PSP Projects Limited — Interim / Quarterly Report 2022

Jul 19, 2021

® _| ~T psp 1- PSP Projects Ltd. ISO 9001 : 2015, 14001 : 2015, 45001 : 2018 Certified Company

_

Ref No: PSPPROJECT /SE/24/21-22

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

July 19, 2021

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

Dear Sir/Madam,

Subject: Outcome[of ] Board meeting

Pursuant to Regulation 30, 33 and other related Regulations of the SEBI (Listing Obligations and Disclosure Requirements) Regulations,[2015][and] with reference to the captioned subject, we hereby[inform][that] in the[board] meeting[held] today[i.e.] July 19, 2021, besides other subjects, the following items[of][business] were transacted by the board:

1. Approved[and][took] on[record][the] Limitedly Reviewed (Unaudited) Financial Results (Standalone& Consolidated) as per[Indian] Accounting[Standards] (Ind AS) for the quarter ended June 30, 2021;

2. Approved appointment[of ] M/s. Chirag Shah[&] Associates,[Practicing] Company[Secretaries] (COP: 3498) Ahmedabadasthe Secretarial Auditorof the company forthe financial year 2021-22;

3. Approved re-appointment[of] M/s.[K.V][Melwani][&] Associates,[(FRN:] 100497) Practising Cost Accountants, Ahmedabad asthe Cost Auditors of the companyfor the Financial year 2021-22;

4. The Thirteenth (13) Annual General Meeting of the members of the company is scheduled to be held on Saturday, September 18, 2021 through Video Conferencing/Other Audio Visual means.

_[The.board][meeting][commenced][at][11:30][A.M.][ and][concluded] at[1:00][P.M.]

We are enclosing[hefewith] the financial results for your information and record. The samewill be made-available on the company’s website: www.pspprojects.com.

Kindly take the sameon yourrecord.

Thanking You,

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Yours faithfully,
~7
For [PSP] Projects Limited
i [Christachary]
Company Secretarya and Compliance officer
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Encl: As above

‘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 |

Riddhi P. Sheth & Co. Chartered Accountants 9, Shyam Shivam Bungalows, Nr. Shikar Flats, 100 ft. Ring Road, Satellite, Ahmedabad — 380 051. Tel: + 91 79 2676 3020

Kantilal Patel & Co. Chartered Accountants 202, “Paritosh", Riverfront, Usmanpura, Ahmedabad — 380 013. Tel: + 91 79 2755 1333

Independent[Auditor's][Review] Report on[the] Quarterly[Unaudited][Standalone][Financial] Results of the Company pursuantto the Regulation 33 of the[SEBI] (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended.

To

The Board of Directors of

PSP Projects Limited.

1. We have reviewed the accompanying statement of unaudited standalone financial results of PSP Projects Limited (the ‘Company’) for the quarter ended June 30, 2021 (the ‘Statement’, attached herewith, being submitted by the Company pursuant to[the] requirement of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended (the ‘Listing Regulations’).

2. This Statement, which is the responsibility of the Company's Management and approved by the Company's Board of Directors, has been prepared[in] accordance with the recognition and measurement principles[laid][down][in][Indian] Accounting[Standard][34][(Ind][AS][34),][‘Interim] Financial Reporting’, prescribed under Section 133 of the Companies Act, 2013, as amended, read with relevant rules issued thereunder and other accounting principles generally accepted in India. Our responsibility is to express a conclusion on the Statement based on our review.

3. We conducted our review of the Statement in accordance with the Standard on Review Engagements (SRE) 2410, ‘Review of Interim Financial Information Performed by the Independent[Auditor][of][the] Entity’[issued] by[the][Institute][of][Chartered][Accountants] of India.

