PSP Projects Limited — AGM Information 2018

Sep 27, 2018

Ref No: PSPPROIECT/SE/67/18-19 September 27, 2018

Corporate Relations Department Listing Department Scrip code: 540544 Scrip Symbol: PSPPROIECT

BSE Limited National Stock Exchange ofIndia Limited Floor 25, PJ. Towers, Exchange Plaza, Bandra Kurla Complex, Dalal Street, Mumbai- 400 001 Bandra (East), Mumbai - 400 051

Dear Sir/Madam,

Sub: Summary of Proceedings of the 10th Annual General Meeting (AGM) of the members ofthe companyheld on September 27, 2018

With reference to the subject and pursuant with Regulation 30(2) read with Part A of Schedule III of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we enclose herewith summary of proceedings of 10th Annual General Meeting of the members of the company held on September 27, 2018 at 11:00 AM. at H. T. Parekh Convention Centre, Ahmedabad Management Association, AMA Complex, ATIRA, Dr. Vikram Sarabhai Marg, Ahmedabad~380015.

The voting results ofthe 10th Annual General Meeting as required under regulation 44(3) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 will be declared and intimated to BSE Limited and the National Stock Exchange of lndia Limited separately and the same will also be hosted on the company's website and website of Karvy Computershare Private Limited, platform through which e-voting facility was provided.

Kindly take the above on your record.

ThankingYou.

For PSP Projects Limited

l / Mitta i Christachary Company Secretary

Encl: As above

SUMMARY PROCEEDINGS OF THE 10TH ANNUAL GENERAL MEETING OF MEMBERS OF PSP PROJECTS LIMITED

The 10th Annual General Meeting ("AGM") of the members of the company was held on Thursday, September 27, 2018 at 11:00 AM at H. T. Parekh Convention Centre, AhmedabadManagementAssociation (AMA) Complex, ATIRA, Dr. Vikram Sarabhai Marg, Ahmedabad 380015, Gujarat.

Sr.no	DirectorsAttendance	DirectorofCategory
1.	PrahaladbhaiPatelMr.	DirectorChairman& CEO, Managing
2.	PatelMrs.Shilpaben	WholeTimeDirector
		of(ChairpersonCSRCommittee)
3.	PatelMs.Pooja	DirectorExecutive
4.	VasishthaPatelMr.	DirectorIndependent
		ofAudit(ChairmanCommittee)
5.	ShahMr.Chirag	DirectorIndependent
		NominationRemunerationof(Chairman&
		andStakeholderChairmanofCommittee
		RelationshipCommittee)
6.	ShahMr.Sandeep	DirectorIndependent

The following Board members were present at the 10th AGM ofthe company:

Mr. Prahaladbhai Patel, Chairman, Managing Director & CEO chaired the proceedings of the AGM.

After welcomingall the members present, the Chairman introduced the Board members, Company Secretary 8; Compliance Officer, Chief Financial Officer and Statutory Auditor ofthe company present on the daisto the members of the company.

The Secretarial auditor was also present at the AGM.

As the requisite quorum i.e. 47 members and 1 Proxy representing 26,355,765 equity shares being present, the Chairman called the meeting in order and commenced the proceedings of the meeting.

The Chairman then informed the members that the Statutory Registers and Proxy registers and other documents has been kept open and available for inspection of members.

He then addressed the members and presented the key highlights of the company's performance in F.Y. 2017-18 includingsome recent developments of the company.

'PSP House', Opp. Celesta Courtyard, Opp. Lane of VikramnagarColony, ISKCON -Ambali Road, Ahmedabad-SBO 058. Phone : O79 - 2693 6200, 2693 6300, 2693 6400 | Fax No. : O79 - 2693 6500 | Email : lnfo@pspprojects.com| URL : www.pspprojects.com CIN : L45201GJ2008PL0054868

With the consent of the members present, the Notice of the 10th Annual General Meeting alongwith the Audited Financial Statementsforthe year ended March 31, 2018, together with the Directors' Report, Corporate Governance Report, Management Discussion and Analysis Report and Statutory Auditors' Reports were taken as read.

Thereafter under the instruction ofthe Chairman, the Company Secretaryofthe company informed the members that in compliance with provisions of Section 108 of the Companies Act, 2013 read with the Companies (Managementand Administration) Rules, 2014 including amendment thereof and applicable provisions of SEBI (LODR) Regulations, 2015, the Company provided remote e voting facility to its members and it was commenced on Monday, September 24, 2018 at 9:00 AM and ended on Wednesday, September 26, 2018 at 5:00 PM.

