Copy of Newspaper Publication

KAUSHALYA TNFPRASTREUCTURE An SO 9001-2008 Company Date: 02-09-2026 The Listing Department, The Listing Department, BSE Ltd. (Designated Stock National Stock Exchange of India Ltd. Exchange) Exchange Plaza, Bandra Kurla Complex, PJ Towers, Dalal Street, Bandra (E), Mumbai- 400 001 Mumbai - 400 051 Stock Code: 532925 Stock Code: KAUSHALYA Subject: Newspaper Advertisement - Public Notice to the Members for the 34t Annual General Meeting (“AGM”) of the Company scheduled to be held on Monday, September 28, 2026 through Video Conferencing (“VC”)/Other Audio-Visual Means (“OAVM”) Dear Sir/Madam, Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we are enclosing herewith copy of newspaper publication of the advertisement published on the subject matter on 02 September, 2026 in the following newspapers: 1. Business Standard - English 2. Arthik Lipi - Bangla This is for your record and reference. Thanking you, Yours faithfully, For Kaushalya Infrastructure Dev. Corp. Ltd. SANIAY seivi, LAL GUPTA B35 Sanjay Lal Gupta Whole-time Director & Company Secretary DIN: 08850306 Enclo: as above KAUSHALYA INFRASTRUCTURE DEVELOPMENT CORPORATION LIMITED HB 170 Sector IIL, Salt Lake, Kolkata 700 106. Ph & Fax: 91-33-2334 4148 Email: info@kaushalya.net, Website: http:/Avww kaushalya.net CIN —L51216WB1992PLC055629 ECONOMY & PUBLIC AFFAIRS 15 Business Standard KoLkaTA | WEDNESDAY, 2 SEPTEMBER 2026 We are all children of lib eralisation: UR Bhat PHOTO: KAMLESH PEDNEKAR cation. Relyingon inherited studying how global asset ‘mous backlogs, prolonged 4 @yea{s of ‘privileges was notan option, managementbusinesses delays, and limited account- andwe had to earn our spurs. operated. By 1995, we were ability needsstructural liberalisatig:n My fatherwas a doctor, ‘managingabout abillion dol- transformation. Police and my grandfather, the first larsinvested in India, reforms are equally impor- postgraduate from our dis- makingus the largest FITin tant. Citizens should not fear trictand later became a pro- the country at the time. T arbitrary processes ina fessor. But after land reforms, stayedwith Jardine Fleming ‘modern democracy. the message was clear: If you for nearlya decade. During Land reforms also needa Most things in life just wanted to succeed , you had that period, the firm went second chapter. Without happen. Weareallchildren toexcel academically. through a seriesof ownership easier consolidation and ofliberalisation, we wouldrit Thatenvironment changesand eventually more efficient land markets, be here without economic ‘pushed many of us to pursue became part of JPMorgan. Indiawill struggle toachieve reforms. Butanother reform higher education with an The philosophy there was scale inagriculture, manu- that shaped my life hap- intensity that perhaps would straightforward: Ifa business facturingand infrastructure. pened much carlier — not have existed otherwise. I could notbecome one of the Municipal governance land reforms. eventuallyearned an MScin topthreeplayersin its cat- requires urgentattention. Iwas born intoa family of Physics from ITT Kanpur. At egory, itwas bettetro exit. JP Many of the problems thelanded gentry in Kama- the time,T imagined alife in Morgan eventually soldits citizens face every day — taka. We owned several science. Life, however, rarely domestic MF operations and unsafe buildings, poor urban hundred acres . Like many followsa straight line. focused onts larger interna- planningand weaklocal landlord families of that era, Adisagreementwithmy tional investment business. administration — originate wedid not cultivate theland ‘mentor changed everything After mycommitments at atthe municipal level. ourselves. Tenant farmers andeventually convinced me JP Morgan ended, another Education mustbecome workedthe fields, and agri- thatalong-term careerin opportunity emerged. My ‘more employment-oriented culture provided the science was not for me. friend Andrew Dalton, who and aligned withthe needsof family’s economic