Interim report
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Ref No: PSPPROJECT/SE/38/26‐27 November 02, 2026 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: Outcome of Board Meeting Pursuant to Regulation 30, 33 and other related Regulations of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 and with reference to the captioned subject, we hereby inform that the Board of Directors, at their meeting held today i.e. November 02, 2026, have inter alia: 1. Approved and took on record the Un-Audited Standalone and Consolidated Financial Results as per Indian Accounting Standards (IND AS) along with the Limited Review Report by the Joint Statutory Auditors thereon for the quarte r and half year ended September 30, 2026, as reviewed and recommended by the Audit Committee. 2. Approved the shifting of Registered Office of the Company from 'PSP House', Opp. Celesta C o u r t y a r d , O p p . L a n e o f V i k r a m N a g a r C o l ony, Iscon-Ambali Road, Ahmedabad - 380058, Gujarat to PSP Corporate House, “Ninety”, Anand Niketan School Lane, Behind L. J. University, Sanand- Sarkhej Road, Ahmedabad – 382210, Gujara t, India with effect from November 04, 2026, both premises being situated within the same city, local limits and within the jurisdiction of the Registrar of Companies, Gujarat in accordance with the applicable provisions of the Companies Act, 2013 and the rules made thereunder. We are enclosing herewith the Un-Audited Standalo ne and Consolidated Financial Results for your information and record as Annexure – A. The same will be made available on the Company’s website at www.pspprojects.com. The Board Meeting commenced at 11:00 A.M. and concluded at 2:30 P.M. This is for your information and record. Thanking You, Yours faithfully, For, PSP Projects Limited Pooja Dhruve Company Secretary and Compliance Officer Membership No.: A48396 Encl: As Above
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Kantilal Patel & Co. Chartered Accountants "KPC House", Besides High Court, Auditorium Gate, Sola, Ahmedabad - 380 060. G.K. Choksi & Co Chartered Accountants One42, 1201-901, North Tower, Billionaires St., off Ambli Road, Ashok Vatika, Ahmedabad - 380058. Independent Auditor's Review Report on the Quarterly and Year to Date Unaudited Consolidated Financial Results of the Company pursuant to Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended. To The Board of Directors of PSP Projects Limited. 1. We have jointly reviewed the accompanying statement of unaudited consolidated financial results of PSP Projects Limited. (the 'Holding Company') and its subsidiaries (the Holding Company and its subsidiaries together referred to as the 'Group') and its joint venture for the quarter ended September 30, 2026 and year to date from April 01, 2026 to September 30, 2026 (the 'Statement'), attached herewith, being submitted by the Holding Company pursuant to the requirement of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended (the 'Listing Regulations'). 2. The Statement, which is the responsibility of the Holding Company's Management and approved by the Holding Company's Board of Directors, has been prepared in accordance with the recognition and measurement principles laid down in Indian Accounting Standard 34 (Ind AS 34), 'Interim Financial Reporting', prescribed under Section 133 of the Companies Act, 2013, as amended, read with relevant rules issued thereunder and other accounting principles generally accepted in India and in compliance with Regulation 33 of the Listing Regulations. Our responsibility is to express a conclusion on the Statement based on our review. 