PSP Projects Limited — AGM Information 2019

Sep 18, 2019

PSP Projects Ltd. ISO 9001 : 2015, 14001 : 2015, 45001 : 2018 Certified Company

Corporate Relations Department Listing Department Dalal Street, Mumbai- 400 001 Bandra (East), Mumbai - 400 051 Scrip code: 540544 Scrip Symbol: PSPPROJECT

BSE Limited National Stock Exchangeof India Limited Floor 25, P.J. Towers, Exchange Plaza, Bandra Kurla Complex,

Dear Sir/Madam,

Sub: Summary of Proceedings of the 11th Annual General Meeting (AGM) of the companyheld on September18, 2019

With reference to the subject and pursuant with Regulation 30(2) read with Part A of Schedule III ofSEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we enclose herewith summary of proceedings of 11Annual General Meeting ofthe membersof the company held on September18, 2019 at 11:00 A.M.at H. T. Parekh Convention Centre, Ahmedabad Management Association, AMA Complex, ATIRA, Dr. Vikram Sarabhai Marg, Ahmedabad-380015.

The voting results of the 11Annual 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 India Limited separately and the same will also be hosted on the company's website and website of Karvy Fintech Private Limited, platform through which e-voting facility was provided.

Kindly takethe above on your record.

Thanking You.

For PSP Projects Limited

Mittali Christachary Company Secretary

Encl: As above

SUMMARYOF PROCEEDINGS OF THE 1174 ANNUAL GENERAL MEETING OF MEMBERS OF PSP PROJECTS LIMITED

	SUMMARYOFOF THEPROCEEDINGS	Tlpsp gudPSPLtd.ProjectsISO 9001 : 2015, 14001 : 2015, 45001 : 2018Certified Company1174ANNUAL GENERALMEETING OF MEMBERS
The11%Wednesday,Management	OF PSPGeneralAnnualMeeting2019September18,Association(AMA)	PROJECTS LIMITEDtheheldofthemembersofwason("AGM")companyAhmedabadatParekhConventionCentre,H.T.SarabhaiAhmedabadVikramDr.Complex,ATIRA,Marg,
380015,TheSr.no	commencedThemeetingGujarat.attendedwasby:meetingoftheAttendeesNames	andconcludedatat11:5511:05a.m.a.m.Designation
1.2.3.	PatelPrahaladbhaiMr.PatelMrs.ShilpabenPatelMs. Pooja	DirectorChairman& CEO, ManagingDirectorWholeTimeofCSR Committee)(ChairpersonDirectorExecutive
4,5.	Mr. VasishthaPatelShahMr. Chirag	DirectorIndependent(Chairman ofAuditCommittee)DirectorIndependent
6.7.	Mrs. HetalPatelMs. MittaliChristachary	ofRemunerationNomination(Chairman&& StakeholderCommitteeRelationshipCommittee)ChiefFinancialOfficerandCompany SecretaryOfficerCompliance
8.9.	Mr.JinalPatelMs.RiddhiSheth	PatleKantilalPartner(Representative)M/s.& Co.,-AuditorJointStatutoryRiddhiShethP.&Co.JointProprietorM/s.-,
10.11.	Mr. RohitDudhelaMelwaniMs. Koushalya	AuditorStatutorySecretarialAuditor-CostMelwaniAssociates,&ProprietorM/s.K. V.
his	DirectorMr. SandeepShah,Independentpreoccupations.	AuditorAGM due toattendthehadhisinabilitytoexpressed
AGM.Afterofthe	themembersallwelcomingCompany Secretary& Complianceon thecompany seateddais.	introducedthetheBoardmembers,Chairmanpresent,andAuditorsOfficerOfficer,ChiefFinancialStatutoryJoint
—CIN :-L45201GJ2008PLC054868	Phone : 079 - 2693 6200, 2693 6300, 2693 6400	'PSP House', Opp. Celesta Courtyard, Opp. Lane of Vikramnagar Colony, ISCON - Ambali Road, Anmedabad-380 058.Fax No. : 079 - 2693 6500 Email : info@pspprojects.com URL : www.pspprojects.com:

commenced the e Chairman called the meeting in order and proceedings of the meeting.

The Chairman then informed the membersthatthe 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. 2018-19 including some recent developments of the company.

