Esaar India Ltd — Important, 01-01-1970: Company Update

Prabhat Capital Investments Limited has initiated an open offer to acquire up to 53,15,050 equity shares of Esaar (India) Limited, representing 26.00% of its voting capital. The offer price is Rs. 8.00 per share. Esaar's Committee of Independent Directors views this price as justified and compliant with takeover guidelines. There have been no competing bids for this offer. The Letter of Offer has been dispatched to public shareholders, outlining the updated schedule for participation.