This standard requires that we plan and perform the review to obtain moderate assurance as to whether the Statement is free of material misstatement. A review of interim financial information consists of making inquiries, primarily of persons responsible[for][financial][and] accounting matters, and applying analytical and other review procedures. A review is substantially[less][in] scope[than] an[audit][conducted][in][accordance][with][Standards] on Auditing and consequently does not enable us to obtain assurance that we[could] become aware[of] all significant matters that might[be][identified] in an audit. Accordingly, we do not express an audit opinion.

1. Based on our review conducted as above, nothing has cometo our attention that causes us to believe that the accompanying Statement, prepared[in][accordance][with][the] recognition and measurementprinciples laid down[in] the applicable Indian Accounting Standards (‘Ind AS’) specified under Section 133 of the Companies Act, 2013, as amended, read[with][relevant] rules issued thereunder and other accounting principles generally accepted[in] India,[has] not disclosed the information required to be disclosed[in] terms[of] Regulation[33][of] the Listing Regulations, including[the] manner in which it is to be disclosed, or that it contains any material misstatement.

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Su [PATE]
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Kantilal Patel & Co. Chartered Accountants

Riddhi P. Sheth & Co. Chartered Accountants

1. We draw attention to Note 2 to the Statement, which describes the management's assessment of the impact of the outbreak of COVID-19 on the business operations of the Company. In view of the uncertain economic environment, a definitive assessment[of] the impact on the subsequent periods is highly dependent upon circumstances as they evolve.

Our conclusion[is] not modified in respect of this matter.

For Kantilal Patel & Co.

Chartered Accountants

ICAI Firm registration number: 104744W

For Riddhi P. Sheth & Co.

Chartered Accountants

ICAI Firm registration number: 140190W

RCSue

Jinal A. Patel

Partner

Membership[No.:][153599] Place: Ahmedabad Date: July 19, 2021

UDIN: 21153599AAAAGL6634

Riddhi P. Sheth

Proprietor Membership[No.:][159123] Place: Ahmedabad Date: July 19, 2021 UDIN: 21159123AAAAAR6730

PSP Projects Limited Registered[Office] : PSP House, Opp. Celesta Courtyard, Iscon-Ambli Road, Anmedabad- 380 058

CIN :L45201GJ2008PLC054868 Website : www.pspprojects.com Statement of unaudited Standalone Financial Results for the period ended June 30, 2021 Quarter ended Year Ended Sr. No. Particilacs 30.06.2021 31.03.2021 30.06.2020 31.03.2021 (Unaudited) (Note 5) (Unaudited) (Audited) (Unaudited)

1 Income Revenue from Operations 31,735.58 50,072.64 10,689.18 1,24,086.24 Other Income 379.30 381.54 479.04 1,692.09 Total Income 32,114.88 50,454.18 11,168.22 1,25,778.33

2 Expenses

Cost of Materials Consumed 10,304.42 14,561.13 3,591.34 39,813.29

Changes in Inventories of Work-in-Progress (399.85) 691.04 (351.75) (236.52) Construction Expenses 15,873.19 26,751:32 6,138.38 64,442.68 Employee Benefits Expense 1,518:77 1,421.79 969.76 5,089.37 Finance Costs 341.03 455.26 289.19 1,469.12 Depreciation and Amortisation Expense 541.91 676.21 616.58 2,563.76 Other Expenses 498.92 441.12 211:57 1,496.09 Total Expenses 28,678.39 44,997.87 11,465.07 1,14,637.79

3 |Profit/(Loss) Before Tax and Exceptional Item (1-2) 3,436.49 5,456.31 (296.85) 11,140.54 4 {Exceptional Gain/(Loss)(net of tax) - - - (274.11)

5 _|Profit/(Loss) Before Tax and after Exceptional Item (3-4) 3,436.49 5,456.31 (296.85) 10,866.43 6 Tax Expenses Current Tax 972.99 1,449.37 - 3,035.25 Deferred Tax (45.27) (61.65) (75.04) (247.86) Total Tax Expenses 927.72 1,387.72 (75.04) 2,787.39

