PSP Projects Limited — Major Shareholding Notification 2019

Jun 10, 2019

PRAHALADBHAI SHIVRAMBHAI PATEL SHIVAM, 40-E, SANTOSHA PARK, SARASWATI DARSHAN COOPERATIVE HSG. SOCIETY ADIRA] BUNGLOW LANE, SATTELLITE AMLI ROAD AHMEDABAD 380058 GI

Iune 10, 2019

To

The Secretary BSE Limited Floor 25, P.]. Towers, Dalal Street, Mumbai- 400 001

To

The Secretary National Stock Exchange of India Limited Exchange Plaza, Bandra Kurla Complex, Bandra (East), Mumbai — 400 051

Ref : PSP Projects Limited (Scrip Code: 540544) Subject : Disclosure under Regulation 10(5) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011

Dear Sir/ Madam,

Please find enclosed herewith disclosure required under Regulation 10(5) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011 in prescribed format.

Thanking you,

PRAHALADBHAISHIVRAMBHAIPATEL

Encl.:[As] above.

• CC: The Compliance Officer

• PSP Projects Limited, Ahmedabad-380058

Format for Disclosures nndg Regulation lol 5)[—] Intimatign to Stock Exchangesin respect of acquisition under Regulation lQl[1] H a] of SEBI (Substantial Acquisition of flares and a eov rs latio 201

1.	ame oftheTarget Company (TC)	PSPProjects Limited
2.	Name ofthe acquirer(s)	Mr.Prahaladbhai Shivrambhai Patel
3.	Whetherthe acquirer(s)is/are promotersof the TCpriortothe transaction. l-f—net,	Yes.
	the—'FG—er—its promoters
4-.	Details of theproposedacquisition
	a. Name ofthe person(s)from whomshares areto be acquired	1. Ms. Pooja Prahladbhai Patel2. Mr.Sagar Prahladbhai Patel
	b. Proposed date of acquisition	OnorAfter17/06/2019
		1. 1588400 equity sharesto be acquired from PoojaPrahladbhai Patel
	Number ofsharesto be acquired fromc.eachpersonmentioned in4(a) above	2. 1888000 equitysharesto be acquired from SagarPrahladbhai Patel
	d-Totalshares to be acquiredas % ofsharecapital ofTC	3476400 equity shares(9.66%)
	e.Price at which shares are proposedto be acquired	Nil astheacquisition isby way ofgift
	Rationale, if any, for the proposedf.transfer	lnter-se transferofsharesamong theromoter & promotergroup by way of gift
	Relevant sub-clause ofregulation 10(1)(a)
	underwhichthe acquireris exempted frommaking open offerIf, frequently traded, volume weighted	10 (1) (a) (i) & (ii) ofSEBI (Substantial Acquisition ofShares and Takeovers) Regulations, 2011
	average market price for a period of 60
	trading days preceding the date of issuance
	ofthis notice astradedonthestock
	exchangewhere themaximum volume of
	trading in the sharesofthe TC are
	recordedduring such period.	NotApplicable. (Acquisitionisby way of gift)
.	If in-frequently traded,theprice as
Ldetermined in terms ofclause (e) of sub—
	regulation (2) ofregulation 8.	Not Applicable.
	Declaration bytheacquirer, that the	NotApplicable.
	acquisition price wouldnotbe higher by	There is no consideration involved asthe transferof
	morethan25% oftheprice computed inoint 6 orpoint 7as applicable.	34764-00 equity sharesis by way ofgift.
Declaration bythe acquirer, that thetransferorandtransfereehave complied/willcOmply with‘applicable disclosurerequirements in Chapter Vofthe Takeover		Iherebydeclare thatthetransferorandtransfereehave complied/will comply with applicabledisclosure requirementsin Chapter VoftheTakeoverRegulations, 2011
Regulations, 2011(corresponding provisionsof the		(correspondingprovisions ofthe repealedTakeoverRegulations 1997)

• repealed[Takeover] Regulations 1997) Declaration by the acquirerthat all the conditions specified under regulation

• 1. 10(1)(a) with respect to exemptions has been duly complied with.

• I hereby declare that all the conditions specified under Regulation 10(1) (a) with respect to exemptions has been duly complied with

1. Shareholding details

	Before theproposedtransaction	Before theproposedtransaction	After theproposedtransaction	After theproposedtransaction
	No. ofshares	% w.r.t total No. ofshares		%‘w.r.ttotal
	voting	share	voting	sharecapital
	rights	capital ofTC rights		ofTC
3.Acquirer(s) and PACs(other than
sellers)(*)- Prahaladbhai Shivrambhai Patel	14721919	40.89	18198319	50.55
b.Seller (5)
1. Pooja Prahladbhai Patel	2588400	7.19	1000000	2.78
2. Sagar Prahladbhai Patel	3888000	10.80	2000000	5.56

Note:

• (*) Shareholding of each entity may be shown separately and then collectively in a group. The above disclosure shall be signed by the acquirer mentioning date 8L place. In case, there is more than one acquirer, the report shall be signed either by all the persons or by a person duly authorized to[do] so on behalfof all the acquirers.

Sign

he Acquirer/Au-t—herised—Signa-tery

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.*———__ Name: Prahaladbhai Shivrambhai Patel Place: Ahmedabad Date: Iune 10, 2019