3. We conducted our review of the Statement in accordance with the Standard on Review Engagements (SRE) 2410, 'Review of Interim Financial Information Performed by the Independent Auditor of the Entity' issued by the Institute of Chartered Accountants of India. This standard requires that we plan and perform the review to obtain moderate assurance as to whether the Statement is free of material misstatement. A review of interim financial information consists of making inquiries, primarily of persons responsible for financial and accounting matters, and applying analytical and other review procedures. A review is substantially less in scope than an audit conducted in accordance with Standards on Auditing _and consequently does not enable us to obtain assurance that we could become aware of all ----... L .PA 7 {g V - , 3 / I£ s I { si ire } · 9 e , > - 4 ·eDACCS
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Kantilal Patel & Co. Chartered Accountants G.K. Choksi & Co Chartered Accountants significant matters that might be identified in an audit. Accordingly, we do not express an audit opinion. We also performed procedures in accordance with the Master Circular issued by the Securities and Exchange Board of India under Regulation 33(8) of the Listing Regulations, to the extent applicable. 4. The Statement includes the interim financial results of the following entities: Subsidiaries - PSP Construction Solutions Private Limited (formerly known as PSP Projects & Proactive Constructions Private Limited) PSP Foundation Joint Venture - GDCL and PSP Joint Venture 5. Based on our review conducted and procedures performed as stated in paragraph 3 above and based on the consideration of the review reports of one of the joint auditors referred to in paragraph 6 below, nothing has come to our attention that causes us to believe that the accompanying Statement, prepared in accordance with recognition and measurement principles laid down in the aforesaid Indian Accounting Standards ('Ind AS') specified under Section 133 of the Companies Act, 2013, as amended, read with relevant rules issued thereunder and other accounting principles generally accepted in India, has not disclosed the information required to be disclosed in terms of Regulation 33 of the Listing Regulations, including the manner in which it is to be disclosed, or that it contains any material misstatement. 6. The Statement includes the unaudited interim financial results and other unaudited financial ' information of: (a) 2 (two) subsidiaries, whose unaudited interim financial results and other unaudited financial information include total assets (before consolidation adjustments) of INR 16,485.82 lakhs as at September 30, 2026, total revenue of INR 11,573.41 lakhs and 19,803.79 lakhs (before consolidation adjustments), total net profit after tax of INR 131.01 lakhs and 462.75 lakhs (before consolidation adjustments), total comprehensive income (before consolidation ['S;> adjustments) of INR 131.01 lakhs and 462.75 lakhs for the quarter ended and period ended 6 9 \ = z { 2 /~ ? - -, $ @eoigg; €] - a
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Kantilal Patel & Co. Chartered Accountants G.K. Choksi & Co Chartered Accountants on September 30, 2026 respectively, and net cash outflow of INR 184.95 lakhs for the period from April 01, 2026 to September 30, 2026, as considered in the Statement, which has been reviewed by its independent auditor. (b) 1 (one) joint venture, whose unaudited interim financial results and other unaudited financial information include Group's share of net loss of INR 0.38 lakhs and INR 0.07 lakhs and Group's share of total comprehencive loss of INR 0.38 lakhs and INR 0.07 lakhs for the quarter ended and for the period ended September 30, 2026, as considered in the Statement, which has been reviewed by its independent auditor. These interim financial results have been reviewed by one of the joint auditors and other joint auditor has placed reliance on the same. Our conclusion on the Statement is not modified in respect of the above matter. 