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Joy Realty Ltd.

BSE: 508929 Sector: Infrastructure
NSE: N.A. ISIN Code: INE433O01024
BSE LIVE 05:30 | 01 Jan Stock Is Not Traded.
NSE 05:30 | 01 Jan Stock Is Not Traded.
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Joy Realty Ltd. (JOYREALTY) - Chairman Speech

Company chairman speech

Over the past several years the Board has overseen the firm's evolution and growth.

The Board strives continually to take a proactive approach to ensure that theappropriate structures and processes are in place to facilitate independent and effectiveoversight of operations capital deployment strategic growth initiatives and riskmanagement practices. The Board takes great pride in the systems of strong corporategovernance it has built which we believe serve as the foundation for enduring successand shareholder confidence. Despite ongoing challenging market conditions and cyclicalbouts of economic turbulence Joy Realty Limitedstrived to delivered positive earnings toshareholders in 2015-16.

The Board also spent a considerable amount of time on its own renewal andself-assessment.

The Board remains committed to working closely with management to ensure the Companyhas the appropriate business structure to endure through leaner times but more importantlypreserves its ability to outperform in better markets. With the hope that good days trulylie ahead let us all look forward to higher growth; more enterprise; less red-tape; andwith these the next phase of your Company's growth.

We will continue to prudently balance strategic growth with sound risk managementpractices. I am confident Joy Realty Limited has the right business model the rightleadership and an outstanding and dedicated workforce to continue driving growth andcreating shareholder value. Once again I extend thanks to my fellow directors for theirongoing commitment. On behalf of the Board I would also like to thank you ourshareholders for your support. We remain committed to working on your behalf.

Yours

Sd/-

Mr. Jayant B Soni

Chairman

DIN No: 00131959

Joy Realty Limited