PSP Projects Limited — Regulatory Filings 2021

Jul 15, 2021

Ty PSP L 7 eat PSP[project’] Ltd. ISO 9001 : 2015, 14001 : 2015, 45001 : 2018 Certified Company

Ref No: PSPPROJECT /SE/23/21-22

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

July 15, 2021

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

Dear Sir/Madam,

Subject: Disclosure under Regulation 23(9} of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015

Pursuant to Regulation 23 (9) of the[SEBJ] (Listing Obligations and Disclosure Requirements) Regulations, 2015, please[find] enclosed herewith[Disclosure] of[Related] Party Transactions on. a consolidated basis in the[format] specified in the relevant accounting[standards] forthe half year[ended][March] 31,[2021.]

The sameis available on the Company’s website: www.pspprojects.com.

Kindly take the same-on your record:

Thanking[You,]

Yours faithfully,

For PSP Projects Limited ZOECJEON aN: ‘pA (stepeAane wrpu 7s) Mittali Christacharyal NEaBADie Company Secretary and[Compliance] officer

Encl: As above

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‘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 ‘ah pV SEEoe.[eh] at

PSP Projects Limited Related Party hi $[7a]

bai. ona fidated basis for the period from October 01, 2020 te March 31, 2021

{i}, Names of the related parties and description of relationship As perthe Indian Accounting Standard-24 on “Related Party Disclosures”, list of related parties identified of the Company are as follows.

As perthe Indian	Accou	nting	Standard-24 on “Related Par	ty Disclosures”,listof related parties ide	ntified of the	Companyare asfollo
fa) Subsidiary
Name ofthe entity				Type
PSP Foundation [*]				Subsidiary
{b) Assoclate/joint Venture
Nameofthe enthkty
M/s. GDCL and PSP Joint Venture				Joint Venture
P & J Bullders LLC				Step down Foreign Joint Venture -	Level-t
PSP Fremont LLC				Step down Foreign Joint Venture -	Level-!
Guttenberg Projects LLC				Step down Foreign Joint Venture-	Level-il
(c) Kay Mi	Personnel &		Relatives
Name of the Key Mantagemant		P.	ft	Status
Mr. PrahatadbhaiS. Patel				Chairman & Managing Director
Mrs. Shilpaben P, Patel				Whole Time Director (Resigned From August 05,		2020)
Ms. Pooja P. Patel				Whole Time Director
Mr. Sagar P. Patel .				Executive Director (From Octaber 22, 2019)
Mr. Chirag Narendra Shah				Independent Director
Mr. Sandeep Himmatlal	Shah			Independent Director
Mr. Vasishtha PramodbhalPatel				Independent Director
Mrs. Zarana Pratik Patel				Independent Director (From October 22, 2019)
Mrs. Hetal Patel				Chief Financial Officer
Ms.Mittali Christachary				Company Secretary
Nameofthe Relat				Relation
Mr. Dinubhai Patel				Brother of Chairman & Managing Director
{d)_ Entities led	by Directors		/ Relatives of Directors:
Nameofthe Entities
PSP Properties Private Limited				Sprybit Softlabs LLP		Shilp Products LLP
M/s. AP Constructions				M/s. SIM Developers

