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Sadbhav Infrastructure Projects Ltd.

BSE: 539346 Sector: Infrastructure
NSE: SADBHIN ISIN Code: INE764L01010
BSE 00:00 | 10 Aug 16.65 0.20
(1.22%)
OPEN

16.35

HIGH

16.70

LOW

16.35

NSE 00:00 | 10 Aug 16.70 0.30
(1.83%)
OPEN

16.70

HIGH

16.90

LOW

16.15

OPEN 16.35
PREVIOUS CLOSE 16.45
VOLUME 26242
52-Week high 60.35
52-Week low 10.90
P/E
Mkt Cap.(Rs cr) 586
Buy Price 16.65
Buy Qty 60.00
Sell Price 16.70
Sell Qty 620.00
OPEN 16.35
CLOSE 16.45
VOLUME 26242
52-Week high 60.35
52-Week low 10.90
P/E
Mkt Cap.(Rs cr) 586
Buy Price 16.65
Buy Qty 60.00
Sell Price 16.70
Sell Qty 620.00

Sadbhav Infrastructure Projects Ltd. (SADBHIN) - Chairman Speech

Company chairman speech

Dear Stakeholders

Sadbhav Infrastructure Project Limited (SIPL) a subsidiary of Sadbhav EngineeringLimited (SEL) has been thriving upon its competencies gained over the years since itsinception. SIPL has been one of the key contributors in infrastructure sector dedicatedfor the nation building and playing an important role in the development operation andmaintenance of highways roads and other service infrastructure. SIPL is on the verge ofcompletion of entire lifecycle (i.e. Bidding Financial Closure Construction TollCollection O&M Refinancing and selling of stake) of road projects by selling stakein 9 operational assets (MBHPL is currently held by Sadbhav Engineering Limited SIPL'sparent company). Company shall follow the strategy of churning of the assets once theprojects have reached mature stage. Economic environment has changed in last year due tovarious setbacks in the country however your Company has withstand all those hurdles andhas emerged much stronger.

SIPL is a listed Company undertaking Built Operate and Transfer (BOT) Projects in Roadand Highways Sector. SIPL has a sound portfolio of 22 projects that consists of 10 BOT(Toll) projects (9 are operational and 1 is partially operational) 1 operational BOT(Annuity) project and 11 Hybrid Annuity Mode (HAM) under construction projects. Totalproject cost involving the projects (including under construction) is approximately INR206 Billions. Nine out of 11 operational projects have received credit rating of A- orabove.

Moreover your company has executed share purchase agreements (SPAs) and otherancillary agreements on 1st July 2019 inter-alia with IndInfravit Trust aninfrastructure investment trust for the proposed sale of 100% of the equity shares heldin 9 subsidiary companies (MBHPL is currently held by Sadbhav Engineering Limited SIPL'sparent company) for an enterprise value of ` 66112 million (including equity value of `25462 million). The Proposed Transaction is subject to completion of the conditionsprecedent and other additional conditions as detailed under the said SPAs. Company hasalso entered into Right of First Offer (ROFO) agreement with IndInfravit Trust forexisting and future operational assets.

Along with completion of the Proposed Transaction the Company will continue to focuson its core competence of developing new roads. Your Company proposes to utilise the saleproceeds from the Proposed Transaction for bidding on new road projects injecting equityin the current under-construction projects and to prepay debt.

Your Company has been focusing on training and development of its employees. We havecreated a cohesive internal culture provide equal opportunity of growth to all theemployees and provide all the perks and remunerations as per the industry standards andstatute. Our internal SOPs have been aligned keeping in view safety health andenvironment norms. Your Company keeps on increasing efficiency by utilizing advancedtechnologies. We are committed to make continuous improvements in the bottom line of thecompany.

Stakeholder engagement with all the stakeholders through various means available is theimportant aspect of your Company's sustainability strategy. We take feedbacks and use itto make our processes and performance better.

I am thankful to all the shareholders customers government authorities financerssuppliers vendors employees and community at a large for supporting us in serving thenation and excel on it. On behalf of the board of directors I assure you that yourcompany will keep on traversing on the high performance trajectory and will set newbenchmarks of excellence in years to come. I would like to thank the entire team at SIPLfor their untiring efforts and persistent commitment to achieve the high goals we haveset.

Regards

Shashin V. Patel Chairman