7 Profit/(Loss) for the Period (5-6) 2,508.77 4,068.59 (221.81) 8,079.04 8 |Other Comprehensive Income/(Loss) (OCI)

(i) Items that will not be reclassified to Profit or Loss

• Remeasurement expensesof Defined benefit plans (net of tax) 2.30 18.99 (3.26) 9.22

Total Other Comprehensive Income (Loss) for the Period 2.30 18.99 (3.26) 9.22 / 9 |Total Comprehensive Income/(Loss) for the Period (7+8) 2,511.07 4,087.58 (225.07) 8,088.26 10 |Paid-up Equity Share Capital - Face Value Rs 10/- each 3,600.00 3,600.00 3,600.00 3,600.00 11 |Other Equity excluding Revaluation Reserves - - - 50,199.27

12 Earnings Per Share of[Rs] 10/- each (in Rs.) (Not Annualised (Basic) ) 6.97 11.30 (0.62) 22.44 (Diluted) 6.97 11.30 (0.62) 22.44

(See accompanying notesto the Standalone Financia! Results) SIGNED[FOR][IDENTIFICATION][BY]

EPAG 114 M.NO.:FERN: 140190W159123 }° AHMEDABAD] KANTILAL[PATEL][&][CO.]

PSP Projects Limited Registered Office : PSP House, Opp. Celesta Courtyard, Iscon-Ambli Road, Ahmedabad - 380 058

CIN :L45201GJ2008PLC054868 Website: www.pspprojects.com

Sr. Note No.

Theby theaboveBoard financialof Directorsresultsofof thetheCompanyCompanyin havetheir beenrespectivereviewedmeetingsby theheldAuditon CommitteeJuly 19, 2021.and approved The financial results are prepared in accordance with the Indian Accounting Standards (“Ind AS”), as applicable and guidelines issued by the Securities and Exchange Board ofIndia (“SEBI”). The Ind AS are prescribed under section[133] of the Act read with Rule 3 of the Companies (Indian Accounting Standards) Rules, 2015, and the Companies (Indian Accounting Standards) (Amendment) Rules, 2016. The Company has made an assessment of recoverability of the Company’s assets such as Trade receivables, unbilled revenue, and Inventories, specifically considering the ongoing COVID-19 pandemic, the Company has considered internal and external information up to[the] date of approval of these standalone financial results. Based on the current indicators of future economic conditions, the Company expects to recover the carrying amountof these assets.

The impact of COVID-19 remains uncertain and may bedifferent from what we have estimated as of the date of approval of these standalone financial results and the Company will continue to closely monitor any material changes to future economic conditions. The Companyis primarily engaged in one business segment viz. construction/project activities, as determined bythe chief decision maker in accordance with Ind AS

108, Operating Segments. The Code on Social Security, 2020 (‘Code’) has been notified in the Official Gazette of India on September 29, 2020, which could impact the contributions of the Company towards certain employment benefits. framed.The effectiveImpact,dateif any,fromof thewhichchangechangeswillarebe applicableassessed andis yetaccountedto be innotifiedthe periodand theof notificationrules are yet oftothebe relevant provisions. The figures for the quarter ended March 31, 2021 are the balancing figures between audited figures in torespectDecemberof[the] 31,full 2020,financialbeingyeartheupdateto Marchof the 31,end2021oftheandthirdunauditedquarterofpublishedthe financialyear-to-dateyear whichfigureswereup subjected to limited review.

Previous period figures have been regrouped/rearranged, wherever necessary, to correspond to current

period’s presentation.

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For and on behalf of the Board
(Prahala . Patel)
Chairman, Managing Director & CEO
DIN : 00037633 SIGNED FOR IDENTIFICATION BY
Ahmedabad, July 19, 2021
ale | 4 We /
KANTILAL PATEL & CO.
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Riddhi P. Sheth & Co. Chartered Accountants 9, Shyam Shivam Bungalows, Nr. Shikar Flats, 100 ft. Ring Road, Satellite, Ahmedabad — 380 051. Tel: + 91 79 2676 3020

Kantilal Patel & Co. Chartered Accountants 202, "Paritosh", Riverfront, Usmanpura, Ahmedabad — 380 013. Tel: + 91 79 2755 1333

Independent[Auditor's][Review] Report on the Quarterly[Unaudited][Consolidated][Financial] Results of the Company pursuant to the Regulation 33 of the[SEBI] (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended.

