Our Company was originally incorporated as 'Rachana Infrastructure Limited' as Public Limited Company under the provisions of Companies Act, 1956 vide Certificate of Incorporation dated June 29, 2001 bearing Corporate Identification Number U45203GJ2001PLC039725 issued by the Registrar of Companies, Gujarat, Dadra and Nagar Havelli.

THE ADVERTISEMENT SHOULD BE READ IN CONTINUATION TO THE CORRIGENOUM PUBLISHED ON MAY 26, 2022 IN ALL EDITION OF FINANCIAL EXPRESS (ENGLISH) AND (GUJARATI EDITION) AND JANSATTA (HINDI EDITION) FOR PRICE REVISED FROM Rs. 138/- TO Rs. 135/- PER EQUITY SHARES AND ISSUE CLOSING DATE EXTENDED TO JUNE 02, 2022 (THURSDAY).

INITIAL PUBLIC OFFER OF 56,50.000 EQUITY SHARES OF FACE VALUE OF Rs. 10/- EACH OF RACHANA INFRASTRUCTURE LIMITED ("RIL" OR THE "COMPANY" OR THE "ISSUER") FOR CASH AT A PRICE OF Rs. 135 PER EQUITY SHARE INCLUDING A SHARE PREMIUM OF Rs. 125 PER EQUITY SHARE (THE "ISSUE PRICE") AGGREGATING TO Rs. 7627.50 LACS ("THE OFFER") COMPRISING OF FRESH ISSUE OF 28,25,000 EQUITY SHARES OF Rs. 135 PER EQUITY SHARES AGGREGATING TO Rs. 3813.75 LACS AND OFFER FOR SALE OF 28,25,000 EQUITY SHARES BY SELLING SHAREHOLDERS OF Rs. 135 PER EQUITY SHARES AGGREGATING TO Rs. 3813.75 LACS, OF WHICH 2,84,000 EQUITY SHARES OF FACE VALUE OF Rs. 10 EACH WILL FOR CASH AT A PRICE OF Rs. 135 PER EQUITY SHARE INCLUDING A SHARE PREMIUM OF Rs. 125 PER EQUITY SHARE AGGREGATING TO Rs. 383.40 LACS WILL BE RESERVED FOR SUBSCRIPTION BY MARKET MAKER TO THE ISSUE (THE "MARKET MAKER RESERVATION PORTION"). THE ISSUE LESS THE MARKET MAKER RESERVATION PORTION i.e. NET ISSUE OF 53,66,000 EQUITY SHARES OF FACE VALUE OF Rs. 10 EACH AT A PRICE OF Rs. 135 PER EQUITY SHARE AGGREGATING TO Rs. 7244.10 LACS IS HEREIN AFTER REFERRED TO AS THE "NET ISSUE". THE ISSUE AND THE NET ISSUE WILL CONSTITUTE 30.37% AND 28.84% RESPECTIVELY OF THE POST ISSUE PAID UPEOUITY SHARE CAPITAL OF OUR COMPANY.

The Equity Shares of the Company offered through the Prospectus dated May 09, 2022 are proposed to be listed on the SME Platform of National Stock Exchange of India Limited ("NSE EMERGE'') in terms of Chapter IX of SEBI (ICDR) Regulations, 2018. The trading is proposed to be commenced on or before June 10, 2022*.

*Subject to receipt of listing and trading approval from National Stock Exchange of India Limited.

Our Company has received an In-Principle Approval dated April 20, 2022 from National Stock Exchange of India Limited for using its name in the offer document for listing of our shares on Emerge Platform of NSE. It is to be distinctly understood that the permission given by National Stock Exchange of India Limited should not in any way be deemed or construed that the content of the Prospectus or the price at which equity shares are offered has been cleared, solicited or approved by NSE, nor does it certifies the correctness, accuracy or completeness of any of the content of the Prospectus. For the purpose of the Issue National Stock Exchange of India Limited will be the Designated Stock Exchange.

