This comes a day after Adani Infra (India) announced a significant stake purchase in PSP Projects. Adani Infra (India), Adani Group's PMC arm, signed definitive agreements to acquire up to 30.07% stake from PSP Project's existing promoter - Prahladbhai S. Patel. Presently, Prahladbhai S Patel and Family own 60.14% stake in the company. Meanwhile, Adani Infra (India) has launched an open offer to acquire additional 1,03,06,866 shares, or 26% stake in PSP Projects from public shareholders. The offer price is set at Rs 642.06 per share, valuing the deal at approximately Rs 662 crore. This acquisition, along with a simultaneous share purchase agreement with the existing promoter, will result in Adani Infra and the existing promoters holding equal stakes and joint control of the company. Existing promoters hold a 60.14% interest in PSP Projects. Prabhladbhai S Patel holds 47.76% shares, of which he is selling 30.07%. PSP Projects will continue to be led by existing chairman, MD & CEO - Prahladbhai Patel. As part of the transaction, Adani Infra will get equal rights and representation on the board. PSP Projects is an EPC company in India with an order book of Rs 6,546 crore. It has executed marquee projects such as Surat Diamond Bourse, Kashi Vishwanath Dham, Palladium Mall (Ahmedabad), among others. Adani Infra (India) is the PMC arm of Adani Portfolio, which is owned 100% by the Adani Family. The partnership will aim to propel PSP Projects into becoming one of the leading EPC companies in India, on the back of accelerated growth in India's infrastructure development. Adani Portfolio of companies is looking to invest $100 billion as capex over the course of next decade, PSP Projects said in a statement. PSP Projects is a diversified construction company offering a wide range of services across industrial, institutional, government, and residential sectors. On a consolidated basis, net profit of PSP Projects declined 73.47% to Rs 10.22 crore while net sales declined 5.44% to Rs 585.97 crore in Q2 September 2024 over Q2 September 2023. Powered by Capital Market - Live

Adani Infra (India), Adani Group's PMC arm, signed definitive agreements to acquire up to 30.07% stake from PSP Project's existing promoter - Prahladbhai S. Patel. Presently, Prahladbhai S Patel and Family own 60.14% stake in the company. Meanwhile, Adani Infra (India) has launched an open offer to acquire additional 1,03,06,866 shares, or 26% stake in PSP Projects from public shareholders. The offer price is set at Rs 642.06 per share, valuing the deal at approximately Rs 662 crore. This acquisition, along with a simultaneous share purchase agreement with the existing promoter, will result in Adani Infra and the existing promoters holding equal stakes and joint control of the company. Existing promoters hold a 60.14% interest in PSP Projects. Prabhladbhai S Patel holds 47.76% shares, of which he is selling 30.07%. PSP Projects will continue to be led by existing chairman, MD & CEO - Prahladbhai Patel. As part of the transaction, Adani Infra will get equal rights and representation on the board. PSP Projects is an EPC company in India with an order book of Rs 6,546 crore. It has executed marquee projects such as Surat Diamond Bourse, Kashi Vishwanath Dham, Palladium Mall (Ahmedabad), among others. Adani Infra (India) is the PMC arm of Adani Portfolio, which is owned 100% by the Adani Family. The partnership will aim to propel PSP Projects into becoming one of the leading EPC companies in India, on the back of accelerated growth in India's infrastructure development. Adani Portfolio of companies is looking to invest $100 billion as capex over the course of next decade, PSP Projects said in a statement. PSP Projects is a diversified construction company offering a wide range of services across industrial, institutional, government, and residential sectors. On a consolidated basis, net profit of PSP Projects declined 73.47% to Rs 10.22 crore while net sales declined 5.44% to Rs 585.97 crore in Q2 September 2024 over Q2 September 2023. Powered by Capital Market - Live

Net profit of PSP Projects declined 73.47% to Rs 10.22 crore in the quarter ended September 2024 as against Rs 38.52 crore during the previous quarter ended September 2023. Sales declined 5.44% to Rs 585.97 crore in the quarter ended September 2024 as against Rs 619.65 crore during the previous quarter ended September 2023. ParticularsQuarter EndedSep. 2024Sep. 2023% Var. Sales585.97619.65 -5 OPM %6.4211.70 - PBDT31.5966.10 -52 PBT13.6651.74 -74 NP10.2238.52 -73 Powered by Capital Market - Live

PSP Projects will hold a meeting of the Board of Directors of the Company on 25 October 2024.Powered by Capital Market - Live

PSP Projects has received a work order for Construction of high rise Residential Tower 'SIBAN' at GIFT City, Gandhinagar worth Rs 269.55 Crores (excl. GST) in Residential Category. The project is to be completed within a period of 31 months. With receipt of above order, the total order inflow for the financial year 2024-25 till date amounts to Rs 1714.46 crore. Powered by Capital Market - Live

PSP Projects has received work orders of Rs 554.92 crore as detailed below: 1. Construction of Gold Stone Hotel and Commercial Towers at Bangalore, Karnataka worth Rs 389.29 crore (excl. GST) in Institutional Category. The projects are to be completed within a period of 22 months and 16 months respectively. 2. 2. Construction Residential Towers in Ahmedabad worth Rs 165.04 crore (excl. GST). The Project is to be completed within a period of 24 months.Powered by Capital Market - Live

PSP Projects announced that the 16th Annual General Meeting (AGM) of the company will be held on 18 September 2024.Powered by Capital Market - Live

PSP Projects has appointed Swati Mehta (DIN: 00541632) as an Additional Non-Executive Independent Director of the Company with effect from 02 August 2024. Powered by Capital Market - Live