AT THE 2018 ANNUAL GENERAL MEETING

Welcome to IFL Enterprises Limited 2018 Annual General Meeting.

On behalf of the IFL Enterprises Limited, I thank you for joining us today. Your presence is indeed a true testimony to your involvement with, and support for the Company.

India's textiles sector is one of the oldest industries in Indian economy dating back several centuries. Even today, textiles sector is one of the largest contributors to India's exports with approximately 11 per cent of total exports. The textiles industry is also labour intensive and is one of the largest employers. The textile industry has two broad segments. First, the unorganised sector consists of handloom, handicrafts and sericulture, which are operated on a small scale and through traditional tools and methods. The second is the organised sector consisting of spinning, apparel and garments segment which apply modern machinery and techniques such as economies of scale.

The Indian textiles industry, currently estimated at around US$ 108 billion, is expected to reach US$ 223 billion by 2021. The industry is the second largest employer after agriculture, providing employment to over 45 million people directly and 60 million people indirectly. The Indian Textile Industry contributes approximately 5 per cent to India's Gross Domestic Product (GDP), and 14 per cent to overall Index of Industrial Production (IIP).

The central government is planning to finalise and launch the new textile policy in the next three months. The policy aims to achieve US$ 300 billion worth of textile exports by 2024625 and create an additional 35 million jobs

During the Financial Year 2017618, your company has seen remarkable growth in monetary terms and recorded the revenue of Rs. 11,80,54,086 as compared to previous year's revenue of Rs. 3,23,27,657 resulted in a profit of Rs. 6,84,542 as compared to previous year in which we incurred loss of Rs. (9,27,786).

Though the present industry scenario is challenging, Your Company IFL

Enterprises Limited expects to sustain its growth on the back of various initiatives taken in the past and in the coming years. I am optimistic of our prospects when the sector rebounds.

I would like to thank all the stakeholders for their continued support.

With best regards,

Chairman