With the consent ofthe memberspresent,the Notice ofthe 11% Annual General Meeting along with the Explanatory statement and Audited Financial Statements for the year ended March 31, 2019, 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 of the Chairman, the Company Secretary of the company informed the membersthat in compliance with provisions of Section 108 of the Companies Act, 2013 read with the Companies (Management and 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 Sunday, September 15, 2019 at 9:00 AM and ended on Tuesday, September17, 2019 at 5:00 PM,

She further read and stated that thereis no qualifications, adverse remarks or observations in the Statutory Audit Report and one remarkin theSecretarial Audit report of the company. Thereafter, both the reports were taken as read by the Chairman,on requestof shareholders presentin the meeting.

The following twelve resolutionsasset out in the Notice of the 11th Annual General Meeting were put for Members' consideration and approval:

Ordinary Business:

• 1. To receive, consider and adopt-
  • A. the Audited Standalone Financial Statements of the Companyfor the financial year ended March 31, 2019, together with the Reports of the Board of Directors and the Auditors thereon;
  • B. the Audited Consolidated Financial Statements of the Companyforthefinancial year ended March 31, 2019, together with the Reports of Auditors thereon. (Ordinary Resolution)
• 1. To declare a Final Dividend of % 5 per fully paid equity shareforthe financial year ended March 31, 2019, (Ordinary Resolution)
• 1. To appointa directorin place of Mrs. ShilpabenP. Patel (DIN: 02261534), who retires by rotation and, as a Director and being eligible, offers herself for re-appointment. (Ordinary Resolution)

'PSP House', Opp.Celesta Courtyard, Opp. Lane of VikramnagarColony, ISCON - Ambali Road, Ahmedabad-380 058.

Phone : 079 - 2693 6200, 2693 6300, 2693 6400 | Fax No. : 079 - 2693 6500 | Email : info@pspprojects.com | URL : www.pspprojects.com CIN : L45201GJ2008PLC054868

• 1. Approval for remuneration payable to Mr. Prahaladbhai S. Patel (DIN: 00037633), Chairman, Managing & CEO, Promoter of the Company. (Special Resolution)
• 1. Approval for remuneration payable to Mrs. Shilpaben P. Patel (DIN: 02261534), WholeTime Director, Promoter of the Company. (Special Resolution)
• 1. Approval for remuneration payable to Ms. Pooja P. Patel (DIN: 07168083), Executive Director, Memberof Promoter Group of the Company. (Special Resolution)
• 1. Re-appointment of Mr. PrahaladbhaiS. Patel (DIN: 00037633), as the Chairman, Managing Director and CEO of the company.(Special Resolution)
• 1. Re-appointment of Mr. Vasishtha P. Patel (DIN: 00808127), as a Non-Executive Independent Director of the company. (Special Resolution)
• 1. Re-appointment of Mr. Sandeep H. Shah (DIN: 00807162), as a Non-Executive Independent Director ofthe company. (Special Resolution)
• 1. Re-appointment of Mr. Chirag N. Shah (DIN: 02583300), as a Non-Executive Independent Director of the company.(Special Resolution)
• 1. To approve conversion ofloan into equity. (Special Resolution)
• 1. Ratification of Cost Auditors' remuneration. (Ordinary Resolution)

On invitation, some of the membersraised questions and seeked clarifications regarding the business operations and future outlook of the company and the same were adequately answered/ clarified by Mr. Prahaladbhai Patel, Chairman, Managing Director and CEO of the company. .

Then underthe instruction of the 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 ofthe company andalso on websitesofthe Stock Exchanges viz BSE Limited and National Stock ExchangeofIndia Limited and also on the website of the Registrar and Share Transfer Agent, M/s. Karvy Fintech Private Limited.

The Chairman then thanked the members attending the meeting and with this, the meeting concluded at 11:55 a.m.

Note: This is a summary of the proceeding of 11tt Annual General meeting and does not constitute minutes ofthe proceedingsofthe Annual General meeting of the Company.

Thanking you,

For PSP Projects Limited ~~ —_— Mi Christachary Company Secretary

'PSP House', Opp. Celesta Courtyard, Opp. Lane of Vikramnagar Colony, ISCON - Ambali Road, Anmedabad-380 058. _Phone : 079 - 2693 6200, 2693 6300, 2693 6400 | Fax No. : 079 - 2693 6500 | Email : info@pspprojects.com | URL : www.pspprojects.com —CIN-:-L45201GJ2008PLC054868