	[*] PSP FoundationIsa company profits to Its members.in viewof	[*] PSP FoundationIsa company profits to Its members.in viewof	incorporated under Section 8of the Companies Act, 2013 and this restrictions on Section 8 companies, the parent Company's share	incorporated under Section 8of the Companies Act, 2013 and this restrictions on Section 8 companies, the parent Company's share	companyIs prohibited in PSP Foundation has	togive any right overtheir not been consideredin	togive any right overtheir not been consideredin
	consofidated financiaf statement.
{ii	Ti jons with related	parties:				Rs. in	Lakhs}
	. Passicutars			Forthe	half year ended on	‘Forthe half year ended on
				March34, 2021		March 31, 2020
	Interest Income by Holding Company
	M/s. GDCL and PSP Joint Venture				31.43		59,60
	interest Income by Subsidiary
	P &J Builders LLC				=		25.65
	PSP Fremont Lic				76.68		63.57
	Interest Expenses by Subsidiary
	Prahéladbhal’. Patel				338		6.00
	Receipt of Services
	M/s. AP Constructions				543.32	526.42
	DinubhalPatel				12.50		12.50
	Sprybit Softiabs LLP				5.42		.
	PrahaladbhalS. Patel				30.58		27.23
	Sale of Concrete Mix
	M/s. GDCL and PSP Joint Venture				-		2.06
	Shilp Products LLP				28.23		13.33
	M/s. AP Constructions				9.81		-
	Sale of Construction Materials/ Assets
	Shilp Products LLP				6.50		=
	Purchase of Construction	Materials / Assets
	Shilp Products LLP				78.01		“
	Reimbursements of Expenses
	M/s. GDCL and PSP Joint Venture (BG Charges}				-		10.34
	Share of Profit/(Loss) from Joint		Venture by	Holding Company
	M/s. GDCL and PSP Joint Venture				{9.06}	(18.75)
	Share of Profit/ (Loss) from Joint		Venture by	Subsidiary
	P &J Builders LLC				(6.87)	(12.35)
	PSP Fremont LLC Director's Sitting Fees Paid				(2.13)		(1.83) sO
	Mr, Chirag Narendra Shah				_ 0.30		60
	Mr. Sandeep Himmatial Shah				0.30		0.45
	Mr. Vasishtha Pramodbhai Patel				0.30		0.60
	Mrs. Zavana Pratik Patel				0.15		0.30
	Remuneration / Salary
	Mr. PrahaladbhaiS. Patel				270.00	270,00
	Mrs.Shilpaben P. Patel				-		30.00
	Ms. Pooja P. Patel				75.00		51.00
	‘Mr. Sagar P. Patel				12.00		10.24
	Mrs. Hetal Patel				14.16		12.99
	Ms, Mittali Christachary				3.75		3.41
	Provision for Loss of Investment
	P & J Builders LLC				{23.97)		14.91
	PSP Fremont LLC				333		2.76
	Investment in Equityof Subsidiary
	PSP Foundation				1.00		.
	Loan Repaid to Director by	Subsidiary
	Mr. Prahaladbhai5. Patel				{100.00}		-
	‘Loatts by Subsidiary
	P &J Builders LLC (Net)				(15.80)		39.70
	PSP Fremont LLC (Net)				348.24	119.61
	Loans by Holding Company
	Més. GDCLand PSP Joint Venture (Net)				(190.24)	(284.50)

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(iti)	ding bai:	arising from	arising from	sales/purch	of goods/services	with related Parties:			(Rs.	in	Lakhs)
	pateculst						Asat March 31,	2021	Asat March 31,2020
	Investment by Holding	Company
	M/s. GDCL and PSP Joint Venture							44.59			44.59
	PSP Foundation							1.00
	Investment by Subsidiary
	P&J Bullders LLC							228.74			1.79
	PSP Fremont LLC							0.07			0.07
	Loans Receivable by Subsidiary
	P&J Bullders LLC							-		750.18
	PSP Fremont LLC							2,472.98		1,918.11
	Loans Recelvable by Holding Company
	M/s. GDCL and PSP Joint Venture							540.03		773.00
	M/s. GDCL and PSP Joint Venture		(Cr. Balance in currentcapital}					-		(109.56}
	Loans Payable by Subsidiary
	Mr. PrahaladbhaiS. Patel							-			1090.00
	interest Payable by Subsidiary
	Mr. PrahatadbhaiS. Patel
	Trade Payables
	Més. AP Constructions							102.22			80.55
	Mr. DinubhaiPatel							6.25			6.25
	Shilp Products LLP							28.00			st
	Other Financial Assats	(Intarest	Receivable) by Holding Company
	M/s. GDCL and PSP Joint Venture							-		301.83
	Other Financial Assats	{Interest	Receivable) by Subsidiary
	P &J Builders LLC							=			50.71
	PSP Fremont LLC							147.76			90,13
	Provisionfar Loss /Loss	on investment by Subsidiary
	PR) Builders LLC							226.66			32.45
	PSP Fremont LLC							6.22			2.69
	Remuneration / Salary	Payable
	Mr. PrahaladbhalS. Patel							23.85			24.65
	Mrs. Shilpaben P. Patel							-			9.35
	Ms. Pooja P. Patel							3.40			5.48
	Mr. SagarP. Patel							156			167
	Mrs. Hetal Patel							178			1.82
	Ms. Mittali Christachary							0.55			0.53

() Ouher Notes:

a . Transactions with related parties are made on terms equivalent to those that prevail in arm's length transactions. All the credit facilities of Rs.61,000 Lakhs {P.¥. Rs. 61,000 Lakhs) and Term loan of Rs. 1,291.41 Lakhs as on 31.03.2021 (Rs. 662.63 Lakhs as on

. 31.03.2020) are guaranteed by Mr. Prahaladbhal S. Patel, Mrs. Shilpaben[P.] Patel and Ms. Pooja[P,] Patel and secured against collateral securities held In the name of company and Mr. Prahaladbhai S. Patel.

. The Holding Company has given Performance BG of Rs. 196.87 Lakhs (P.¥. Rs. 656.23 Lakhs) to M/s. Gujarat Metro Rail Corporation Limited to the extent of[49%][stake][in] M/s.[GDCL][And][PSP] Joint Venture for[the] project carried out by the Joint Venture.

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