To

The Board of Directors of

PSP Projects Limited.

• Ts We have reviewed the accompanying statement of unaudited consolidated financial results of PSP Projects Limited (the ‘Holding Company’) and its subsidiaries (the Holding Company and its subsidiaries together referred to as the 'Group’) and its joint venture for the quarter ended June 30, 2021 (the ‘Statement'’), attached herewith, being submitted by the Company pursuant to[the] requirement[of] Regulation[33][of][the][SEBI] (Listing Obligations[and][Disclosure] Requirements) Regulations,[2015,] as[amended] (the[‘Listing] Regulations’).

• This Statement, which is the responsibility of the Holding Company's Management[and] approved by[the] Holding Company's[Board][of][Directors,][has][been] prepared[in][accordance] with the recognition and measurement principles laid[down] in Indian Accounting Standard 34 (Ind[AS] 34),[‘Interim][Financial] Reporting’, prescribed under Section[133][of][the] Companies Act, 2013, as amended, read[with] relevant[rules] issued thereunder and other accounting principles generally accepted[in][India.][Our] responsibility[is] to express[a][conclusion] on[the][Statement] based on our review.

• We conducted our review of the Statement in accordance with the Standard on Review Engagements (SRE) 2410, ‘Review of Interim Financial Information Performed by the Independent Auditor[of][the] Entity’[issued] by[the][Institute][of][Chartered][Accountants] of India.

• This standard requires that we plan and perform the review to obtain moderate assurance as to whether the Statement is free of material misstatement. A review of interim financial information consists of making inquiries, primarily of persons responsible[for][financial][and] accounting matters,[and] applying analytical and other review procedures. A review is substantially[less][in] scope[than] an[audit][conducted][in][accordance][with][Standards] on Auditing and consequently does not enable us to obtain assurance that we could become awareofall significant matters that might[be][identified][in] an[audit.] Accordingly,[we][do][not] express[an] audit opinion.

Wealso performed procedures in accordance with the Circular No. CIR/CFD/CMDI/44/2019 dated March 29, 2019 issued by the Securities and Exchange[Board][of][India] under Regulation 33(8) of the Listing Regulations, to the extent applicable.

Kantilal Patel & Co. Riddhi P. Sheth & Co. Chartered Accountants Chartered Accountants 4. The Statement includes the interim financial results of the following entities

List of Subsidiaries

— PSP Projects & Proactive Constructions Private Limited

— PSP Projects Inc. Joint Venture

— GDCL and PSP Joint Venture

Based on our review conducted and procedures performed as stated in paragraph 3 above and based on the consideration of the review reports of other auditors referred to in paragraph 7 below, nothing has cometo our attention that causes us to believe that the accompanying Statement, prepared in accordance with recognition and measurement principles[laid][down] in the aforesaid Indian Accounting Standards (‘Ind AS') specified under Section 133 of the Companies Act, 2013, as amended, read with relevant rules issued thereunder and other accounting principles generally accepted in India, has not disclosed the information required to be disclosed in terms of the Listing Regulations, including the

manner in[which] it[is] to be disclosed, or that it contains any material misstatement.

1. We draw attention to Note 2 to the Statement, which describes the Holding Company's Management's assessment of the impact of the outbreak of COVID-19 on the business operations of the Group. In view of the uncertain economic environment, a definitive assessment of the impact on the subsequent periodsis highly dependent upon circumstances

as they[evolve.] Our conclusion is not modified in respect of this matter.

