PSP Projects Limited — Regulatory Filings 2021

Feb 26, 2021

® a ~T psp Tut? PSP Projects Ltd. ISO 9001 : 2015, 14001 : 2015, 45001 : 2018 Certified Company

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Ref No: PSPPROJECT/SE/99/20-21

February 26, 2021

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

Listing Department National Stock Exchange of India 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[-] Intimation of incorporation of a wholly owned subsidiary under section 8 of the CompaniesAct, 2013

Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we wish to inform you that PSP Projects Limited (‘the company’) has incorporated a wholly owned subsidiary under section 8 of the Companies Act, 2013 in the name and style of ‘PSP Foundation’ on February 26, 2021.

The details as required under SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 read with SEB] Circular No. CIR/CFO/CMD/4/2015 dated September 09, 2015 are as under:©

	2	015 a	015 a		re as under:- ©
		Sr.no			Particulars		Details
			a			Nameofthe target entity, details in brief such as size. turnoveretc.
							a. Authorised sharecapital: Rs. 15,00,000
							b. Paid sharecapital: Rs. 1,00,000
							Turnover: Nil (yet to commence business
					Whetherthe acquisition would fall within related party transaction(s) and whether the promoter/		operations) The initial subscription by the company does not fall within the purview of the Related Party Transaction.
					promoter group/ group companies have anyinterestinthe entity being acquired? If yes, nature of interest and details thereof and whether the		The promoter group/group companies do not have anyinterest in PSP Foundation. / k©?=O)
					same isdoneat "arm's length"	+
‘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

TRL PSP[project’][edi] ISO 9001 : 2015, 14001 : 2015, 45001 : 2018 Certified Company c Industry to which the entity being PSP Foundation is incorporated as a ‘Not for acquired belongs Profit’ company limited by shares under Section 8 of the Companies Act, 2013 to CSR promote[and] support activities d. Objects[and] effects of acquisition PSP Foundation is incorporated as a Section (including[but] notlimited to, 8 Company to conduct activities or projects, disclosure of reasons for acquisition either by itself or otherwise by an entity of target entity,if its business is covered under Rule 4 of the Companies outside[the] main[line][of business][of] (Corporate Social Responsibility Policy) the listed entity); Rules, 2014, or any subsequent enactmentor modification thereof, including but not limited to Eradicating hunger, promoting education, promoting gender equality, ensuring environmental sustainability Promoting sports etc. PSP Foundation has been incorporated as a CSR arm of PSP Projects Limited. e. Brief details of any governmental or N.A. regulatory approvals required for the acquisition; f. indicative time period for N.A. completion of the acquisition; g. Nature of consideration - whether Subscription[of] Shares[in] the[PSP] Foundation cash[consideration] or[share] swap is by way of Cash consideration. and details of the same h. cost of acquisition or the price at The Company has subscribed to 10,000 whichthe sharesare acquired; Equity Shares of Rs.10 each aggregating to Rs.1,00,000/i. percentage of shareholding /| The Company holds 100%[shareholding] in |[control][acquired][and] /ornumberof| PSP Foundation with one nominee shares acquired; shareholder holding one share on behalf of the company. j. brief background about the entity PSP Foundation is incorporated in India as a acquired in terms of products/line wholly-owned subsidiary of the Company on of business acquired, date of| February 26, 2021 and registered with incorporation,. history of last 3] Registrar of Companies, Gujarat at years turnover, country[in][which] Ahmedabad. __|_the acquired entity has presence ' and any other significant History / Turnover:[Not] Applicable information (in brief); Business activity: PSP Foundation is a ‘Not for profit’ company limited by shares| incorporated under Section 8 of the PASE / Phone‘PSP House’,: 079 -Opp.2693 Celesta6200, 2693Courtyard,6300, 2693Opp. 6400Lane ofFaxVikramnagarNo. : 079 - Colony,2693 6500ISCON| EmailAmbali: info@pspprojects.comRoad, Aymedabad-380| URL058.: www.pspprojects.com (; i CIN : L45201GJ2008PLC054868 | We? : * SABE

[se] PSPTay[roject’][rid] ISO 9001 : 2015, 14001 : 2015, 45001 : 2018

Certified Company

Companies Act, 2013.

None ofthe objects of the PSP Foundation will be carried out on commercial basis.

This is for information and record. your

Thanking You,

For PSP Projects Limited

Mittali[custachay] 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 |