She further informed that there will be no voting by show of hands and members who have not casted their vote by remote e-voting, may cast the same through the Ballot Paper availablein the meeting and the members who have casted vote through remote e-voting, are not entitled to cast their vote through ballot papers.

Thereafter, as there were no qualifications, adverse remarks or observations in the Statutory Auditor's Report 8; Secretarial Audit Report, the same were taken as read by the Chairman, as requested by the shareholders presentin the meeting.

The following eightresolutions as set out in the Notice ofthe 10th Annual General Meeting were put for Members' consideration and approval:

Ordinary Business:

• 1. To receive, consider and adopt
  • A. the AuditedStandalone Financial Statements ofthe Company for the financial year ended March 31, 2018, together with the Reports ofthe Board of Directorsand the Auditorsthereon;
  • B. the Audited ConsolidatedFinancial Statements of the Company for the financial year ended March 31, 2018, together with the Reports of Auditors thereon. (OrdinaryResolution]
• 1. To declare a Final Dividend of Rs. 5 per fully paid equity share for the financial year ended March 31, 2018 (OrdinaryResolution)
• 1. To appoint a Director in place of Mr. Prahalad S. Patel (DIN: 00037633), who retires by rotation and, being eligible, offers himselffor re-appointment. (OrdinaryResolution]

'PSP House', Opp. Celesta Courtyard, Opp. Lane of VikramnagarColony, ISKCON -Ambali Road, Ahmedabad-SBO 058. Phone : 079 - 2693 6200, 2693 6300, 2693 6400 I Fax No. : 079 - 2693 6500 | Email : info@pspprojects.com| URL : www.pspprojects.com ClN : L45201GJ2008PL0054868

• 1. To appoint M/s. Kantilal Patel & Co., CharteredAccountants,Ahmedabadas one ofthe Joint Statutory Auditors of the Company to hold office for a period of 5 (Five) consecutive financial years, from the conclusion of the 10th Annual General Meeting of the Company until the conclusion of the 15th Annual General Meeting of the Company and to authorise the Board of Directors of the Company to fix their remuneration. (OrdinaryResolution)
• 1. To appoint M /s. Riddhi P. Sheth & Co., Chartered Accountants, Ahmedabad as one of the Joint Statutory Auditors of the Company to hold office for a period of 5 (Five) consecutive financial years, from the conclusion of the 10th Annual General Meeting of the Company until the conclusion of the 15th Annual General Meeting of the Company and to authorise the Board of Directors of the Company to fix their remuneration. (OrdinaryResolution)

Special Business:

• 1. Ratification of Cost Auditors' remuneration. (OrdinaryResolution)
• 1. Loan to Subsidiaryu/s 185 ofthe Companies Act, 2013. (Special Resolution)
• 1. Service of Documents. (OrdinaryResolution)

On invitation,some ofthe members raised questions,seeked clarificationsand/or offered commentsto the items ofthe business and the samewere adequately answered/ clarified by the Chairman.

Then under the instruction ofthe Chairman, the company secretary announced the poll to vote on the above referred resolutions through ballot paper and further informed that the board has appointed Mr. Rohit S. Dudhela, Practising Company Secretary (FCS Membership No: 9808 & CP No.: 7396) as the scrutinizer to supervise the e-voting and ballot process.

She further informed the members that the combined result of voting will be placed within two working days on the website of the company and also on websites of BSE Limited and National Stock Exchange of India Limited and M/s. Karvy Computershare Pvt Ltd.

The Chairman then thanked the members attending the meeting and with this, the meeting concludedat 11:45 AM.

'PSP House', Opp. Celesta Courtyard, Opp. Lane of VikramnagarColony, ISKCON - Ambali Road,Ahmedabad-380058. Phone : 079 - 2693 6200, 2693 6300, 2693 6400 | Fax No. : O79 - 2693 6500 | Email : info@pspprojects.com| URL : www.pspprojects.com CIN : L45201GJ2008PLC054868

Note: This is a summary of the proceeding of 10th Annual General meeting and does not constitute minutes ofthe proceedings of the Annual General meeting of the Company.

Thankingyou,

For PSP Projects[.imited

MittaliWChristachary Company Secretary