1. The Statement includes the unaudited interim financial results and other unaudited financial information of: (a) 1 (one) subsidiary, whose unaudited interim financial results and other unaudited

financial information reflects total revenue (before consolidation adjustments) of INR Nil and total net loss after tax (before consolidation adjustments) of INR 9.46 lakh and total comprehensive[loss] (before consolidation adjustments) of INR 9.46 lakh for the quarter ended June 30, 2021, as considered in the Statement, which has been reviewed byits independent auditor. (b) 1 (one) joint venture, whose unaudited interim financial results and other unaudited

financial information include the Group's share of net profit of INR 11.59 lakh for the quarter[ended][June][30,][2021] as[considered][in][the] Statement,[which][has] been reviewed by

its independent auditor.

The independent auditor's report on[the] unaudited interim financial results and other unaudited financial information of these entities have been furnished to us by the Managementof[the] Holding Company and our conclusion on the Statement, in so far asit

PAT,mat an= lates to the amounts and disclosures. .included .in respect of these entities,oa is based. 5g° soiely on ‘SK ((AH AHMEDABAD}[VANON:] Dien } f FRN: 140190WRl2-%

g j NLS |

Riddhi P. Sheth & Co. Chartered Accountants

Kantilal Patel & Co. Chartered Accountants

the report[of] such auditors and the procedures performed byus are as stated in paragraph 3 above.

1. The Statement includes the unaudited interim financial results and other unaudited[financial] information of 1 (one) subsidiary, whose unaudited interim financial results and other unaudited financial information reflects total total revenue (before consolidation adjustments)[of][INR][45.66][lakh,][total] net[loss][after][tax][(before][consolidation][adjustments)][of] INR 8.44 lakh, total comprehensive loss (before consolidation adjustments) of[INR] 8.44[lakh] for the quarter ended June 30, 2021, as considered[in] the Statement.[These] unaudited[interim] financial results and other unaudited financial information has been approved and furnished to us by the Management[of][the] Holding Company[and] our[conclusion] on[the][Statement,] in so[far] as[it][relates] to[the] amounts[and][disclosures][included][in] respect[of][this][entity,][is][based] solely on[such][unaudited][interim][financial][results][and][other][unaudited][financial][information.]

2. According to the[information][and] explanations given to us by[the] Management of the Holding Company, the unaudited interim financial results and other unaudited financial information referred to in paragraphs[6] and[7] above are not[material] to the Group. Our conclusion on the Statement[is] not modified[in] respect[of] the[above] matters[with] respect to our[reliance] on[the][work][done][and][the] reports[of][the][other][auditors][and][the][unaudited] interim financial results and other unaudited financial information certified by the Managementof[the] Holding Company.

For Kantilal Patel & Co.

Chartered Accountants

ICAI Firm registration number: 104744W

For Riddhi P. Sheth & Co.

Chartered Accountants

ICAI Firm registration number: 140190W

R.[g¢_Stoll]

Riddhi P. Sheth

Jinal A. Patel Riddhi P. Sheth \ Pecan Partner ar“Paritosh”2° Floor YO: Proprietor Membership[No.:][153599] S( Benge yo Membership[No.:][159123] ( (River Front) ) Place: Ahmedabad QGp, ([Ahmedavad] 7 2 Place: Ahmedabad Date: July 19, 2021 380013 Date: July 19, 2021

UDIN: 21159123AAAAAS6839

UDIN: 21153599AAAAGM6038

PSP Projects Limited Registered[Office] : PSP House, Opp. Celesta Courtyard, Iscon-Ambli Road, Ahmedabad - 380 058

CIN :L45201GJ2008PLC054868 Website : www.pspprojects.com Statement of Unaudited Consolidated Financial Results for the period ended June 30, 2021 (Rs. in Lakhs) Quarter ended Year Ended

Sr. No. Particulars (Unaudited)30.06.2021 aaa, (Unaudited)30.06.2020 31.03.2021(Audited) (Unaudited)

