AGM 2026: All 14 resolutions passed including related party deals with Adani group

Board & Shareholder Meetings View source PDF

PSPPROJECT · price

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AI summary

PSP Projects held its 18th AGM on June 27, 2026 via video conferencing. All 14 resolutions were passed, including adoption of FY26 standalone and consolidated financial statements, re-appointment of Mr. Sagar Patel as director, appointment of G.K. Choksi and Co. as Joint Statutory Auditor for 5 years, ratification of cost auditor remuneration, and approval of material related party transactions with 8 Adani group entities for FY27. Promoters abstained on related party resolutions due to conflict of interest.

Likely market impact

All key items approved with strong majority. Continued business with Adani group entities signals stable order pipeline for FY27.