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Rudrabhishek Enterprises Ltd.

BSE: 535095 Sector: Infrastructure
NSE: REPL ISIN Code: INE364Z01019
BSE 05:30 | 01 Jan Rudrabhishek Enterprises Ltd
NSE 00:00 | 12 Aug 191.05
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Rudrabhishek Enterprises Ltd. (REPL) - Chairman Speech

Company chairman speech

Dear Shareholders

First of all I hope and wish that all of you along with your families and near onesare in a very sound health. In the challenging times we derive strength from solidarityand mutual care. Under this climate of shared emotional bonding I am honored to bring toyou the annual report of REPL for FY 2020-21.

It may sound something like over-generalization but fundamentally every business is inthe business of handling uncertainties. Any organization which has apprehensions aboutconfronting the unpredictable cannot sustain in business for any considerably long periodof time. It is the ability of a company to anticipate broader contours of future changes;develop resilience to absorb the transitory impact and agility in quickly making amends toreconcile advantageously with the new opportunities that every change inevitably brings.REPL has successfully navigated through multiple watershed changes over its nearly threedecades' long journey. This characteristic has now deeply seeped into the core of ourorganizational culture. We seek resilience from it and build on the evolving curve of newbusiness equations however complex and daunting it may seem.

The Year of Consolidation

In this period of unprecedented challenge we have focused on consolidating ourbusiness. We concentrated on smoothly completing the milestones of on-going projectsstrengthening relationship with our clients and improving the internal processes to makethe company readyfor next growth lap.To keep up the profitability margins we have cutdown ouroperational cost and overheadsto optimal level.

During the previous financial year we have continued to add new projects to ourportfolio and build the work-order pipeline to ensure steady revenue inflow in quarters tocome. We have been awarded with many prestigious projects of large scale includingPreparation of Master Plan 2041 for Greater Noida; Vetting of GIS Base Maps in Jammu;Eklavya Model Residential School in Odisha; GIS Based Master Plan in Uttrakhand &Karnataka; City Street Vending Plan in Assam; Rehabilitation & Sewerage ManagementSystem in Kerala; Government Medical College & Hospital in Andhra Pradesh; NationalHighway project in Manipur among other projects from various arms of our business. Thisway we have also been expanding to new territories. Owing to our increasing industryreputations and quality deliverance new clientele is getting associated with us alongwith the existing ones.

Advantageous Business Positioning

I would like to draw your attention at a few crucial factors related to policy leveldirections that work hugely in favor of REPL's journey ahead. Ever since the centralgovernment has set the target of putting India into the league of strongest and fastestgrowing economy the emphasis on infrastructure strengthening has increased manifold.Year-on-Year every government has been coming up with large scale programs in eachsegment across infrastructure support to enable growth of all other industries. Now timeand again the Hon'ble Prime Minister has been strongly advocating for Atma NirbharBharat' & 'Make in India' drive. This means the Indian companies will be encouragedand incentivized for taking lead in all economic activities. This works uniquely in favorof REPL as we are probably the only NSE listed Indian Company which is in a position ofproviding end-to-end consultancy in infrastructure domain. Overall it means that REPL isrightly placed at right time in right business environment.

Evolving Modes of Operations

It is widely being put as a concern that the post pandemic era will impel the companiesto make changes in the way works are done. This will also put additional constraints andhindrances. We have an entirely different take on this aspect. We firmly believe that thenew working conditions will precipitate changes that were anyway long awaited. For thefaster delivery of projects the physical movement of people and documents need to becurtailed; advance technological solutions need to be applied not just as necessity butrather as advantage. For instance the bid-process of most of authorities have largelybecome online which naturally brings speed and transparency in the process. Meetingsconcerning multiple stakeholders are migrating to virtual mode through video conferencingresulting into the saving of precious man hours removing of travel and facilitatingquicker decision making. For the consultancy organizations like ours this gives furtheredge.