1 Income Revenue from Operations 31,735.58 50,072.64 10,689.18 1,24,086.24 Other Income 353.41 363.42 487.18 1,665.78 Total Income 32,088.99 50,436.06 11,176.36 1,25,752.02

2 Expenses Cost of Materials Consumed 10,304.42 14,561.13 3,591.34 39,813.29

Changes in Inventories of Work-in-Progress (399.85) 691.04 (351.75) (236.52) Construction Expenses 15,873.19 26,751.32 6,138.38 64,442.86 Employee Benefits Expense 1,518.78 1,421.79 970.10 5,089.71 Finance Costs 345.09 459.88 298.71 1,500.79 Depreciation and Amortisation Expense 541.91 676.21 616.58 2,563.76 Other Expenses $00.21 344.87 211.74 1,483.23 Total Expenses 28,683.75 44,906.24 11,475.10 1,14,657.12

3 |Profit/(Loss) Before Tax[&] share ofprofit / (loss) from Joint Venture (1 - 2) 3,405.24 5,529.82 (298.74) 11,094.90 4 |Tax Expenses Current Tax 972.99 1,449.37 - 3,035.26 Deferred Tax (48.59) (126.79) (46.12) (276.93) Total Tax Expenses 924.40 1,322.58 (46.12) 2,758.33

5 |Profit/(Loss) for the Period Before share of profit / (loss) from Joint Venture (3 - 4) 2,480.84 4,207.24 (252.62) 8,336.57 6 {Share of profit / (loss) from Joint Venture (Net) 10.01 (33.66) (98.33) (241,94) 7‘ |Net profit/(Loss) after tax and share in profit/(loss) of Joint ventures (5+6) 2,490.85 4,173.58 (350.95) 8,094.63 8 |Other Comprehensive Income (Loss) (OCI)

(i) Items that will not be reclassified/ to Profit or Loss

• Remeasurement expenses of Defined benefit plans (net of tax) 2.30 18.99 (3.26) 9.22

(ii) Items that will be reclassified to Profit or Loss

• Exchange difference arising on translation of foreign subsidiary (net of tax) (1.77) (2.69) (0.10) 0.56

Total Other Comprehensive Income (Loss) for the Period 0.53 16.30 (3.36) 9.78 / 9 |Total Comprehensive Income/(Loss) for the Period (7+8) 2,491.38 4,189.88 (354.31) 8,104.41 Profit/(Loss) for the year attributable to: - Owners of the company 2,490.85 4,173.58 (344.42) 8,152.65

• Non-controlling Interest - (6.53) (58.02) Other comprehensive income/(Loss) for the year attributable to: - Owners of the company 0.53 16.30 (3.36) 9.78

• Non-controlling Interest - : - - Total comprehensive income/(Loss) for the year attributable to:

• Owners of the company 2,491.38 4,189.88 (347.78) 8,162.43

• Non-controlling Interest - - (6.53) (58.02)

10 Paid-up Equity Share Capital - Face Value Rs 10/- each 3,600.00 3,600.00 3,600.00 3,600.00

11 |Other Equity excluding Revaluation Reserves 49,989.95 12 |Earnings Per Share of Rs 10/- each (in Rs.) (Not Annualised ) (Basic) 6.92 11.60 (0.96) 22.65 (Diluted) 6.92 11.60 (0.96) 22.65 (see accompanying notes to the Consolidated Financial Results) SIGNED[FOR][IDENTIFICATION][BY] pele \V%p. KANTILAL[PATEL][&][ co.] |[/]

PSP Projects Limited Registered Office[:] PSP House, Opp. Celesta Courtyard, Iscon-Ambli Road, Ahmedabad - 380 058 CIN :L45201GJ2008PLC054868 Website : www.pspprojects.com

