BSECompany Update5d ago · 31 Aug 2026, 08:18 am
Novus Capital Advisors Pvt Ltd ("Manager to the Offer") has submitted to BSE a copy of Public Announcement under Regulation 3(1) and 4 read with Regulations 13, 14 and 15(1) of the Securities ....
Ishaan Infrastructures and Shelters Ltd · 540134
✦ AI SummaryFundraise
Ishaan Infrastructures and Shelters Ltd has received a public announcement from Novus Capital Advisors Pvt Ltd regarding an open offer to acquire up to 63,48,500 equity shares, representing 10.04% of the company's expanded voting share capital, at a price of INR 14 per share.
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Earnings Impact2/10
Growth Catalyst3/10
Governance Concern1/10
Regulatory Risk2/10
Balance Sheet Risk1/10
Liquidity Impact8/10
Market Sentiment5/10
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Full Announcement
Ishaan Infrastructures and Shelters Ltd - 540134 - Public Announcement - Open Offer
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August 29, 2026
BSE Limited
Phiroze Jeejeebhoy Towers,
Dalal Street,
Mumbai – 400001
Dear Sir(s),
Subject: Public Announcement (the “PA”) in relation to an open offer to the Public Shareholders of
Ishaan Infrastructures and Shelters Limited (the “Target Company”) (“Open Offer”/ “Offer”).
This is to inform you that Misun Pure Lights Private Limited (“Acquirer-1”), Ravi Prakash Bothra
(“Acquirer-2”), Vaaibhav Bothra (“Acquirer-3”), Rajesh Arora (“Acquirer-4”) and Ashish Arora
(“Acquirer-5”) [Collectively known as Acquirers] along with Yasha Bothra (“PAC-1”), Divyanshi Bothra
(“PAC-2”), Sakshi Bothra (“PAC-3”), Rejesh Bothra (“PAC-4”), Sandeep Bothra (“PAC-5”), Priyanka
Baid (“PAC-6”), Nirmala Bothra (“PAC-7”) And Bothra Corp LLP (“PAC-8”)[Collectively known as
Person Acting in Concert or PAC(s)] have announced an Open Offer for acquisition of upto 63,48,500
(Sixty Three Lakh Forty-Eight Thousand Five Hundred) fully paid-up Equity Shares of face value INR 10/-
(Rupee Ten Only) each from the shareholder of Target Company representing 10.04%* of the total
Expanded Voting Share Capital of the Company, at a price of INR 14/- (Rupees Fourteen Only) per Equity
Share (“Offer Price”) aggregating to total consideration of INR 8,88,79,000/- (Rupees Eight Crores Eighty-
Eight Lakh Seventy-Nine Thousand Only) payable in “Cash” (“Offer”).
*As per Regulation 7(1) of SEBI(SAST) Regulations, the offer size, for the open Offer should be for atleast
26% of the Expanded Voting Share Capital of the Target Company. However, the offer size is restricted to
63,48,500 equity shares, being the shares held by the existing public shareholders in the Target Company,
representing 10.04% of the Expanded Voting share capital of the Company.
The Offer is made pursuant to and in compliance with Regulation 3(1) and 4 of the Securities Exchange
Board of India (Substantial Acquisition of Shares and Takeovers) Regulation, 2011, as amended (the
“SEBI (SAST) Regulation”).
Accordingly, in terms of Regulation 13 read with Regulation 14 of SEBI (SAST) Regulation, 2011, We,
Novus Capital Advisors Private Limited (Formerly known as Fast Track Finsec Private Limited), a SEBI
Registered Merchant Banker and Manager to the offer are enclosing herewith a copy of PA dated August
29, 2026 in relation to the Offer.
Kindly take the above information on your records.
