PSP Projects Limited — AGM Information 2020

Sep 18, 2020

seePSP | guia ® PSP Projects Ltd. ISO 9001 : 2015, 14001 : 2015, 45001 : 2018 Certified Company

Ref No: PSPPROJECT/SE/50/20-21 September 18, 2020

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

BSE Limited National Stock Exchange ofIndia Limited Floor 25, P.J. Towers, Exchange Plaza, Bandra Kurla Complex, 400 051

DearSir/Madam,

Sub: Summary of Proceedings of the 12'* Annual General Meeting (AGM) of the company held on September 18, 2020

Pursuant to 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 the 12° AGM of the members of PSP Projects Limited ("Company") held today, ie. September 18, 2020 at 11:00 A.M. through Video Conferencing ("VC") / Other Audio Visual Means ("OAVM").

Further pursuant with Regulation 44(3) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the e-voting results of the 12% AGM will be declared and intimated to BSE Limited and the National Stock Exchange of India Limited separately and the same will also he hosted on the website of the Company and of National Securities Depositories Limited, authorised agency which provided e-voting facility. anil ~

Kindly take the same'on yourrecord.

Thanking You,

For PSP Projects Limited

MittaliBe—

Christachary CompanySecretary and Compliance officer --

Encl: As above

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

SUMMARY OF PROCEEDINGSOF THE 12T! ANNUAL GENERAL MEETING OF THE MEMBERS OF PSP PROJECTS LIMITED ('THE COMPANY')

A. Date, time and venueofthe 12' Annual General Meeting (AGM):

B. Attendees ofthe Meeting:

PSPProjectsCertified CompanySUMMARY OFPROCEEDINGSOF12T!THEANNUAL GENERALMEETINGOF PSPOFTHEMEMBERSLIMITEDPROJECTS('THECOMPANY')venueofthe12'timeandAnnualGeneralDate,A.Meeting(AGM):washeldTheAnnualGeneral12%ofthemembersoftheMeeting("AGM")company("VC") /2020Friday,VideoOtherSeptember18,throughAudioConferencingVisual("OAVM").atThe11:00A.M. andconcludedatmeeting11:50commenceda.m.AttendeesoftheB.Meeting:bythewas attendedThemeetingfollowing: NamesoftheSr.noAttendeesDesignation Directors:PrahaladbhaiS. PatelMr.Chairman,Director1.Managing& CEO(Chairman ofRiskManagementCommittee)P.PatelMs. PoojaExecutiveDirector2.Mr.SagarP.Patel3.ExecutiveDirectorMr.VasishthaP.DirectorPatel4.IndependentofAudit(ChairmanCommittee)N. ShahDirector5.Mr. ChiragIndependentofNominationRemuneration(Chairman&Committee& StakeholderRelationshipCommittee)>Mr. SandeepH.ShahDirectorIndependent6.of(ChairmanSocialCorporateResponsibilityCommittee):ZaranaP.PatelDirectorMrs.7.IndependentPersonnels:ManagerialKeyFinancialHetalY.PatelOfficerMrs.8.ChiefandMs. MittaliCompany Secretary9.M. ChristacharyOfficerCompliance
Ltd.ISO 9001 : 2015, 14001 : 2015, 45001 : 2018
onMeans
OtherRepresentatives:10-PatelPartnerMr. JinalPatelKantilal
(Representative)M/s.& Co.,-Auditor_JointStatutoryShethMs. RiddhiRiddhiShethProprietorM/s.P.Co.Joint&11,-,
AuditorStatutoryMr. RohitDudhelaSecretarialAuditor12.
-MelwaniMelwani13.Ms. KoushalyaProprietorM/s.K. V.& Associates,CostAuditor
'PSP House', Opp. Celesta Courtyard, Opp. Lane of Vikramnagar Colony, ISCON - Ambali Road, Ahmedabad-380 058.079 - 2693 6200, 2693 6300, 2693 6400 Fax No.:079 - 2693 6500 Email : info@pspprojects.com URL : www.pspprojects.comL45201GJ2008PLC054868

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

C. Proceedings in brief:

Mr. Prahaladbhai S. Patel, Chairman, Managing Director & CEO chairedthe meeting.

