Avishkar Infra Realty Limited (formerly Joy Realty Limited) has announced that its board of directors will convene on February 14, 2026, to review the company's quarterly financial performance and conduct other essential business matters.

Meeting Details and Agenda

The board meeting notice, issued on February 7, 2026, outlines the key agenda items for the upcoming session:

The primary agenda includes consideration and approval of unaudited standalone and consolidated financial results for the quarter ended December 31, 2025. The board will also take on record the limited review report provided by the company's statutory auditor, ensuring compliance with Regulation 33 of the listing regulations.

Regulatory Compliance

The meeting notice has been issued in strict adherence to Regulation 29 of SEBI (LODR) Regulations, 2015, demonstrating the company's commitment to maintaining transparency and regulatory compliance. The notice was formally communicated to both BSE Limited and MSEI Ltd, the stock exchanges where the company's shares are listed.

Company Information

Avishkar Infra Realty Limited operates under CIN: L65910MH1983PLC031230 and maintains its registered office at 301, Nector House, Vinayak CHS, beside Parshwanth Apartment, Baji Prabhu Deshpande Marg, Vile Parle (W), Mumbai, Maharashtra- 400056. The meeting notice was signed by Komal Keshwani, who serves as the Company Secretary & Compliance Officer.

Additional Business

The board meeting agenda also includes provisions for addressing any other business matters with the permission of the chairperson, allowing flexibility for discussing additional corporate matters that may require board attention during the session.

Kunvarji Finstock Private Limited has formally submitted the offer opening advertisement for a significant acquisition in Avishkar Infra Realty Limited, marking an important corporate development under SEBI's takeover regulations. The merchant banking firm, registered with SEBI under registration number INM000012564, is managing the acquisition process on behalf of the acquirer group.

Acquisition Details

The takeover offer involves the acquisition of 58,24,853 equity shares of Avishkar Infra Realty Limited. The acquisition is being led by Mr. Niraj Harsukhlal Sanghavi as the primary acquirer, supported by persons acting in concert (PAC) including family members and a consultancy firm.

Persons Acting in Concert

The acquisition structure includes multiple parties working together as persons acting in concert. This group comprises both individual and corporate entities, demonstrating a coordinated approach to the takeover.

The PAC members include:

• Ms. Nishra Niraj Sanghvi
• Ms. Naysha Niraj Sanghvi
• M/s. Kenilworth Consultancy Services LLP

Regulatory Compliance

The offer has been structured in compliance with SEBI's takeover regulations. The advertisement publication represents a crucial step in the regulatory process, ensuring transparency and proper disclosure to all stakeholders.

Publication and Documentation

The offer opening advertisement was published across multiple newspapers to ensure wide reach and compliance with regulatory requirements. The multi-language publication strategy demonstrates adherence to SEBI's disclosure norms.

The newspapers selected for publication include The Financial Express for English-speaking readers with nationwide coverage, Jansatta for Hindi-speaking audiences across all regions, and Pratahkal as the regional Marathi newspaper. This comprehensive publication approach ensures that all relevant stakeholders and the general public have access to the takeover information.

Kunvarji Finstock Private Limited, headquartered in Ahmedabad with additional corporate offices in the city and Mumbai, brings its merchant banking expertise to manage this acquisition process. The firm's SEBI registration as a Category I Merchant Banker positions it to handle such significant corporate transactions while ensuring regulatory compliance.