7. The unaudited consolidated financial results for the corresponding quarter ended and Year to date ended September 30, 2025, included in the Statement were jointly audited by Kantilal Patel & Co. and Prakash B. Sheth & Co., whose report dated October 17, 2025 expressed an unmodified conclusion on those unaudited consolidated financial results. Our conclusion is not modified in respect of this matter. For Kantilal Patel &4 Co. Chartered Accountants ICAI Firm registration number: 104744W • Partner Membership No.: 153599 Place: Ahmedabad Date: November 2, 2026 UDIN:2¢15359CL PG1063 For G.K. Cho i& Co Chartered A :o\ntants ICAI Firm registration number: 101895W Partner Membership No.: 040727 Place: Ahmedabad Date: November 2, 2026 UDIN: 260 Lo2.372H[xK07ug ·
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PSP Projects Limited Registered if « e :P F H u s e , Opp Celesta Courtyard, Ison-Ambli Road, Ahmed+bad - 380 058 CIN :\45221692008P1LC05436 Website : www.pspprojects com (i) Statement of Unaudited Consolidated Financial Results for the quarter and six months ended September 30, 2026 (Rs. in Lakhs) Quarter ended Half year ended Year ended Sr. No. Particulars 30 09.2026 30 06 2026 30 09.2025 30 09.2026 30 09.2025 31 03.2026 (Unaudited) (Unaudited) (Unaudited) (Unaudited) (Unaudited) (Audited) 1 Income Revenue from Operations 111,323 66 85.347.32 70.285.55 196,670 38 122,062 80 314,355 19 Other Income 490.51 405 61 411.06 835 22 810.75 172588 Total Income 111,814.27 85,752.93 70,697.61 197,567.20 122,873.55 316,592.07 2 Expenses Cost of Materials Consumed 26,875.20 24,662.75 30,244.55 51,537.95 50,309 36 116826 6 Putcha o f Stock-in Trade 9,004.51 4,885 92 13 890 43 Changes in Inventories of Finished Goods, Work-in-Progress and Stock-in Trade (1,304.15) 85 82 2,088 87 (1,218 33) 1,088.79 1,573.83 Construction Expenses 63,158.34 43,3993 36 28,446 00 106,558 20 5365902 154,422.45 Erp'vee Benefits Expense 4,976.94 4,534.17 3,325.24 9,571.11 6.823.13 14,575 4 Finance Cts 766 34 753 69 1.200 05 1,520 03 2,317.33 4,523 80 Depreciation and Amortisation Epense 2,625.21 2,306 60 1,965.05 4.5931 81 3.654.21 8,656 92 Other Expenses 169763 2.23839 115902 3,937.52 2704.29 8.158 1 Total Expenses 107,800 52 82,928 20 68,458.78 190,728.72 120,562.13 309,141.91 3 Profit/(Loss) Before Tax & share of profit / (loss) from Joiot Venture (1-2) 4,013.75 2,824.73 2,238 83 6,838.48 2,311.42 7,450.16 4 Tax Expenses Curet Tax 1,1651.05 1,244.87 707.53 2,40$ 92 993 57 3.667.39 Defeted Tax (171.61 (254.10i (95 081 (425.71 (341.25 (1.777.04 Total Tax Expenses 989.44 990.77 622.45 1,980.21 652.31 1,890.95 5 Profit/(toss) for the period Before share of profit / (loss) from Joint Venture (3 - 4) 3.024.31 1.833.96 1616.38 4.858.27 1 659.11 5.559.21 6 Exceptional Items (net of tax) 7 Share of profit / (loss) from Joint Venture (Net) (0.38 0.31 0.14 (0 07) (0.25) (7.63) 8 Net profit/(loss] after tax and share of profit/(loss) from Joint ventures and 3,023.93 1,834.27 1,616 52 4,858 20 1,658 86 5,551.58 Exceptional Items (546+7) 9 Other Comprehensive Income / (Expenses) (0CI) te n s that will not be recd;ified to Profit or Lass - Remeasurement {expenses]'income of Defioed benefit pians {net of