After welcomingall the attendees joined through VC, the Chairman informed thatthis annual general meeting is being held through video conference in accordance with the circulars issued by the Ministry of Corporate Affairs and SEBI. He requested Board members, Company Secretary & Compliance officer and Chief Financial Officer of the Company to introduce themselves.All the directors, Joint Statutory Auditors, Secretarial Auditor and Cost Auditor of the Company attended the meeting.

The requisite quorum being present, the Chairman called the meeting in order and commenced the proceedingsofthe meeting.

The Company Secretary, on the instruction of the Chairman, provided general instructions to the members regarding participation and e-voting at the meeting. She stated that the evoting commenced on September 15, 2020 at 9:00 AM and ended on September 17, 2020 at 5:00 PM. The Members who have cast their vote by remote e-voting prior to the AGM may also attend the AGM through Video conference but shall not be entitled to cast their vote again. Those Members, who are present in the AGM through VC and havenot casted their vote will have the opportunity to cast their vote electronically during the AGM throughthee- voting facility provided by NSDL.

She informed the Membersthatthe Statutory Registers and other documents,as statutorily required to be made available at the AGM, were available for inspection during the Meeting on NSDL Portal. As the AGM is being held through VC/OAVM, the facility for appointmentof proxy by the memberswasnot applicable.

The Chairman then addressed the members andbriefed on the performance and progress of the Company during the financial year 2019-20 including recent developments and future prospects of the company.

Thereafter, the notice and the Board's Report were taken as read. The Company Secretary informed the Membersthatthe Joint Statutory Auditors' have expressed unqualified opinion in the Statutory Audit report for the financial year 2019-20 and that there are no qualifications, observations or any adverse comments in the Statutory Auditor's Reports. She continued that the.Secretarial Auditor has given one remark in his report, enclosed as Annexureto the Board's Report. Both the reports were taken as read by the members.

Thereafter the Chairman took up the following six resolutions as set forth in the Notice convening the 12' AGM.

'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 .

Ordinary Business:

• 1. To receive, consider and adopt
  • a. the Audited Standalone Financial Statements of the Company for the financial year ended March 31, 2020, together with the Reports of the Board of Directors and the Auditors thereon;
  • b. the Audited Consolidated Financial Statements of the Company forthe financial year ended March 31, 2020, together with the Reports of Auditors thereon. (Ordinary Resolution)
• 1. To confirm the Interim Dividend aggregating to < 5/- per equity share, already paid for the financial year ended March 31, 2020. (Ordinary Resolution)
• 1. To appoint a director in place of Ms. Pooja P. Patel (DIN: 07168083), who retires by rotation and, as a Director and being eligible, offers herself for re-appointment. (Ordinary Resolution)

Special Business:

• 1. Re-appointmentof Ms. PoojaP. Patel (DIN: 07168083), as the WholeTime Directorofthe company. (Special Resolution)
• 1. Revision in the terms of Remuneration payable to Mr. SagarP. Patel (DIN: 07168126), Executive Director of the company. (Special Resolution)
• 1. Ratification of Cost Auditors' remuneration. (Ordinary Resolution)

After the resolutions weretabled at the Meeting, members who had registered themselves as Speakers and were attending the Meeting through VC / OAVM, expressed their. views and soughtclarifications. The Chairman responded adequately to the questions, queries and provided necessary clarifications to the same.

After all the questions were attended, the Chairman informed the members that the NSDL platform for e-voting will remain open for 15 minutesafter the conclusion of the meeting. He stated that the Company had appointed Mr.Rohit S. Dudhela, Practising Company Secretary, as the Scrutinizer for the purposeofscrutinizing the remote e-voting and e-voting during the Meeting. —

He further informed the membersthatthe results of e-voting will be declared within 48 hours from the conclusion of the meeting and shall be placed on the websiteofthe company as well as of BSE Limited and National Stock Exchange of India Limited and National Securities Depository Limited.

Seventy-One (71) members attended the meeting through VC.

'PSP House', Opp. Celesta Courtyard, Opp. Laneof 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 .

The 11:50 Chairman then thanked the members present and declared the meeting as closed at a.m.

— Note: This document doesnot constitute minutesofthe proceedin ofth th General meeting ofthe Company. ° ° ——_

Thanking you,

For PSP Projects Limited

? ——e <,

Mittali Christachary CompanySecretary and Compliance officer