER COLLECTIVELY REFER TO AS “ACQUIRERS”) PURSUANT TO THE SECURITIES AND EXCHANGE BOARD OF INDIA (SUBSTANTIAL ACQUISITION OF SHARES AND TAKEOVERS) REGULATIONS, 2011 AS AMENDED FROM TIME TO TIME (“SEBI (SAST) REGULATIONS”). This Post Offer Advertisement is being issued by Beeline Capital Advisors Private Limited, Manager to the Offer, on behalf of Acquirers, in connection with the offer made by the Acquirers, in compliance with Regulation 18(12) of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The Detailed Public Statement with respect to the aforementioned offer was published on Wednesday, August 05, 2026 in the Financial Express (English National Daily), Jansatta (Hindi National Daily), Pratahkal (Regional Marathi Daily) at Mumbai, Maharashtra and Financial Express (Regional Gujarati Daily) at Ahmedabad, Gujarat. 1. Name of the Target Company : ECS Biztech Limited 2. Name of the Acquirer(s)and PAC : Mr. Rakesh Ramanlal Shah (“Acquirer-1”) and Komal Infotech Private Limited (Acquirer-2) 3. Name of the Manager to the Offer : Beeline Capital Advisors Private Limited 4. Name of the Registrar to the Offer: : Purva Sharegistry (India) Private Limited 5. Offer Details : a. Date of Opening of the Offer : Thursday, September 17, 2026 b. Date of Closure of the Offer : Wednesday, September 30, 2026 6. Date of Payment of Consideration : Friday, October 09, 2026. 7. Details of Acquisition Sr. No. Particulars Proposed in the Offer Document Actuals 1. Offer Price Rs. 10.50 Rs. 10.50 2. Aggregate number of shares tendered 53,44,3131 715 3. Aggregate number of shares accepted 53,44,3131 715 4. Size of the Offer (Number of shares Rs. 5,61,15,286.50 Rs. 7,507.50 multiplied by offer price per share) 5. Shareholding of the Acquirers Nil Equity Shares constituting Nil Equity Shares constituting before agreements 0.00% of total paid-up/voting share capital of TC 0.00% of total paid-up/voting share capital of TC /Public Announcement (No. & %) 6. Shares Acquired by way of Share Purchase Agreement (“SPA”) dated July 29, 2026 2 • Number 1,34,46,936 Equity Shares constituting 1,34,46,936 Equity Shares constituting • % of Fully Diluted Equity Share Capital 65.42% of total paid-up/voting share capital of TC 65.42% of total paid-up/voting share capital of TC 7. Shares Acquired by way of Open Offer 2 • Number 53,44,313 Equity Shares constituting 715 Equity Shares constituting • % of Fully Diluted Equity Share Capital 26.00% of total paid-up/voting share capital of TC1 0.00% of total paid-up/voting share capital of TC 8. Shares acquired after Detailed Public Statement • Number of shares acquired The Acquirers have not acquired any Equity Shares other than those acquired through SPA dated • Price of the shares acquired July 29, 2026 which triggered the SEBI (SAST) Regulations • % of the shares acquired 9. Post offer shareholding of Acquirers • Number 1,87,91,249 Equity Shares constituting 1,34,47,651 Equity Shares constituting • % of Fully Diluted Equity Share Capital 91.42% of total paid-up/voting share capital of TC1 65.42% of total paid-up/voting share capital of TC 10. Pre & Post offer shareholding of the Pre Offer Post Offer1 Pre Offer Post Offer Public • Number 71,08,111 Equity 17,63,798 Equity 71,08,111 Equity 71,07,396 Equity • % of Fully Diluted Equity Share Capital Shares constituting Shares constituting Shares constituting Shares constituting 34.58% of total 8.58% of total 34.58% of total 34.58% of total paid-up/voting share paid-up/voting share paid-up/voting share paid-up/voting share capital of TC capital of TC capital of TC capital of TC 1 Assuming full acceptance in the open offer. 2 Acquirers-1 and Acquirer-2 have agreed to purchase 1,15,00,000 and 19,46,936 Equity shares respectively under the SPA and the entire Equity Shares acquired under this Open Offer will be acquired by the Acquirer-1. 8. The Acquirer-1, Acquirer-2 and its Board of Directors, jointly and severally accept the responsibility for the information contained in this Post Offer Advertisement and also for the obligations of the Acquirers laid down in the SEBI (SAST) Regulations, 2011 and subsequent amendments made thereof. 9. A copy of this Post Offer Advertisement will be available on the websites of SEBI (www.sebi.gov.in) , BSE Limited (www.bseindia.com) where the Target Company is listed and the registered office of the Target Company. ISSUED BY MANAGER TO THE OPEN OFFER FOR AND ON BEHALF OF THE ACQUIRERS MR. RAKESH RAMANLAL SHAH (“ACQUIRER-1”) AND KOMAL INFOTECH PRIVATE LIMITED (“ACQUIRER-2”) MANAGER TO THE OFFER REGISTRAR TO THE OFFER Beeline Capital Advisors Private Limited Purva Sharegistry (India) Private Limited Registered Office: B/1311-1314, Shilp Corporate Park, Registered Office: Unit No. 9, Ground Floor, Shiv Shakti Industrial Estate, Near Rajpath Club, Rajpath Rangoli Road, J. R. Boricha Marg, Lower Parel (E), Mumbai - 400011; Sarkhej - Gandhinagar Hwy, Ahmedabad-380054; Tel. No.: 079 – 49185784 Contact Person: Ms. Deepali Gaonkar Email: mb@beelinemb.com; Investor Grievance E-mail: ig@beelinemb.com Tel No.: +91-22-4961 4132; Email Id: support@purvashare.com Website: www.beelinemb.com; Contact Person: Mr. Nikhil Shah Website: www.purvashare.com; CIN No: U67120MH1993PTC074079 SEBI Registration No.: INM000012917 SEBI Registration No: INR000001112 For and on behalf of the Acquirers: Rakesh Ramanlal Shah For Komal Infotech Private Limited Sd/- Sd/- Place: Ahmedabad Rakesh Ramanlal Shah Dated: October 12, 2026 Director