ta) (12.51) (12.61) (5.59 (25.22) (11.19) (50 43) Total Other Comprehensive Income / (Expenses) for the period (12.61) (12.61) (5.59) (25.22) (11.19) (50.43) 10 Total Comprehensive Income/(Expenses) for the period (8+9) 3,011.32 1,821 66 1,610 93 4,832.98 1,647.67 5,501.15 Profit/(Loss) for the period attributable to: - Owners of the company 3,023.93 1,814.27 1,616.52 4,858 20 1,69.85 5,551 58 - Non-controlling Ioterest Other comprehensive income/(expenses) for the period attributable to: - Owners f the company (12.61) (12.61) (5.59) (25.22) (11.19) (50 43) - Non-controlling lot+vest Total comprehensive income/([expenses) for the period attributable to: - Owners of the company 3,011.32 1,821 66 1,610 93 4,832.98 1,647.67 5,501.15 - Non-controlling Interest 11 Paid-up Equity Share Capital - Face Value Rs 10/- each 3,3654.18 3,954.18 3,964.18 3,964.18 3,9654.18 3,364.18 12 Other Equity excluding Revaluation Reserves 122,43101 13 Earnings Per Share of Rs 10/- each [in Rs.) (not annualised for quarters] Ba»ic 7.63 453 4 1 0 12.26 4.21 14.0¢ Diluted 7.53 463 410 12.26 4.21 14 00 (see accompanying notes to the Consolidated Financial Results] SIGNED FOR IDENTIFICATION BY et% 2'b2¢ KANTILAL PATEL & CO. SIGNED FOR IDENTIFCATION PuRPpsEs oNLY ,pl, t. ' + I a . K . C H O WS Z. @
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(ii) Unaudited Consolidated Statement of Asets and Liabilities as at September 30, 2026 Particulars As at Septembe2026 (Unaudited) As at March 31, 2026 (Audited) ASSETS (1) Non current Assets (a) Property, Pliant and Eprent (b) Capital Work-In-Pro@es (c) Other Intangible A:et5 (d) Financial Assets (ij Investments (iij Other Financial Asets (e) Deferred Tax A t (Net) (fy Other Non Curent Asets Total Non-Current Assets (2) Current Assets (a) Inventories (b) Financial Assets (ij Trade receivables (iij Cash and cash equivalents (iii) Bak Balances other than ( j above (iv) Loa0s (v) Other Financial Asets (c) Curent Tax Assets (Net) (d) Other Current Assets Total Current Assets (3) Assets Held for Sale Total Assets EQUITY AND LIABILITIES (1) Equity (a) Equity Share Capital (b) Other Equity Equity attributable to owners of Holding Company Non-Controlling Interests Total Equity LIABILITIES (2) Non-Current liabilities (a) Financial Liabilities jij Borrowings (iij Lese Liabilities (b) Pi0Visions Total Non-Current Liabilities (3) Current Liabilities (a) Financial Liabilities jij Borrowings (iij Lease Liabilities ( iii Trade Payables - Total outstanding dues of micro enterprises and small enterprises - Total outstanding dues of creditors other than mies enterprises and small enterprises (iv) Other Financial Liabilities (b) Other Cuttent Liabilities (c) Provisions (d) Current Tax Liabilities (Net) Total Current Liabilities Total Liabilities Total Equity and Liabilities 45,074.52 41,166 60 960 53 865 42 138 72 141.35 65 58 65.58 19,327.80 21,050 12 4,547.39 4.52158 4,779.73 1,745 42 75,294.37 68,778.27 41,653.76 34,765197 80,963 06 92,82187 7,233 35 26,016 81 13,380.79 15,533.21 40.80 41.26 80,613 09 47,765 62 5,657.90 3,75145 21,954.50 17,396 69 251,509.75 238,697.98 1,411.57 1,411.57 328,215.69 308,887.82 3,554.18 3,964.18 127,253.38 122,431.01 131,228.16 126,395.19 131,228 16 126,395 19 1,524.30 2,2833 09 909.17 1,048 99 777.17 303 11 3,210 64 3,635.19 25,211.53 29,439.46 275.89 256 46 2,15.45 4,846 94 47,749 63 41,672.57 8,54203 5,233 05 108,354.43 96,229.18 1,043.08 1,153 83 0.86 25.95 193,776 89 178,857.44 196,987.53 182,492.63 328,215 69 308,887.82 SIGNED FOR IDENTIFICATION BY 0 ¢ 2"l2¢ KANTILAL PATEL & CO. SIGNED FOR IDENTIFCATION r p R r 9 3,9 " j.. j le I G . K . € H O K S I &¢ C O .
