Avishkar Infra Realty Ltd — Important, 01-01-1970: Company Update

An open offer has been made to acquire up to 58.25 lakh equity shares, representing 26% of Avishkar Infra Realty's expanded voting capital, at ₹16.00 per share payable in cash. The offer is from Mr. Niraj Harsukhlal Sanghavi and Persons Acting in Concert, triggered by regulatory non-compliance during a preferential share issue. The Acquirer and PAC do not intend to take control or become promoters. The total offer consideration is ₹9.32 Cr, backed by adequate internal financial resources. For the financial year ending March 2025 (consolidated), Avishkar Infra Realty reported revenue of ₹3.62 Cr and a net profit of ₹4.18 Cr.