Yours truly,
Novus Capital Advisors Private Limited
(Formerly known as Fast Track Finsec Private Limited)
Reg. No.: INM000012500
Vikas Kumar Verma
Director
DIN: 05176480
NOVUS CAPITAL ADVISORS PRIVATE LIMITED
(Formerly known as Fast Track Finsec Private Limited)
CIN:- U65191DL2010PTC200381 | AIBI Membership No.:- AIBI/149
Registration Code:- INM000012500 | GST No:- 07AABCF4818P1Z9
Regd. Off.: Office No. V-116|New Delhi House|27|BarakhambaRoad|New Delhi – 110001
Off.: +91-011-43029809 | Web.: www.novuscaps.com
PUBLIC ANNOUNCEMENT FOR THE ATTENTION OF EQUITY SHAREHOLDERS OF
ISHAAN INFRASTRUCTURES AND SHELTERS LIMITED
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
Corporate Identification Number: L45300GJ1995PLC027912
PUBLIC ANNOUNCEMENT UNDER REGULATION 3(1) AND 4 READ WITH REGULATION 13, 14, 15(1) OF THE SECURITIES AND
EXCHANGE BOARD OF INDIA (SUBSTANTIAL ACQUISITION OF SHARES AND TAKEOVERS) REGULATIONS, 2011 (“REGULATIONS”),
AND AS AMENDED FROM TIME TO TIME
OPEN OFFER FOR ACQUISITION OF UPTO 63,48,500 (SIXTY THREE LAKH FORTY-EIGHT THOUSAND FIVE HUNDRED) EQUITY SHARES
OF FACE VALUE INR 10/- (RUPEES TEN ONLY) EACH (“EQUITY SHARES”) REPRESENTING 10.04%* OF THE TOTAL EXPANDED
VOTING SHARE CAPITAL(AS DEFINED BELOW) OF ISHAAN INFRASTRUCTURES AND SHELTERS LIMITED (“TARGET COMPANY” OR
“TC”), BY MISUN PURE LIGHTS PRIVATE LIMITED (“ACQUIRER-1”), RAVI PRAKASH BOTHRA (“ACQUIRER-2”), VAAIBHAV
BOTHRRA(“ACQUIRER-3”), RAJESH ARORA (“ACQUIRER-4”) AND ASHISH ARORA(“ACQUIRER-5”)[COLLECTIVELY KNOWN AS
ACQUIRERS] ALONG WITH YASHA BOTHRA (“PAC-1”), DIVYANSHI BOTHRA (“PAC-2”), SAKSHI BOTHRA (“PAC-3”), REJESH
BOTHRA(“PAC-4”), SANDEEP BOTHRA (“PAC-5”), PRIYANKA BAID (“PAC-6”), NIRMALA BOTHRA(“PAC-7”) AND BOTHRA CORP LLP
(“PAC-8”)[COLLECTIVELY KNOWN AS PAC(s)], FROM PUBLIC SHAREHOLDERS (AS DEFINED BELOW) OF THE TARGET COMPANY,
PURSUANT TO AND IN COMPLIANCE WITH REQUIREMENTS OF THE SECURITIES AND EXCHANGE BOARD OF INDIA (SUBSTANTIAL
ACQUITIONS OF SHARES AND TAKEOVERS) REGULATIONS, 2011, AS AMENDED (HEREIN REFERRED TO “SEBI (SAST) REGULATIONS,
2011”)
*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 10th working day from the
closure of the tendering period. As on the date of 10th working day from closure of tendering period, the public shareholding of the Target Company comprises
10.04% (Ten Point Zero Four Percent) of the Expanded Voting Share Capital, after excluding the Other Shareholders of the Transferor Companies 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 10.04% (Ten-Point Zero Four Percent) of the Expanded Voting Share Capital
of the Target Company.
This Public Announcement (“PA” or “Public Announcement”) is being issued by Novus Capital Advisors Private Limited (Formerly known as Fast Track Finsec
Private Limited), a Company registered under Companies Act, 1956 (“Novus”) (“Manager to the Offer”), for and on behalf of Acquirers and PAC(s) to the Public
Shareholders of the Target Company pursuant to and in Compliance with, amongst others, Regulations 3 (1) and 4 of Securities and Exchange Board of India
(Substantial Acquisition of Shares and Takeovers) Regulations, 2011 and subsequent amendments thereto [“SEBI (SAST) Regulations, 2011”].
For the purpose of this public announcement, the following terms have the meanings assigned to them below:
‘Persons Acting in Concert’ shall have the meaning ascribed to it under Regulation 2(1)(q) of the SEBI (Substantial Acquisition of Shares and Takeovers)
Regulations, 2011. Further, the Other Shareholders of the Transferor Companies who are proposed to be allotted shares pursuant to the preferential issue shall be
considered as deemed to be Persons Acting in Concert with the Acquirers for the purposes of this Open Offer.
‘Equity Shares’ means the fully paid-up equity shares of face value of Rs.10 /- (Rupees Ten Only) each.
‘Existing Voting Share capital/Pre-Issue Paid-up Equity Share Capital’ means paid up share capital of the Target Company prior to proposed preferential
issue i.e., ₹6,47,46,000/- (Rupees Six Crore Forty-Seven Lakh Forty-Six Thousand only) divided into 64,74,600 (Sixty-Four Lakh Seventy-Four Thousand Six
Hundred) fully paid-up Equity Shares of face value Rs. 10/- (Rupees Ten only) each;
“Expanded Voting Share Capital” means 6,32,26,332 (Six Crore Thirty-Two Lakh Twenty-Six Thousand and Three hundred Thirty-Two) fully paid-up equity shares
of the face value Rs. 10/- (Rupees Ten only) each of the Target Company being the capital post allotment of 5,67,51,732 (Five Crore Sixty-Seven Lakh Fifty-One
Thousand Seven Hundred and Thirty-Two) equity shares to the Acquirers, PACs and other shareholders of Transferor Companies on preferential basis.
“Other shareholders of Transferor Companies” shall mean all the shareholders of Transferor Companies except Acquirers and the PAC(s);
‘Offer Shares’ means 63,48,500 (Sixty-Three Lakh Forty-Eight Thousand Five Hundred) Equity Shar
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