Dear Deepgis
Please follow the below links, it may help you.
Share your results if this helps.
http://www.geoplanit.co.uk/?p=33
https://gis.stackexchange.com/questions/63274/how-to-convert-cad-annotation-to-shapefile-with-attributes
https://gis.stackexchange.com/questions/16250/shapefile-attributes-to-autocad-annotation
thanks and regards