PSP Projects Ltd.ISO 9001 : 2015, 14001 : 2015, 45001 : 2018

Certified Company

Ref No: PSPPROJECT/SE/75/20-21 November26, 2020Corporate Relations Department Listing DepartmentBSELimited National Stock Exchangeof India Limited

_ Floor 25, P.J. Towers, ExchangePlaza, Bandra Kurla Complex,_ Dalal Street, Mumbai- 400 001 Bandra (East), Mumbai - 400 051- Scrip code: 540544 Scrip Symbol: PSPPROJECT

DearSir/Madam,

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

Pursuant to Regulation 23 (9) of the SEBI (Listing Obligations and Disclosure Requirements)Regulations, 2015, please find enclosed herewith Disclosure of Related Party Transactions on aconsolidated basis in the format specified in the relevant accounting standardsfor the half yearended September30, 2020.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~

_ peCompanySecretary and Compliance officer

Encl.: As mentioned 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.comCIN : L45201GJ2008PLC054868

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PSP project’ Ltd.ISO 9001 : 2015, 14001 : 2015, 45001 : 2018

Certified Company

PSP Projects Limited

Related Party Transactions on a Consolidated basis for the period from April 01, 2020 to September30, 2020 (Consolidated)

(i) Namesof the related parties and description of relationship

As per the Indian Accounting Standard-24 on “Related Party Disclosures”, list of related partiesidentified of the Companyareas follows.

(a) Associate /Joint Venture

Nameofthe entity Type ;

M/s. GDCL and PSP Joint Venture Joint Venture 7P &J Builders LLC Step down Foreign Joint Venture- Level-IPSP Fremont LLC Step down Foreign Joint Venture - Level-IGuttenberg Projects LLC Step down Foreign Joint Venture- Level-II

(b) Key Management Personnel & Relatives

Name ofthe Key Management Personnel StatusMr. Prahaladbhai S. Patel Chairman & Managing DirectorMrs. ShilpabenP.Patel Whole TimeDirector (Resigned from August 05, 2020)Ms. Pooja P. Patel WholeTime DirectorMr. SagarP. Patel Executive DirectorMr. Chirag Narendra Shah IndependentDirector‘Mr. Sandeep Himatbhai Shah Independent DirectorMr.Vasishtha Pramodbhai Patel Independent Director

- Mrs. Zarana Pratik Patel Independent Director, Mrs. Hetal Patel =. Chief Financial Officer

Ms. Mittali Christachary CompanySecretary

. Nameof the Relative Relation‘Mr. Dinubhai Patel Brother of Chairman & Managing Director

(c) Entities controlled by Directors / Relatives of Directors:Nameof the EntitiesPSP Properties Private LimitedSprybit Softlabs LLP *

Shilp Products LLPM/s. A P Constructions‘M/s. SIM Developers

‘PSP House’, Opp. Celesta Courtyard, Opp. Lane of Vikramnagar Colony, ISCON - Ambali Road, Anmed 3 a *: aPhone : 079 - 2693 6200, 2693 6300, 2693 6400 | Fax No. : 079 - 2693 6500 | Email : info@pspprojects.co REY .pspprojects.com

CIN : L45201GJ2008PLC054868

(ii) Transactions with related parties:

TsiPSP project’aISO 9001 : 2015, 14001 : 2015, 45001 : 2018Certified Company

(Rs. in Lakhs)

Particulars For thehalfyear For the half yearended on ended on

September30, September30,2020 2019

Interest Income by Holding CompanyM/s. GDCL andPSPJoint Venture 45.14 74.04Interest Income by SubsidiaryP &J Builders LLC 37.46 63.58PSP Fremont LLC 72.93 Z117Interest Expenses by SubsidiaryPrahaladbhai S. Patel 6.02 6.00Receipt of ServicesM/s. A P Constructions 315,51 374.62Dinubhai Patel 12.50 12.50Sprybit Softlabs LLP 8.41 4.92Prahaladbhai S. Patel 27.90 26.49Sale of Concrete MixM/s. GDCL andPSPJoint Venture 5 257Shilp Products LLP 4.60 -Sale of Construction Materials

