NHIT — earnings call

The transcript as filed. Every paragraph is addressable: its link names the page and the position it sits at in the call.

Prepared remarks

Meeting Date

NATIONAL HIGHWAYS INFRA TRUST (NHAI INVIT)

Mrs Gunjan Singhi- We can start with the meeting now.

Can we start with a roll call for the

directors who are present do VC.

Mr Shailendra Narain Roy- Well, I am Shailendra Roy, director on NHA IT board, attending

Mr Mahavir Prasad Sharma- Not Clear

Mrs Gunjan Singhi- Thank you sir.

So, I welcome you all to the 3rd annual meeting of

National Highways Infra Trust.

Mr Bose, Okay I couldn't see him.

can you give your roll call?

Moderator- Mr Bose sir is not available in the meeting at the moment.

Mrs Gunjan Singhi- Okay.

He was trying to join.

So, I would request

that Mr Shailendra Narain Roy who is present here through VC and who's a chairperson of

the NRC committee and the stakeholders Relationship committee we appointed as chairman

for this meeting.

And then I will proceed with the business of the meeting.

Mr Shailendra Narain Roy- Not Clear

Mr Suresh Goyal-Thank you, sir.

Mrs Gunjan Singhi- So, we have Mr Shailendra Roy, Mr Bose.

Mr Suresh Goyal-He is there but May be his recording is not there.

Mrs Gunjan Singhi- Mr MP Sharma and Mr Pradeep Singh Kharola, who are present here.

And we also have the leadership team present at this meeting.

On behalf of Auditor Mr

Mohammed Azam Ansari has joined through VC.

We have Mr Mahindra Singh Chauhan on

behalf of trustee Mr Nilesh Jain on behalf of Mrs E & Y who are our valuer and Mr Rahul

Prabhishu is there.

As per the invent regulations we have been, we are conducting the 3rd

annual meeting through video conferencing for which we have sent a digital copy of the

notice to all the unitholders.

And we have tied up with our RTA K fin technology private

limited to provide facility of voting, remote E voting and in accordance with the invent

regulations, we have provided the facility to unitholders to exercise their votes on the

regulations that were proposed in the notice of annual meeting date 6 July through remote

And the E voting period remained open from 09:00 AM on the 26 July till 05:00 PM

on the 28 July we have appointed Mr Kushal Dalal of Mrs.

KD and associates, practicing

company secretary as a scrutinizer for this voting process.

And the consolidated voter results

would be available within 48 hours from the conclusion of this meeting.

permission of chairman, I call this meeting to order and with consent of all the unitholders

who are present.

I take the notice convening the meeting as read.

If the unitholders have

any queries or any suggestions, you may post it during this meeting.

So, the leadership team

NATIONAL HIGHWAYS INFRA TRUST (NHAI INVIT)

present here and the director present here are able to answer that in the annual meeting

notice we have proposed four resolutions for passing by the unitholders.

First is to consider

and adopt the audited standalone financial statements and consolidated financial

statements of National Highways Infra Trust as that financial year ended the 31 March 2024,

along with the report of Auditors and the report on performance of the trust.

item is to consider and adopt the valuation report of assets of the trust for the financial year

ended the 31 March 2024.

The third item is to consider and approve the appointment and

remuneration of valuer of the trust for the period up to the 30 November and the fourth

item is to consider and appoint the consider in point the valuer of the trust from the 1

December onwards until the conclusion of annual meeting of unitholders to be held in the

So, if the unitholders have any queries or any suggestions you will kindly post it

and we are here to answer them.

Mr Raju we will wait for any query by the unit holders and

then we will open the voting line for those who are not voted through remote E voting.

Moderator- During the Insta poll.

Also, they can write their queries Madam, and if there is

any queries post the meeting will forward you for response from your side.

Mrs Gunjan Singhi- Yes, yes So, we will wait for a few minutes.

Moderator- No problem.

Mr Suresh Goyal- So, looks like that there are no immediate queries, but like the moderator

said that even if there are queries later, we will be able to respond to them.

resolutions are of regular nature in terms of the business, so the accounts have been

approved, audited and approved by the board and being put up to the unitholders.

have been audited by the statutory auditors without any qualifications and the statutory

auditors are available to answer any questions.

Same thing for the valuation report.

same valuer that has been with us since inception and they have applied the same principles

in the valuation that have been not only used for the valuation but also being used for

acquisition of new assets.

And then we have the appointment of new valuer EY because the

term of the previous valuer is getting over this year and as per the regulation, we needed to

change our valuers and through an RFP process we got EY to come on board, which has also

been approved by the board for onward decision to the unitholders and given that EY is a

reputable company as well as is valuer of other inmates also should give you confidence.

there are any questions, like Gunjan said, we would be happy to take them now.

Alternatively, we are available through this process to take on questions and we'll respond to

you who have made themselves available for this.

We appreciate your time, sir.

And I think it's been a while since we post this and there are no questions.

Mrs Gunjan Singhi- Yeah, we can close.

And I thank all the unitholders for their participation

in this meeting. and can close this meeting now.

Mr Shailendra Narain Roy- Thank you.

Thank you so much.

Neo Infra Income Opportunities Fund- Thank you, sir.