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(iii) Unaudited Consolidated Statement of Cash Flows for the half year ended September 30, 2026 Particulars A Cash flow from operating activities: Profit before tax Adjustments for: Finance costs Depreciation and amortisation expense Expected credit loss allowance Provision for Doubtful Advance Dividend income Interest Income Loss on disposal of Property, Plant and Equipment (Gain) on sale of Property, Plant and Equipment Operating Profit before working capital changes Movements in working capital: (Increase) / Decrease in Inventories (Increase) / Decrease in trade receivable (Increase) / Decrease in other assets Increase / (Decrease) in trade payables Increase / (Decrease) in other liabilities Increase / {Decrease) in provisions Cash generated/(used) from operations: Direct taxes paid (net) Net cash generated/(used) from operating activities (A) (Rs. in Lakhs) Half year ended Half year ended September 30, 2026 September 30, 2025 (Unaudited) (Unaudited) 6,838.41 2,311.17 1,079.21 1,771.85 4,931.81 3,654.21 555.37 1,232.23 810.67 (3.16) (3.16) (859.90) (805.06) 0.35 (24.70) (0.29) 13,327.71 8,161.30 (6,892.69) (167.36) 11,297.44 (17,503.36) (32,146.22) (10,965.31) 1,212.72 857.49 14,441.07 17,686.00 397.01 (141.38) 1,637.04 (2,072.62) (4,325.97) (2,165.90) (2,688.93) (4,238.52) B Cash flows from investing activities: Payment for Property, Plant and Equipment, Intangible assets and Capital Work-in-Progress Proceeds from sale of Property, Plant and Equipment (Purchase)/Proceeds of term deposits (Net) Dividend received Interest received Net cash generated/(used) in Investing activities (B) C Cash flow from financing activities: Proceeds from non-current borrowings (Repayment) of non-current borrowings Proceeds from/ {Repayment) of current borrowings Payment of principal protion of lease liability Payment of interest protion of lease liability Interest paid Net cash generated/(used) in Financing activities (C) NET INCREASE/(DECREASE) IN CASH AND CASH EQUIVALENTS [(A) + (8)+ (C)] Add: Cash and cash equivalents as at beginning of the period Cash and Cash Equivalents as at the end of the period (11,550.20) 243.45 616.77 3.16 859.90 (9,826.92) (1,356.14) (3,630.58) (125.11) (54.24) (1,095.03) (6,261.10) (18,776.95) 26,016.81 7,239.85 (8,955.27) 14.73 4,126.98 3.16 805 06 (4,005.34) 96.60 (1,742.46) 9,474.99 (98.88) (58.66) (1,723.37) 5,948.22 (2,295.64) 7,973.41 5,677.77 Note: The above Cash Flow Statement has been prepared under the 'Indirect method' as set out in the Ind AS - 7 Statement of Cash Flow. 7 ED FOR IDENTIFICTT~NE w 2\hc KANTILAL PATEL & CO. SIGNED FOR IOENTIFCATION PuRPosEs 0NL' j,[L le ' I " • K . c M O K S I &¢ C O .
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PSP Projects Limited Registered Office : PSP House, Opp. Celesta Courtyard, Iscon-Ambli Road, Ahmed a bad - 380 058 CIN :L45201GJ2008PLC054868 Website: www.pspprojects.com (iv) Notes to Consolidated Financial Results Sr. No. Note 1 The above consolidated financial results of the Holding Company have been reviewed by the Audit Committee and approved by the Board of Directors of the Holding Company in their respective meetings held on November 2, 2026. The consolidated financial results are prepared in accordance with the Indian Accounting Standards ("Ind AS"), as applicable and guidelines issued by the Securities and Exchange Board of India ("SEBI"). The Ind AS are prescribed under section 133 of the Act read with Rule 3 of the Companies (Indian Accounting Standards) Rules, 2015, and the Companies (Indian Accounting Standards) (Amendment) Rules, 2016. The said financial results represent the results of PSP Projects Limited ("the Holding Company"), its subsidiaries (together referred to as "the Group" and its share in results of joint ventures which have been prepared in accordance with Ind-AS 110 -- "Consolidated Financial Statement" and Ind AS 28 --"Investment in Associates and Joint Ventures"). The financial results includes results of the following: Wholly Owned