/

Shilp Products LLP 10.43 -

Purchaseof Construction MaterialsShilp Products LLP 0.06 -

Reimbursements of ExpensesM/s. GDCL and PSPJointVenture (Statutory Payments) 1.58 -

‘Share ofProfit / (Loss) from Joint Venture by HoldingCompany

~ M/s. GDCL and PSPJoint Venture (37.23) 47.17: - Share ofProfit / (Loss) from Joint Venture by Subsidiary

P & J Builders LLC (185.25) (2.56)PSP Fremont LLC (1.41) (1.13)Director's Sitting Fees PaidMr. Chirag Narendra Shah 0.30 0.15Mr. Sandeep Himatbhai Shah 0.15 0.30Mr. Vasishtha Pramodbhai Patel 0.30 0.30Mrs. Zarana Pratik Patel 0.30 -

Remuneration / SalaryMr. Prahaladbhai S. Patel 230.40 270.00Mrs. Shilpaben P:Patel 49.22 90.00Ms. Pooja P. Patel 47,52 51.00Mr. SagarP.Patel 10.24 1.63

’ Mrs. Hetal Patel 8.75 12.25Ms. Mittali Christachary 2.33 3.31Investment by SubsidiaryP &J Builders LLC po 216.09 -

PSP Fremont LLC PoOSEOmN . 0.07ON

‘PSP House’, Opp. Celesta Courtyard, Opp. Lane of Vikramnagar Colony, ISCON - Ambali eeFLoeakes BB:

Phone : 079 - 2693 6200, 2693 6300, 2693 6400| Fax No.: 079 - 2693 6500 | Email:info pépbrojectseiCIN : L45201GJ2008PLC054868L : www.pspprojects.com

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PSP project’ Ltd.graemetetgeen180-9001: 2015;14001-: 2045,45004-2018Loansby Subsidiary Certified CompanyP & J Builders LLC (Net) a ee (734.37) _ (1,621.79) |

_

PSP FremontLLC (Net) S soe i = 20663 > 1,798.50Loans by Holding CompanyM/s. GDCL and PSPJoint Venture (Net) (235.00) (120.00) |

(iii) Outstanding balances arising from sales /purchases of goods/services with related Parties:(Rs. in Lakhs)

Particulars Asat As atSeptember30, 2020 September30, 2019

Investment by Holding CompanyM/s. GDCL and PSPJointVenture 44.59 44.59Investmentby SubsidiaryP & J Builders LLC 217.88 1,79PSP Fremont LLC 0.07 0.07Loans Receivable by SubsidiaryP & J Builders LLC - 710.46PSP Fremont LLC 2,084.33 1,798.50Loans Receivable by Holding CompanyM/s. GDCL and PSPJointVenture 538.00 1,057.50M/s. GDCL and PSPJoint Venture (Cr. Balancein (35.88) (93.49)current capital)Loans Payable by SubsidiaryMr. Prahaladbhai S. Patel 100.00 - 100.00Interest Payable by SubsidiaryMr. Prahaladbhai S. Patel : 5.40Trade PayablesM/s. A P Constructions 121.28 81.06Mr. Dinubhai Patel 6.25 6.25Other Financial Assets (Interest Receivable) byHolding Company

'_M/s. GDCL and PSPJoint Venture 15.53 244.91‘ ’

Other Financial Assets (Interest Receivable) by. Subsidiary

P &J Builders LLC 11.38 22.80*

, PSP Fremont LLC 71.30 21.30Provision for Loss /Loss on investment bySubsidiaryP.& J Builders LLC (219.78) (20.96)PSP Fremont LLC (4.16) (1.13)Remuneration / Salary PayableMr. Prahaladbhai S. Patel 23.85 24.65“Mrs. Shilpaben P.Patel - 9.35Ms. Pooja P. Patel 8.40 5.48Mr.Sagar P.Patel 1.56 0.26‘Mrs.Hetal Patel 1.66Ms. Mittali Christachary 0.55

‘PSP House’, Opp. Celesta Courtyard, Opp. Lane of Vikramnagar Colony, ISCON - Ambali Road, Ahmedabad-

Phone : 079 - 2693 6200, 2693 6300, 2693 6400 | Fax No.: 079 - 2693 6500 | Email : info@pspprojects.com |

CIN : L45201GJ2008PLC054868