Novus Capital Advisors Pvt Ltd ("Manager to the Offer") has submitted to BSE a copy of Letter of Offer in relation to the open offer to the Public Shareholders of Ishaan Infrastructures and Shelters Ltd ("Target Company").

LETTER OF OFFER “THIS DOCUMENT IS IMPORTANT AND REQUIRES YOUR IMMEDIATE ATTENTION” This Letter of Offer is sent to you as a Public Shareholder (as defined later) of Ishaan Infrastructures and Shelters Limited. If you require any clarifications about the action to be taken, you may consult your stock broker or investment consultant or Manager to the Offer / Registrar to the Offer (as defined below). In case you have recently sold your equity shares of Ishaan Infrastructures and Shelters Limited, please hand over the Letter of Offer and the accompanying Form of Acceptance cum Acknowledgment to the member of the stock exchange through whom the said sale was effected. OPEN OFFER BY Name Acquirers/PACs Address Contact details Email Address Misun Pure Lights Private Acquirer-1 A-52, Yojna Vihar, East Delhi, Delhi-110092 +91 9311501616 misunpurelights@gmail.com Limited (PAN: AAOCM0929K) Ravi Prakash Bothra Acquirer-2 Ground Floor, A-52, Yojna Vihar, East Delhi, Delhi- +91 92 12432029 ravi@blissteringepl.com (PAN: AEIPB6350G) 110092 Vaaibhav Bothrra Acquirer-3 A-52, Upper Ground, Yojna Vihar, East Delhi, Delhi- +91 9599343843 vaaibhav.bliss@gmail.com (PAN: EWRPB5319A) 110092 Rajesh Arora Acquirer-4 A-301, 3rd Floor, Geetanjali Apartments, Shahdara, +91 9899901616 rkindustries91@gmail.com (PAN: AAGPA8236J) Karkardooma, New Delhi-110092 Ashish Arora Acquirer-5 A-301, 3rd Floor, Geetanjali Apartments, Shahdara, +91 9311501616 ashiaroracool@gmail.com (PAN: BCBPA6149L) Karkardooma, New Delhi-110092 Yasha Bothra PAC-1 Ground Floor, A-52, Yojna Vihar, East Delhi, Delhi- +91 8130440874 rpbothra@gmail.com (PAN: AEEPB9420P) 110092 Divyanshi Bothra PAC-2 A-52, Yojna Vihar, East Delhi, Delhi-110092 +91 8920295325 dbothra2306@gmail.com (PAN: IBPPB0208D) Sakshi Bothra PAC-3 House No.5, Savita Vihar, Yozna Vihar, East Delhi, +91 8700124386 sakshibothra004@gmail.com (PAN: GLZPB2321F) Delhi-110092 Rejesh Bothra PAC-4 6A Shyamnagar Road, Natural City, Block G, Bangur +91 9674002539 kmartkol@gmail.com (PAN: AEIPB6348G) Avenue, North 24, Parganas, West Bengal-700055 Sandeep Bothra PAC-5 151/1, Chowdhury Para Road, Charakdanga, Barasat +91 9051780092 bothrasandeep101@gmail.com (PAN: AEWPB9029E) (m), North 24, Parganas, West Bengal-700124 Priyanka Baid PAC-6 Avani Oxford, Phase 1, Block-2, Flat 3A, 136 Jessore +91 9339475216 cbmdgp@gmail.com (PAN: AJOPB9906B) Road, Bangur Avenue, North 24, Parganas, West Bengal-700055 Nirmala Bothra PAC-7 House No.5, 1st Floor, Savita Vihar, Near Kotak +91 8920295325 nirmalabothra1950@gmail.com (PAN: AIZPB4377Q) Mahindra Bank, East Delhi, Delhi-110092 Bothra Corp LLP PAC-8 G.F. A-52, Yojna Vihar, Laxmi Nagar, East Delhi, +91 9212432029 ravi@blissteringepl.com (PAN: ABFFB0212K) Delhi-110092 To Eligible Shareholder(s) Upto 63,48,500* (Sixty-Three Lakh Forty-Eight Thousand Five Hundred) Equity Shares of face value INR 10/- (Rupees Ten Only) each, representing 10.30% of the Total Expanded Voting Equity Share Capital of the Target Company on a fully diluted basis, as of the 10 (tenth) working day from the closure of the tendering period of the Open Offer, for cash at a price of ₹14/- (Rupees Fourteen only) per equity share (“Offer Price”). *In terms of Regulation 7(1) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011 (“SEBI SAST Regulations”), the open offer is required to be made for at least 26% (twenty six percent) of the Expanded Voting Share Capital of the Target Company. As on the date of 10th working day from closure of tendering period, the public shareholding of the Target Company comprises 10.30% (Ten Point Three Percent) of the Expanded Voting Share Capital, after excluding the Other Shareholders of the Transferor Company who are proposed allottees in the preferential issue and are considered as Deemed Persons Acting in Concert with the Acquirers for the purposes of this open offer and