Subsidiaries: • PSP Construction Solutions Private Limited (formerly known as "PSP Projects and Proactive Constructions Private Limited") • PSP Foundation Joint Venture: • GDCL and PSP Joint Venture (having 49% proportion of ownership interest) 2 3 The Group is primarily engaged in one business segment viz. construction/project activities (including trading of construction materials), as determined by the chief decision maker in accordance with Ind AS 108, Operating Segments. Further, the operations of the Group are predominately domiciled in India and therefore there are no reportable geographical segment. The standalone financial results of the Holding Company for the quarter and half year ended September 30, 2026 are available on the Company's website (URL: www.pspprojects.com) Key Standalone financials information is given below: For and on behalfyoard 0$ e 7 v. $ \ a»a «ass {a? Chairman & Managing Dire�.: 1 J, -� · DIN : 00037633 ° · Ahmedabad, November 2, 2026 -- $1WED F0[~Ej7sic~ff~NB 0% 2"c II KANTILAL PATEL & CO. Rs. In Lakhs Quarter ended Half year ended Year ended Particulars 30.09.2026 30.06.2026 30.09.2025 30.09.2026 30.09.2025 31.03.2026 (Unaudited) (Unaudited) (Unaudited) (Unaudited) (Unaudited) (Audited) Total Income 1,01,432.14 78,939.97 69,780.19 1,80,372.11 1,21,455.81 3,01,060.29 Profit Before Tax and 2,056.24 2,097.38 Exceptional Item 3,862.11 2,399.95 6,262.00 6,897.08 Profit Before Tax and after 2,056.24 Exceptional Item 3,862.11 2,399.95 6,262.00 2,097.38 6,887.08 Net Profit 2,904.89 1,515.88 1,482.59 4,420.70 1,507.52 5,228.60 Other Comprehensive (5.59) (11.19) Income/(Loss) (12.61) (12.61) (25.22) (50.43) Total Comprehensive Income 2,892.27 1,503.27 1,483.00 4,395.48 1,496.33 5,178.17
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Kantilal Patel & Co. Chartered Accountants KPC House", Besides High Court, Auditorium Gate, Sola, Ahmedabad - 380 060. G.K. Choksi & Co Chartered Accountants One42, 1201-901, North Tower, Billionaires St., off Ambli Road, Ashok Vatika, Ahmedabad - 380058. Independent Auditor's Review Report on the Quarterly and Year to Date Unaudited Standalone Financial Results of the Company pursuant to Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended. To The Board of Directors of PSP Projects Limited. 1. We have jointly reviewed the accompanying statement of unaudited standalone financial results of PSP Projects Limited (the 'Company') for the quarter ended September 30, 2026 and year to date from April 01, 2026 to September 30, 2026 (the 'Statement'), attached herewith, being submitted by the Company pursuant to the requirement of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended (the 'Listing Regulations'). 2. The Statement, which is the responsibility of the Company's Management and approved by the Company's Board of Directors, has been prepared in accordance with the recognition and measurement principles laid down in Indian Accounting Standard 34 (Ind AS 34), 'Interim Financial Reporting', prescribed under Section 133 of the Companies Act, 2013, as amended, read with relevant rules issued thereunder and other accounting principles generally accepted in India and in compliance with Regulation 33 of the Listing Regulations. Our responsibility is to express a conclusion on the Statement based on our review. 3. We conducted our review of the Statement in accordance with the Standard on Review Engagements (SRE) 2410, 'Review of Interim Financial Information Performed by the Independent Auditor of the Entity' issued by the Institute of Chartered Accountants of India. This standard requires that we plan and perform the review to obtain moderate assurance as to whether the Statement is free of material misstatement. A review of interim financial information consists of making inquiries, primarily of persons responsible for financial and accounting matters, and applying analytical and other review procedures. A review is substantially less in scope than an audit conducted in accordance with Standards on Auditing and consequently does not enable us to obtain assurance that we could become aware of all significant matters that might be identified in an audit. Accordingly, we do not express an audit
