PSP Projects Limited — AGM Information 2021

Sep 18, 2021

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

Ref No: PSPPROJECT/SE/49/21-22

September 18, 2021

Corporate[Relations] Department BSE Limited Floor 25, P.J. Towers, Dalal Street, Mumbai- 400 001 Scrip[code:] 540544

Listing Department

National Stock Exchangeof India Limited Exchange Plaza, Bandra Kurla Complex, Bandra (East), Mumbai - 400 051 Scrip Symbol: PSPPROJECT

Dear Sir/Madam,

Subject: Summary of Proceedings of the 13'* Annual General Meeting (AGM) of the company held on September 18, 2021

Pursuant to Regulation 30(2) read with Part A of Schedule III of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended from timeto time, please find enclosed herewith a summaryofthe proceedings of the 13» Annual General Meeting of the members of the company held today, i.e. September 18, 2021 at 11:00 A.M. eorougy Video Conferencing.

Kindly take the same on yourrecord.

Thanking[You,]

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----- Start of picture text ----- For PSP Projects Limited4quliaé—=_ Mittali ChristacharyCompany Secretary [and] [Compliance] officer----- End of picture text -----

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Encl: As above

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‘PSP House’, Opp. Celesta Courtyard, Opp. Lane of Vikramnagar Colony, ISCON - Ambali Road, Agmedabad-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 |

Tereu? PSP[project’] Ltd. ISO 9001 : 2015, 14001 : 2015, 45001 : 2018 Certified Company SUMMARY OF PROCEEDINGS OF THE 13T4 ANNUAL GENERAL MEETING OF THE MEMBERS OF PSP PROJECTS LIMITED (‘THE COMPANY’) A. Date, time and venueof the 13Annual General Meeting (AGM): The 13% Annual General Meeting (“AGM”) of the membersof the company washeld on Saturday, September 18, 2021 through Video Conferencing (“VC”) / Other Audio Visual Means (“OAVM”). The meeting commencedat 11:00 A.M. and concluded at 11:48 A.M. B. Attendeesof the Meeting: The meeting was attended bythe following: Sr.no | Namesof the Attendees | Designation Directors: 1. Mr. Prahaladbhai S. Patel Chairman, Managing Director & CEO (Chairman of[Risk] Management Committee) Ms. PoojaP. Patel Whole time Director - w Mr.SagarP. Patel Executive Director Mr. VasishthaP. Patel Independent Director (Chairman of Audit Committee) Mr. Chirag N. Shah Independent Director (Chairman of Nomination & Remuneration Committee & Stakeholder Relationship Committee) Mr. Sandeep H. Shah Independent Director (Chairman of Corporate Social Responsibility Committee) 7. Mrs. Zayana P.Patel Independent Director “Key Managerial Personnels: | 8. Mrs. Hetal Y. Patel Chief Financial Officer 9. Ms. Mittali M. Christachary Company Secretary and Compliance Officer Other Representatives: 10. Mr.Jinal Patel Partner (Representative) - M/s. Kantilal Patel & Co., - _* Joint Statutory Auditor 11. Ms. Riddhi Sheth Proprietor[-] M/s.[Riddhi] P. Sheth & Co. , Joint Auditor . Statutory 12. Ms. Koushalya Melwani Proprietor - M/s. K. V. Melwani & Associates, Cost Auditor 13. Mr. Rohit Dudhela Secretarial Auditor & Scrutinizer ‘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

Tse[Len] PSP[cect’] guile?Ltd.

• C. Proceedingsin brief:

ISO 9001 : 2015, 14001 : 2015, 45001 : 2018 serene Company

Mr. Prahaladbhai S. Patel, Chairman, Managing Director & CEO chaired the proceeding of the Meeting.

After welcomingall the attendees joined through VC, the Chairman informed thatthis AnnualGeneral Meetingis being held through VC in accordance withthe circulars issued by the Ministry of Corporate[Affairs] and[SEBI.]

He requested Board members attending the AGM through VCto introduce themselves.

All the directors present through VC introduced themselves after which the Chairman

informed that alongwith him, the Company Secretary & Compliance officer and Chief Financial Officer of the Company were attending the meeting from the Registered Office of the company

The Chairman thereafter, informed the members thatthe representative of M/s. Kantilal Patel & Co, Joint Statutory Auditors, M/s.[K.][V.] Melwani[&] Associates Cost Auditor and Mr. Rohit S. Dudhela, Secretarial Auditor of the Company werealso present at the meeting through[VC.] -

On requisite quorum being present, the Chairman called the meeting in order and

commencedthe proceedings of the 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 informed the members that this meeting has been convened and being conducted through VCin accordance with the circulars issued by Ministry of Corporate Affairs and Securities and Exchange Boardof India (SEBI). Facility of joining this meeting through Video conferencing is being made available for members onfirst come first serve basis. The proceedinggs.ef this meeting were being web-casted live for all the shareholders as per[the][details][provided][in][the][Notice][to][the][AGM][and][the] proceedings were being recorded[for] compliance purposes. She stated that the e-voting commenced on September 15, 2021 at 9:00 AM and ended on September 17, 2021 at[5:00][PM.][The] Members[who] havecast their vote by remoteevoting prior to[the][AGM][may] also attend[the][AGM] through[VC] but shall not be entitled to casttheir vote again.

