Nila Infrastructures Limited received Letter of Acceptance from Gujarat Housing Board for construction of housing units. Name of the entity awarding the work: Gujarat Housing Board. Significant terms & conditions of the work order: The project awarded to the Company is for the redevelopment work, of Integrated Group Housing Facility.

The project envisage construction of 300 High Income Group (HIG) housing units + 18 Shops for total development cost of almost INR 1,427.3 Million. The project shall be on PPP basis whereby the Company shall be entitled to the amount of realization of additionally constructed 580 housing units and 6 commercial shops as consideration. Nature of Work The work is for construction of affordable h;u&fig units on PPP basis.

Time period of execution: 28 Months including 4 Months of approval process. Size of the work /broad consideration: Construction of 300 High Income Group (HIG) housing units + 8 Shops for total development cost of almost INR 1,427.3 Milliion.