Ishwar Bhuvan Hotels Ltd Updates on Open Offer

Fedex Securities Ltd ("Manager to the Offer"), on behalf of ANS Constructions Ltd & Smt. Sangita P Bansal ("Acquirers") has issued this Public Announcement to the equity shareholders of Ishwar Bhuvan Hotels Ltd (Target Company), which is in continuation of and should be read in conjunction with the original Public Announcement ("PA") dated December 23, 2006, pursuant to and in compliance with Regulations 10 & 12 of the Securities and Exchange Board of India (Substantial Acquisition of Shares & Takeovers) Regulations, 1997 and subsequent amendments thereof. The Shareholders of the Target Company are requested to note the following:

The Revised schedule of activities is as follows:

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Activity				Original Schedule		Revised Schedule
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Specified Date				January 13, 2007		January 13, 2007
Date of Opening of the Offer		February 14, 2007		March 07, 2007
Date of Closing of the Offer		March 05, 2007			March 26, 2007
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Source : Equity Bulls

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