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Nila Infrastructures Ltd.

BSE: 530377 Sector: Infrastructure
NSE: NILAINFRA ISIN Code: INE937C01029
BSE 00:00 | 20 Sep 4.84 0.31
(6.84%)
OPEN

4.66

HIGH

5.14

LOW

4.61

NSE 00:00 | 20 Sep 4.85 0.25
(5.43%)
OPEN

4.60

HIGH

5.15

LOW

4.50

OPEN 4.66
PREVIOUS CLOSE 4.53
VOLUME 44070
52-Week high 10.58
52-Week low 4.00
P/E 8.96
Mkt Cap.(Rs cr) 191
Buy Price 4.84
Buy Qty 314.00
Sell Price 4.84
Sell Qty 206.00
OPEN 4.66
CLOSE 4.53
VOLUME 44070
52-Week high 10.58
52-Week low 4.00
P/E 8.96
Mkt Cap.(Rs cr) 191
Buy Price 4.84
Buy Qty 314.00
Sell Price 4.84
Sell Qty 206.00

Nila Infrastructures Ltd. (NILAINFRA) - Chairman Speech

Company chairman speech

Dear Reader

As usual I would like to start off with an anecdote. Much before his company became a$100 Billion e-commerce giant this business leader (whom I will name later) had a highlylucrative job as Senior Vice President in a hedge fund company. One day he went to hisboss to discuss a newstart-up idea. The mentor-boss thought it was a highly riskyproposition more so because his junior had a brilliant finance career to look forward to.Of course it made sense. So at first this person struggled between letting go off astable job and venturing into the unknown. What made his decision easyRs. He calls it his'regret minimization framework.' He imagined himself as an 80-year old man looking back onhis life choices. In his own words "I knew that when I was 80 I was not going toregret having tried this...I knew that if I failed I wouldn't regret that. I knew the onething I might regret is not ever having tried. And I knew that would haunt me everyday." Could you guess who this business legend wasRs. Well it was Jeff Bezos ofAmazon the world's largest online retailer in terms of revenue and market capitalization.

When we were deciding on whether to go ahead with the demerger of the real estatebusiness from NILA Infrastructures 'regret minimization1 was the dominantsentiment. The other aspect of this decision comes from numerous studies carried out tounderstand the entrepreneur mind-set. Such studies attempted to find out if entrepreneursdisplayed a greater risk-taking tendency. The conclusion was striking - entrepreneursexhibited risk-taking behaviour no different from the general population. However therewas a critical distinction. Entrepreneurs were much more confident than others about theirown ability to tackle the risks. They also had a brighter outlook on their business.

Besides not having to regret doing things we also had confidence in ourselves ourpeople stakeholders and associates. That brings me to an important question. If he hadnot taken that leap of faith and confidence would he have been called the 'great' JeffBezosRs. Isn't all the praise appreciation and adulation coming his way now a result ofthe risks he tookRs. So aren't we all as good as the risks we takeRs.

While risk-taking is part and parcel of being an entrepreneur looking at biggeropportunities to grow it can never be a gamble an unplanned risk. We did not go into thedemerger with our eyes closed. We knew it had benefits like clearer demarcation ofbusiness boundaries becoming a pure-play infrastructure company management and investorsspecialised in infrastructure removal of market confusion about our business modelbetter credit profile and ultimately why we did it - unlocking greater value for ourstakeholders and investors.

We are quite sure this move will bear fruits down the line both for the demergedcompany NILA Infrastructures Ltd. and the resultant company NILA Spaces Ltd. Results inthe year F.Y. 2018 are already encouraging. Although turnover growth has slowed down abit profit has shown a good jump. Our order book size has seen substantial expansion ofone and a half times every year for the last five years indicating a turnover upswing andits sustainability in the future. We are quite optimistic about the future; we seeourselves riding the economic tailwinds of proactive government measures like 'Housing forall by 2022' and 'Smart Cities.1

All this talk about risk and demerger would have been just thin air were it not for thesupport and belief of our stakeholders investors people associates and well-wishers. Wethank all of you from the bottom of our hearts for standing solidly behind us at thisturning point in our history.

Today we assure you one thing. We will give our everything to justify your faith in usand our decision. We will rise to the occasion and deliver. So that you can look back atthis moment in time some years from now and say we were as good as our word; we were asgood as the risk we took.

MANOJ VADODARIA

CMD - NILA Infrastructures Limited