are, accordingly, ineligible to participate in the Open Offer in compliance with the provisions of regulation 7(6) of the SEBI (SAST) Regulations, 2011). Accordingly, the open offer is being made to the eligible public shareholders holding 10.30% (Ten-Point Three Percent) of the Expanded Voting Share Capital of the Target Company. ISHAAN INFRASTRUCTURES AND SHELTERS LIMITED (“TARGET COMPANY”) Registered Office: 507-B, Titanium City Centre, NR Sachin Towers, 100 Feet Road, Anandnagar, Satellite, Jodhpur Char Rasta, Ahmedabad, Gujarat-380015 Email: ishaaninfra9@gmail.com; Website: www.ishaaninfra.in; CIN: L45300GJ1995PLC027912 at a price of INR 14/- (Rupees Fourteen Only) per fully paid - up equity share of face value INR 10/- (Rupees Ten Only) each (“Offer Price”), payable in cash, pursuant to the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, including amendments thereto (“Takeover Regulations”). 1. This Offer is being made by the Acquirers and PACs pursuant to regulations 3(1) & 4 of the Takeover Regulations for control over the Target Company. 2. This Offer is not a conditional upon any minimum level of acceptance in terms of Regulation 19 of SEBI (SAST) Regulations. 3. This Offer is not a competing offer in terms of Regulation 20 of the SEBI (SAST) Regulations. 4. Other than as set out in Para 8.17 (Statutory and Other Approvals) of Section 8 (Terms and Conditions of the Offer) as on the date of this Letter of Offer, to the best of the knowledge of the Acquirers, there are no other statutory or other approvals required for the consummation of the Transaction (as defined below). In case any other statutory or other approvals become applicable and are required by the Acquirers at a later date before the closure of the Tendering Period (as defined below), this Open Offer shall be subject to receipt of such further approvals. 5. If there is any upward revision in the Offer Price/ Offer Size by the Acquirers at any time upto one (01) working day prior to the commencement of the Tendering Period, i.e., October 29, 2026 (Thursday), in terms of Takeover Regulations, the same would also be informed by way of an announcement in the same newspapers where the Detailed Public Statement (“DPS”) was published. Such revised Offer Price would be payable by the Acquirers to all the shareholders, who have validly tendered their equity shares any time during the Tendering Period to the extent their equity shares have been verified and accepted under the Offer, by the Acquirers. If the Offer is withdrawn pursuant to Regulation 23 of the Takeover Regulation, the same would be communicated within two (02) working days by an announcement in the same newspapers in which the DPS had been published. 6. The Acquirers and PACs may withdraw the Open Offer in accordance with the terms and conditions specified in Statutory and other Approvals of Section 8 (Terms and Conditions of the Open Offer) of this LOF. In the event of such a withdrawal of the Open Offer, the Acquirers (through the Manager) shall, within 2 Working Days of such withdrawal, in the same newspapers in which the DPS had appeared, make an announcement of such withdrawal stating the grounds for the withdrawal in accordance with Regulation 23(2) of the SEBI (SAST) Regulations and simultaneously inform to SEBI, the Stock Exchange and the Target Company at its registered office. 7. Regulation 167(2) of the SEBI ICDR Regulation, 2018 states that the Equity Shares issued and allotted on a preferential basis to persons other than the promoters and promoter group shall be locked-in for a period of six months from the date of trading approval. Equity shares to be issued and allotted pursuant to Proposed Preferential Issue, held by persons other than the promoters and promoter group during the open offer period which are under lock- in, are not permitted to be tendered in the open offer in accordance with regulation 167(2) of the SEBI ICDR Regulation, 2018 and if tendered, shall not be accepted in the open offer 8. The Procedure for accept [Showing first 8,000 characters — download PDF for full document]