Since a long time we have been investing on strengthening our IT infrastructure whichproved to be tremendously beneficial in the current situation what we call 'new normal'.Presently we are fully capable of providing remote support to our employees as well theclients. Simultaneously we have been highly attentive to the 'data security' aspects. Wehave Virtual Private Network (VPN) installed at the office locations. Additionally we haveprovided Virtual Desktop Infrastructure (VDI) and Remote Desktop Services (RDS) also toensure data safety.

Data Analytics for Urban Development

As they say 'data is new oil'. We have already been seeing its tremendous applicationin multiple business domains such as e-commerce financial services and consumer goods.Its systematic use in the real estate and infrastructure business is still to be harnessedproperly. Over the course of three decades of operations we have planned and executedprojects of large scale in various parts of the country. This gives us an incredible datarepository that can be systematically analyzed for business intelligence in all futureassignments. We are proactively working in this direction and making the requiredinvestments. Our objective is to build a robust software integrated with an ERP systemthat will throw useful analytical output for future projects based on the data gatheredthrough previous experiences. This will not just increase the accuracy of decision makingin terms of planning and designing but also save cost and time by supporting efficientproject management activities. We have further plans to extend the use of software for theother companies in the sector which can be customized as per the need of respectivecompanies enabling them to use their own historic data meaningfully. In addition toincreasing the profitability of our own projects this has a huge scope of generating aparallel revenue stream for us.

Increasing Environmental Concerns

The current pandemic is again bringing the prominence of environmental sustainabilityaspect at the center of all large scale infrastructure and urban planning projects.Globally people have learnt it hard way that a small imbalance in the environment canradically disrupt our lives and bring the economic growth to complete halt. I would liketo appraise it to our stakeholders that REPL has always kept the environmental andsustainability aspect as an integral and indispensable part in every project planningdesign and execution. We incorporate the sufficient scope of green areas & waterbodies; usage of local construction materials and regional flora in landscaping; use ofrenewable resources such as solar energy; harnessing the rainwater; recycle of wastewater; solid waste treatment and similar other components. Being environmental friendlyand socially responsible are among our explicitly stated corevalues: 'Build ResponsiblyUse Sensibly’.

BusinessOutlook& Expansions

We operate in the consultancy space with broader focus on infrastructure and urbandevelopment.

However we have never confined ourselves only to whatever we have been doing in past.The trademark approach of REPL has been to keep adding on our skill sets and expertiseareas to leverage into new consultancy assignments that are natural progression to ourexisting businesses.

In recent past we got into new sectors such as Highways Metro Rails & MedicalColleges which we have not been traditionally doing in particular. For quite some timewe have been working on application of ICT Solutions on our large scale projects such asSmart Cities. Now we look forward to the stand alone ICT projects in other areas. RecentlyREPL in consortium with RIPL has been empaneled by Ministry of Communications- DoT (GOI)for Third Party Audit of Last Mile Access under Bharat Net Project. The empanelment is forone year extendible up to five years. This is a very significant advancement in our ICTbusinessline.

Likewise the application of GIS on urban planning projects has been our forte sincemany years. We have subsequently started picking GIS projects in new domains such asland-record digitization and property tax. We are at advance level of preparation formaking inroads into Ports and Tourism Infrastructure. Skill India Mission is anotherdomain that we have already entered keeping in sync with the increasing nation-widerequirement of job-oriented trainings of youth.

Going ahead we would also be exploring the possibilities of merger of smallercompanies with sound business model and similar ethical business approach like ours.Depending on the nature of opportunities that present to us we will evaluate and work outthe suitable mechanisms for further opinion of our shareholders in the matter. Marketparticipants & investor community have realized the intrinsic growth prospect ofREPL's business as a result of which we have been able to provide tremendous returns toour shareholders. We stand firmly resolved to keep up that trend and foster growth foreach of the stakeholders.

Once again I wish all of you the best of health and urge you to take utmost care ofyourselves.

PradeepMisra

Chairmans Managing Director

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