The Issue is being made through the Fixed Price Issue process, the allocation in the Net Issue to the Public category is made as per Regulation 253(2) of the SEBI (ICDR) Regulations, 2018 as amended from time to time, wherein (a) minimum 50% of the net issue of shares shall be allocated to retail individual investors and (b) remaining to: (i) individual applicants other than retail individual investors; and (ii) other investors including corporate bodies or institutions, irrespective of number of specified securities applied for; Provided that the unsubscribed portion in either of categories specified in clauses (a) or (b) may be allocated to applicants in the other category.

All investors have participated in this offer through Application Supported by Blocked Amount ("ASBA") process including through Unified Payment Interface ("UPI") mode (as applicable) by providing the details of the respective bank accounts/UPI ID as applicable in which the corresponding application amounts were blocked by Self Certified Syndicate Banks (the "SCSBs").

DETAILS OF THE APPLICATION:

The Issue has received 1733 applications (before rejections and bids not banked) for 64,88,000 Equity Shares (Including Market Maker Application of 2,84,000 Equity Shares) resulting 1.15 times subscription. After considering technical rejections cases and bids not banked the issue was subscribed 0.97 times. Since this Issue was fully underwritten, hence Underwriter to the Issue has subscribed the shortfall of 1,89,000 Shares and accordingly Issue was subscribed to 1.00 time.

The details of the applications received in the Issue (before technical rejections but after bids not banked) are as follows:

DETAILS OF VALID APPLICATIONS RECEIVED (BEFORE TECHNICAL REJECTION AND AFTER BIDS BANKED)

*Subscription time have been computed on the basis of the issue size as per the Prospectus.

DETAILS OF BIDS NOT BANKED ARE AS FOLLOWS:

DETAILS OF APPLICATIONS REJECTED BY THE REGISTRAR ON TECHNICAL GROUNDS ARE AS FOLLOWS.

DETAILS OF VALID APPLICATIONS RECEIVED (AFTER TECHNICAL REJECTION):

ALLOCATION: The Basis of Allotment was finalized in consultation with the Designated Stock Exchange National Stock Exchange of India Limited on June 07, 2022.

The Board of Directors of the Company at its meeting held on June 07, 2022 has taken on record the Basis of Allotment of Equity Shares, as approved by the Designated Stock Exchange viz. National Stock Exchange of India Limited (NSE EMERGE) and has authorized the online corporate action for the allotment of the Equity Shares in dematerialised form to various successful applicants.

The CAN-cum-Refund Orders and allotment advice and/or notices are being dispatched to the address of the applicants as registered with the depositories / as filled in the application form on or before June 08, 2022. Further, the instructions to Self-Certified Syndicate Banks being processed on or prior to June 08, 2022 for unblocking fund. In case the same is not received within Four (4) working days, investors may contact at the address given below. The Equity Shares allocated to successful applicants are being credited to their beneficiary accounts subject to validation of the account details with the depositories concerned. The Company is taking steps to get the Equity Shares admitted for trading on the BSE SME within Six (6) working days from the date of the closure of the Issue. The trading is proposed to be commenced on or before June 10, 2022 subject to receipt of listing and trading approvals from the National Stock Exchange of India Limited.

INVESTORS, PLEASE NOTE

The details of the allotment made would also be hosted on the website of the Registrar to the Issue, Bigshare Services Private Limited at www.bigshareonline.com. All future correspondence in this regard may kindly be addressed to the Registrar to the Issue quoting full name of the first/ sole applicants, serial number of the application form, number of shares applied for and Bank Branch where the application had been lodged and payment details at the address of the Registrar given below.

THE LEVEL OF SUBSCRIPTION SHOULD NOT BE TAKEN TO BE INDICATIVE OF EITHER THE MARKET PRICE OF THE EQUITY SHARES ON LISTING OR THE BUSINESS PROSPECTS OF RACHANA INFRASTRUCTURE LIMITED.

Note: All capitalized terms used and not defined herein shall have the respective meanings assigned to them in the Prospectus.

The Equity Shares have not been and will not be registered under the US Securities Act (the "Securities Act") or any state securities law in United States and will not be Issued or sold within the United States or to, or for the account or benefit of "U.S. Persons" (as defined in the Regulations under the Securities Act), except pursuant to an exemption from, or in a transaction not subject to the registration requirements of the Securities Act of 1933.