RDB Infrastructure and Power Ltd

Dear valued Shareholders,

I hope this message finds you and your loved ones in good health and spirits. It is with great pride and a deep sense of responsibility that I present to you our 18^th Annual Report for the Financial Year 2023-2024. As Chairman of RDB Realty & Infrastructure Limited, I am honored to lead one of the most esteemed and respected real estate companies in our industry. The real estate sector, the third-largest in our nation, is on a remarkable trajectory, poised to contribute over 13% to India's GDP by 2025 and reach a staggering market size of $1 trillion by 2030. The Indian economy, as highlighted by the World Economic Outlook, remains robust, projected to grow by 6.5% in the Financial Year 2024-25, outpacing many major economies. Despite global uncertainties, our economy's resilience is unmatched, positioning India to soon become the fourth-largest economy globally. This strength is a testament to our solid economic fundamentals, forward-thinking policies, prudent fiscal management, and the transformative structural reforms led by our government. With proactive and visionary leadership at the helm, India has accelerated its growth agenda with renewed vigor.

The rapid rollout of policies is set to further catalyze the Indian economy, enhance urban living, and elevate our residential offerings. Significant government investments in infrastructure, highways, railways, and other sectors are paving the way toward a prosperous future. We firmly believe that the real estate sector will be a cornerstone of India's economic advancement, driving employment, fostering macroeconomic stability, and contributing to societal progress. As we celebrate yet another successful year, I want to reflect on the remarkable strides we have made. We have not only expanded our portfolio but also solidified our position as a dominant force in both the commercial and residential real estate markets. Our success goes beyond numbers and statistics; it is about the profound impact we have made on the lives of our customers and the communities we serve. As one of the most experienced real estate companies in India, we are strategically positioned to address the country's urbanization and real estate needs, playing a pivotal role in India's growth narrative. We are unwavering in our commitment to fostering a sustainable future.

I am also pleased to share a significant development with you. Pursuant to the Scheme of Arrangement approved by the Board of Directors on December 17, 2022, we have successfully completed the demerger of the Realty division of the Company. As sanctioned by the Hon'ble National Company Law Tribunal, Kolkata Bench, on May 21, 2024, the assets, liabilities, and legal proceedings related to the Realty Business Undertaking have been transferred to our subsidiary, M/s RDB Real Estate Constructions Limited, with effect from the Appointed Date of October 01, 2022. Further, the said Scheme has become effective from July 26, 2024. This strategic move allows us to achieve focused growth in both our Realty and Infrastructure businesses, optimizing operational efficiency, and enhancing profitability. This demerger is not just a structural change; it is a strategic initiative designed to unlock greater value for our shareholders and position us for even greater success.

These figures underscore our ability to adapt and thrive, even in a challenging economic environment.

Beyond our business achievements, we continue to prioritize robust systems and processes to keep pace with emerging trends. Our focus on affordable and mid-range housing aligns with the Government of India's "Housing for All" vision, reinforcing our commitment to make a significant impact in the real estate sector.

Our commitment to social responsibility remains steadfast. Through the Sri S. L. Dugar Charitable Trust, we continue to make meaningful contributions to society, focusing on education and healthcare, and helping talented students achieve their dreams by enabling access to international education.

Despite facing significant challenges, we have navigated these with I resilience and determination. We remain confident in our ability to adapt to market changes, diversify our revenue streams, optimize our operations, and explore new growth opportunities. Our team's expertise, resilience, and adaptability are our greatest strengths, and I am confident that we will continue to overcome any challenges that come our way.

To our shareholders, I extend my deepest gratitude for your unwavering trust and support. Your investment in our company has been instrumental in our success, and I assure you that we will remain committed to create sustainable value, transparency, and accountability. To my colleagues, I thank you for your dedication, hard work, and commitment to excellence. Your efforts are the backbone of our organization, and I am honored to work alongside each one of you.

As we stand on the cusp of new opportunities, I am reminded that progress is achieved through resilience, innovation, and an unwavering commitment to our goals. At RDB Realty & Infrastructure Limited, we are more than just a business; we are a community driven by a shared purpose to build a sustainable and prosperous future for . all. The fact that the value of our Company's shares has multiplied many times over the past year is a testament to its robustness and resilience in an incredibly competitive market. We are committed to pushing the boundaries of what's possible, embracing challenges as opportunities for growth, and learning from every experience to strengthen our foundation. Our path forward is bright, fueled by collaboration, creativity, and a dedication to excellence. Together, we will continue to innovate, evolve, and set new standards in the real estate industry. I urge each of you to keep this momentum going, to remain dedicated, and to believe in our collective ability to shape a better tomorrow. Let us stride forward with confidence and determination, knowing that our best days are ahead of us.