PSP Projects Limited — Capital/Financing Update 2021

Jan 7, 2021

Tse ses 1, PSP[project’][ted.] ISO 9001 : 2015, 14001 : 2015, 45001 : 2018 Certified Company

Ref No: PSPPROJECT /SE/84/20-21

January 07, 2021

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

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

Dear Sir/Madam,

Subject: Disclosure under Regulation 30 of the[SEBI] (Listing Obligations and Disclosure Requirements) Regulations, 2015[-] Purchase of shares of PSP Projects[&] Proactive Constructions Private Limited, Subsidiary company of the company

Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we[wish] to inform you that[PSP] Projects Limited (‘PSP’ or ‘the Company’) has enteredinto a Share Purchase agreementto acquire 13,00,000 (26%) equity shares of PSP Projects & Proactive Constructions Private Limited (‘PPCL’) at a negligible amount of consideration of Rs. 1,30,000/-, thereby making it a wholly-owned subsidiary (not material) of the company. Prior to this acquisition[of] shares,[PSP] was holding 74%[of the] equity shares of[PPCL.]

The information required pursuant to Regulation 30 and Part A of Schedule III of the SEBI (Listing Obligations[and][Disclosure] Requirements) Regulations,[2015] is as given below:

	O	bligations and Disclosure Requirements) Regula	tions, 2015isas given below:
		Particulars
		Nameofthe target entity, details in brief such	PPCL is an 74% unlisted subsidiary of the
		as size, turnoveretc.-	company engaged in the business. of
			construction.
			As on March 31, 2020, the revenue from
			operations ofPPCL stoodat Rs. 0.85 Lakhs, other
			income stood at Rs. 23.70 Lakhs, while it
			registered a netloss of Rs. 64.20 Lakhs.-
		Whether the acquisition would fall within	The purchase of shares from shareholder of
	‘related party transaction(s) and whether the		PPCL is not a related party transaction for the
		promoter/ promoter group/ group companies have any interest in the entity being acquired?	Company. Apart from PPCL being a subsidiary of the Company, none of the Group entities have
		Ifyes, nature ofinterest and details thereofand whetherthe sameis done at “arm’s length”	any interest in the shares being acquired. The promoter/promoter group/group companies of
			the Company have no interest in the entity
		-_* Industry to which the entity being acquired	whosesharesare being purchased. Construction
		belongs.
		Objects and effects of acquisition (including	The objective of purchase is to further
		but not limited to, disclosure of reasons for	consolidate shareholding of the Company in
acquisition of target entity, if its business is outside the main line of business ofthe listed entity) PPCL. The additional purchase would result7 an increase in Company’s shareholding in PP to 100%. {SA {0 (Tes TOs ~ ‘PSP House’, Opp.Celesta Courtyard, Opp. Lane of Vikramnagar Colony, ISCON - Ambali Road, Aamedabad-380 058. CNIS eps . . * Phone : 079 - 2693 6200, 2693 6300, 2693 6400	Fax No. : 079 - 2693 6500	Email : info@pspprojects.com	URL : www.pspprojects.com A’B eee CIN : L45201GJ2008PLC054868

Tes PSP[Projects] i. ISO 9001 : 2015, 14001 : 2015, 45001 : 2018 Certified Company Brief details of any governmentalor regulatory None approvals required for the acquisition Indicative time period for completion of the Before January 31, 2021 acquisition; Nature of consideration - whether cash The consideration in cash. is consideration or share swap and details of the same Cost of acquisition or the price at which the The consideration payable in cash for purchase shares are acquired of sharesis Rs. 1,30,000/Percentage of shareholding / control acquired Numberof shares: 13,00,000 and / or number ofshares acquired Percentage of shareholding: 26% Brief background aboutthe entity acquired in PPCL was incorporated in 2016 as a joint terms[of] products/line of business acquired, venture for promotion and development of date of incorporation, history of last 3 years World Trade Centre at GIFT city, Gandhinagar, turnover, country in which the acquired entity Gujarat. has presence and any other significant information (in brief) The total revenue from operations for last 3 yearsis as[follow:] As on March 2020Rs. 0.85 Lakhs 31, As on March 31, 2019Rs. 1,046.80 Lakhs As on March 31, 2018 - Rs. 3491.12 Lakhs Kindly take the same on your record. Thanking You, Yours faithfully, . For PSP Projects Limited MittaliChristachary Company Secretary and[Compliance] Officer ‘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