PSP Projects Limited has informed the Exchange regarding Proceedings of Annual General Meeting held on September 27, 2025
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PSP Projects Limited held its 17th Annual General Meeting on September 27, 2025, via video conferencing, running from 11:00 AM to 11:25 AM, with 37 members attending. Five resolutions were put to vote: (1) adoption of audited standalone and consolidated financial statements for FY ended March 31, 2025, (2) re-appointment of Chairman & Managing Director Mr. Prahaladbhai S. Patel, who retires by rotation, (3) appointment of M/s. Chirag Shah & Associates as Secretarial Auditor for a first term of five years, (4) approval of an increase in remuneration for related party Mr. Dinubhai Patel, and (5) ratification of Cost Auditors' remuneration for FY 2025-26. The company confirmed that the auditors' reports on the FY25 financial statements contained no qualifications, reservations, adverse remarks, or disclaimers. All five resolutions were approved with the requisite majority through e-voting, and consolidated voting results are to be declared within two working days.
Routine AGM proceedings with clean auditor reports and shareholder approval of all resolutions suggest stable corporate governance with no immediate negative signals. The increase in remuneration for related party Mr. Dinubhai Patel is a minor governance item worth noting, though it passed via ordinary resolution. Stock-price impact is likely neutral pending the formal e-voting results.