founda- Shortly thereafter, Isaw hadbeen vice-chairmanof amodern economy. And, tion. Toftenjoke that, but for anadvertisement from Mercury Asset Management perhaps mostimportantly, reforms, I might have beena Indian Bank seeking proba- — the largest asset manage- the quality of public landlord sitting in my village tionary officers. This was the mentcompanyin Europe — discourse needs toimprove. rather than someone who period immediately after andl aterv ice-chairman of Democracies functionbest spent decades in the finan- bank nationalisation, when Merrill LynchInvestment ‘when debates are informed cial markets. publicsector banks were overseeitnhge industry— CCINDIA HAS COME A Board of India (Sebi). Sebi rules and regulations.” Managers, approached me by facts rather than noise. Weareliving with the expanding rapidly. Isat for we gotalicence fromthe LONG WAY SINCE 1991... was given statutory powersin Bythen, I had travelled to withan idea tosstartsome- India has come a long way consequences of Jawaharlal the examination, andsoon Reserve Bankof IndiaW.e BUT SUSTAINING THAT 1992, butnobodyhad for- the United States and studied thingtogether. That became since1991. The countryis Nehru'stwomajor initiatives ‘my banking career began. ‘wereoperating under broad PROGRESS WILL mally told us that Sebiwas how investment companies Dalton Capital. Andrew was stronger, more competitive —land reforms and job reser- Indian Bank gave me banking guidelines and REQUIRE NEW nowthe regulator for MFs. and MFswere structured in exceptionally well-con- and confident. Butsustain- vation. Some oft hese long- opportunities Tcould never figuring things out as we REFORMS. IF THE PAST One day, I wassummoned ‘more developed markets. T nected in global investment ingthat progress will require term effects have proven have imagined. I worked in wentalong. 30 YEARS WERE ABOUT byasenior Sebi official. He prepareda framework outlin- circles and raised about $4 anew generation of reforms. beneficial. Itwas notimple- overseasoperations, spent My firstideawasafixed- OPENING THE looked at the Ind Jyothi inghow MEs shouldbe billion. Welaunched the Ifthe past 30 years were mented uniformlyall over several years abroad and income fund. Atthe time, ECONOMY, THE NEXT scheme and told me towith- organised and regulated. Dalton India Fund, which about opening the economy, the country, but South India eventually returnedto bankdeposits offered 8-9 30 MUST BE ABOUT draw itimmediately. Tgenu- Muchof the early regulatory managed. Fora period, itwas the nex3t0 mustbe about did abetterjobthanother head one of the bank’s percent interest, whilehigh- STRENGTHENING inely did not know Sebiwas structure that Sebieventually among the best-performing strengtheninginstitutions. regions, Ibelieve. Asa result, mostimportantbranches quality corporate bonds INSTITUTIONS) the regulator; we had introduced was based on offshore India funds. That, in my view, is the welostall our landI still in Mumbai. yieldedabout 11-12 per cent. received ourlicence from the those inputs. None of this would have unfinished business of remember my father goingto ‘When Indian Bank Banks themselves were lend- RBIand had been operating By1994, Thad completed happenedwithout the econ- India’s developmentstory. the collector’s officeafterthe received alicence to launch a ingto companies at 14-15 per underits framework. fiveyearsat Indian Bank ME. omicreformsof1991, which government acquired our Itold him, “Ican’twith- URBhatisco-founderand mutual fund (MF) in 1989, my cent. Itseemed obvious to crore,which was asubstan- Publicsector bankshad strict also laid the foundation fora land. The compensation chairman called me andsaid, me that if we invested in tialamount those days. Later, draw the scheme. It has rules on postings and depu- vibrantequity market. Land directorat Alphaniti Fintech. offered was someagre that he “We have got alicence. Now good corporate bonds, we we launc [Showing first 8,000 characters — download PDF for full document]