Corporate News
Ishaan Infrastructures and Shelters Limited announced a preferential allotment of 5,51,78,892 equity shares to a group of individuals and entities, including Misun Pure Lights Private Limited, Ravi Prakash Bothra, Vaaibhav Bothra, and Ashish Arora. The allotment represents approximately 89.50% of the post-issue paid-up share capital, potentially leading to the Acquirers being classified as Promoters of the company following an open offer process mandated by SEBI regulations. Selected allottees such as Kaushal Surana, Anjali Jain, and Kusum Bothra received allotments ranging from 75,000 to 6,66,000 shares, representing 0.12% to 1.08% of the post-issue capital respectively; a complete list is available in the official document. The allotment was revised for Kaushal Surana due to the transmission of shares and requires compliance with SEBI Listing Regulations, specifically Regulation 31A.