Sr.	Note
No.
	The above consolidated financial results of the Companyhave been reviewed by the Audit
	Committee and approved by the Board of Directors of the Company in their respective meetings held on July 19, 2021.
	The consolidated financial results are prepared in accordance with the Indian Accounting Standards (“Ind AS”), as applicable and guidelines issued by the Securities and Exchange Board of India (“SEBI”). The Ind AS are prescribed under section 133 of the Act read with
	Rule 3 of the Companies (Indian Accounting Standards) Rules, 2015, and the Companies
	(Indian Accounting Standards) (Amendment) Rules, 2016. The said financial results
	represent the results of PSP Projects Limited (“the Company”), its subsidiaries (together referred to as “the Group” and its share in results of joint ventures which have been preparedin accordance with Ind-AS 110 — “Consolidated Financial Statement” and Ind AS
	28 — “Investmentin Associates and Joint Ventures”).
	The Group has madean assessmentof recoverability of the Group’s assets such as Trade
	receivables, unbilled revenue, and Inventories, specifically considering the ongoing COVID- 19 pandemic, the Group has considered internal and external information up to the date of approval of these standalonefinancial results. Based on the current indicators of future
	economic conditions, the Group expects to recover the carrying amountof theseassets.
	The impact of COVID-19 remains uncertain and may be different from what we have estimatedasofthe date of approval ofthese standalonefinancial results and the Groupwill
	continue to closely monitor any material changes to future economic conditions. The Groupis primarily engaged in one business segmentviz. construction/projectactivities, as determined by the chief decision maker in accordance with Ind AS 108, Operating Segments. Further, the operations of the Group is predominately domiciled in India and
	therefore there are no reportable geographical segment.
	The Codeon Social Security, 2020 (‘Code’) has been notified in the Official Gazette of India
	on September29, 2020, which could impact the contributions ofthe Group towardscertain
	employment benefits. The effective date from which changes are applicable is yet to be notified and the rules are yet to be framed. Impact,if any, of the change will be assessed and accountedin the periodof notification ofthe relevant provisions.
	Thefigures for the quarter ended March 31, 2021 are the balancing figures between audited figures in respect ofthe full financial year up to March 31, 2021 and unaudited published
	year-to-date figures upto December31, 2020, being the date ofthe end ofthe third quarter ofthe financial year which were subjected to limited review.
	Previous period figures have been regrouped/rearranged, wherever necessary, to correspond to current period’s presentation.

SIGNED FOR IDENTIFICATION[BY]

Lele \9% KANTILAL PATEL & CO.

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r
M.NO.:RN,159123 S
> 140190W }°x
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PSP Projects Limited Registered[Office] : PSP House, Opp. Celesta Courtyard, Iscon-Ambli Road, Ahmedabad - 380 058

CIN :L45201GJ2008PLC054868 Website : www.pspprojects.com

Sr.	Note
No.
7	The standalonefinancial results ofthe Company for the quarter ended June available on the Company’s website (URL: www.pspprojects.com) Key Standalone financials informationis given below:				30, 2021 are
	Particulars	Quarter ended			Year Ended
		June 30,	March 31,	June 30, 2020	March 31,
		2021	2021	(Unaudited)	2021
		(Unaudited)	(Note 5)		(Audited)
			(Unaudited)
	Total Income PEGHE EEMOnE Tas it Exceptional Item	32,114.88 3,436.49	50,454.18 5,456.31	11,168.22 (296.85)}	1,25,778.33 11,140.54
	Pioub iBetons Tam ai after Exceptional Item	3,436.49	5,456.31	(296.85)
	Net Profit	2,508.77	4,068.59	(221.81)	8,079.04
	Other ‘Comprehensive Income/(Loss)	2.30	18.99	(3.26)	9.22
	Total Comprehensive Income	2,511.07	4,087.58	(225.07)	8,088.26

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For and on behalf of the Board
y
(Prahaladbha ate
Chairman, Managing Director & CEO
DIN : 00037633
SIGNED FOR IDENTIFICATION BY
Ahmedabad, July 19, 2021
bls 9a
KANTILAL PATEL & CO.
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