She further informed the members that the facility for voting through e-voting system votewas[made] prior available to the Meeting.during| the AGM through NSDL for Members[who] had notcast thei

‘PSP House’, Opp. Celesta Courtyard, Opp. Lane of Vikramnagar Colony, 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 |

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PSP[project’] guileLtd.[®] ISO 9001 : 2015, 14001 : 2015, 45001 : 2018 Certified Company

She informed the Members that the Statutory Registers[and] other documents, as statutorily required to[be][made] available at[the][AGM,] were available[for] inspection during the AGM on NSDL Portal. As the AGMis being held through VC/OAVM, the facility for appointmentof proxy by[the][members][was] not applicable[and][hence] the proxy registers are not[available][for] inspection.

The Chairman then addressed the members on[the] topic “Challenging the Now, Embracing[the][New’and] briefed on[the] performance[and] progressof[the] Company during the financial year 2020-21 including Impact of COVID-19, recent developments and future the prospects of company.

The detailed Chairman’s speech delivered at the 13 Annual General Meeting shall be available on the website of the Companyas well as of BSE Limited and National Stock Exchange of India[Limited.]

Thereafter, the notice of the 13[AGM] andthe Board’s Report were taken as read. The Company Secretary informed the[Members] that the Auditors’ Reports on the standalone and consolidated financial statements and the Secretarial Audit Report of the Company for the financial year ended March 31, 2021 forming part of the Annual Report do not contain any qualification, reservation, adverse remark or disclaimer, which have any adverse effect on the functioning of the company in the Statutory Audit report for the financial year 2020-21. Accordingly, the Reports. were not required to be read out, as provided in[the] Companies Act,[2013.]

She further drew the attention of members on few remarks given by[the] Secretarial

Auditor in his Secretarial Audit report as Annexure B to the Board’s report on Page no. 65 _to 67[of][the] Annual Report[of] the Company circulated to[the] members of[the] company electronically. Both[the] reports were[taken] as[read] bythe[members.] |

‘ Thereafterconvening thethe 13ChairmanAGM. tookupthe following four resolutions asset forth in the Notice

Ordinary[Business:]

1. To receive, consider and adopt-

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• a. the Audited[Standalone] Financial Statements of the Company for the financial year ended March 31, 2021, together with the Reports of the Board of Directors and the Auditors thereon;

• » b. the Audited Consolidated Financial Statements of the Company for the financial year[ended][March][31,][2021,][together][with][the][Reports][of][Auditors][thereon] (Ordinary Resolution)

OJEC oN ‘PSP House’, Opp. Celesta Courtyard, Opp. Lane of Vikramnagar Colony, ISCON - Ambali Road, Anmedabad-380 058. a lo * Phone 079 - 2693 6200, 2693 6300, 2693[6400] Fax No.[:] 079 - 2693 6500 | Email : info@pspprojects.com | URL : www.pspprdjects. CIN ::L45201GJ2008PLC054868 ~ 9) |

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1. To declare a Final[Dividend] of[Rs.] 4/- per fully paid equity[share][for][ the][financial] year ended March 31, 2021. (Ordinary Resolution)

2. To appoint a directorin place of[Mr.] Sagar[P.][Patel] (DIN: 07168126),[who] retires by rotation and[being] eligible,[offers][himself for] re-appointment. (Ordinary Resolution)

Special[Business:]

1. Ratification of Cost Auditors’ remuneration. (Ordinary Resolution)

On the invitation of Chairman, two members of the Company namely[Mr.][Ravi][Kumar] Naredi and Mr. Parth Parekh who had registered[themselves] as Speakers[and] were attending[the] Meeting through[VC] /[OAVM,] sought[clarifications][on][Company’s][accounts] and business onebyonein Q[&][A] session. The Chairman responded appropriately to[the] questions, queries[and] provided[necessary] clarifications[to][the][same.]

Post the question[and] answer session,[the] Company Secretary[informed][the][members] that the NSDL platform for e-voting will remain open for 15 minutesafter the conclusion of the meeting. She stated that the Company[had] appointed[Mr.][Rohit] S. Dudhela, Practising Company Secretary, as[the][Scrutinizer][to] supervise[the][e-voting][process.]

She further added that the consolidated results of e-voting[will][be][declared][within][48] hours from the conclusion of the meeting[and][shall][be] placed on[the][website][of][the] company (www.pspprojects.com) as[well] as[of][BSE][Limited] (www.bseindia.com)[and] National Stock Exchangeof India Limited (www.nseindia.com)[and][National] Securities Depository[Limited] (www.evoting@nsdl.com).

. Fifty-Four (54) members attended the meeting through[VC.]

en The[Chairman][then][thanked][the][members] present[for][sparing][their][time][to][attend][the] meeting[and][ declared][the][meeting] as[closed][at][11:48][a.m.]

Note: This document does not constitute minutes[of] the proceedings[of] the[13%] Annual General meeting of the Company.

Thanking you,

_*

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----- Start of picture text ----- For PSP Projects [Limited] eOsECxeyli [|] 2Se: [BAD,]cyae—Christachary aCompany Secretary [and] Conipliance [officer]----- End of picture text -----

‘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