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Kantilal Patel & Co. Chartered Accountants G.K. Choksi & Co Chartered Accountants 4. Based on our review conducted as above, nothing has come to our attention that causes us to believe that the accompanying Statement, prepared in accordance with the recognition and measurement principles laid down in the applicable Indian Accounting Standards ('Ind AS') specified under Section 133 of the Companies Act, 2013, as amended, read with relevant rules issued thereunder and other accounting principles generally accepted in India, has not disclosed in terms of Regulation 33 of the Listing Regulations, the information required to be disclosed including the manner in which it is to be disclosed, or that it contains any material misstatement. 5. The unaudited standalone financial results for the corresponding quarter and Year to date ended September 30, 2025, included in the Statement were jointly audited by Kantilal Patel & Co. and Prakash B. Sheth &Co., whose report dated October 17, 2025 expressed an unmodified conclusion on those unaudited standalone financial results. Our conclusion is not modified in respect of this matter. For Kantilal Patel & Co. Chartered Accountants ICAI Firm registration number: 104744W �tel Partner Membership No.: 153599 Place: Ahmedabad Date: November 2, 2026 UDIN: 2G353544Fu&0JH132 For G.K. Choksi & Co Chartered andip A. Parikh Partner Membership No.: 040727 Place: Ahmedabad Date: November 2, 2026 UDIN: 2 6 0 \0 )2 6 L H V H 8 3
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PSP Projects Limited Registered Qi~ice .FP House, Opp Celesta Courtyard, Is«on-Ambli Road, Ahredabad - 38 058 CIN :L45201!2008PLC054863 Website : www.pspprojects com (i) Statement of Unaudited Standalone Financial Results for the quarter and six months ended September 30, 2026 (Rs. in Lakhs) Quarter ended Half year ended Year Ended Sr. 30.09.2026 30.06.2026 30.09.2025 30.09.2026 30.09.2025 31.03.2026 No. Particulars (Unaudited) (Unaudited) (Unaudited) (Unaudited) (Unaudited) (Audited) 1 Income evenue from Operations 100,912.97 78,529.63 69,363.13 179,442 60 120,645 06 235,945.24 Other Income 519.17 410.34 411 06 929.51 812.75 2,115 05 Total Income 101,432.14 78,939.97 69,780.19 180,372.11 121,455.81 301,060.29 2 Expenses C st of Materials Consumed 26,591.12 24,510.04 30,151.15 51,101.17 50.065.22 106,016 82 Changes in Inventories of Finshed Goods and Work-In-Pores5 (1,177.25) (28.51) 2,121.47 (1,205.86) 1,213.43 2,149.31 Coostruction Expenses 62,100.85 42,172.85 27,7833.07 104,273.70 52,597.00 150,127.29 Employee Benefits Expense 4,976.92 4,594.17 3,325.24 9,571.11 6,829.13 14,575.04 Finance Costs 762.72 753 59 1,200.05 1,515 42 2,317.33 4,523.79 Depreciation and Amortisation Expense 2,628.95 2,308.75 1,964.09 4,937.70 3,651.54 8,654.28 Other Expenses 1,636.72 2,229.13 1,178.33 3,915.87 2,654.78 8,126 68 Total Expenses 97,570.03 76,540.02 67,723.95 174,110.11 119,358.43 294,173.21 3 Profit/(Loss) Before Tax and Exceptional Item (1-2) 3,862.11 2,399.95 2,056 24 6,262.00 2,097.38 6,887.08 4 Exceptional ltems [net of tax) s Profit/(Loss) Before Tax and after Exceptional Item (3-4) 3,862.11 2,399.95 2,056.24 6,262.00 2,097.38 6,887.08 6 Tax Expense$ Current Tax 1,128.43 1,1385 53 704.60 2,2657.06 933.57 3,545.92 Deferred Tax (171.20) (254.56) (136 95) (425.76) (403.71) (1,557.44) Total Tax Expenses 957.23 884.07 567.65 1,841.30 589.86 1,658.48 7 Profit/(Loss) After Tax (5-6) 2,904.88 1,515.88 1,488.59 4,420.70 1,507.52 5,228.60 8 Other Comprehensive Income/(Expenses) (0CI] (ij ltems that will not be reclassified to Profit or Ls5 - Remeasurement {expenses) /income of Defined benefit plans (net (1261) (12.51) (5.59) (25.22) (11.19) (50 43) of ta·) Total Other Comprehensive Income / (Expenses) for the Period (12.61) (12.61) (5.59) (25.22) (11.19) (50.43) 9 Total Comprehensive Income/(Expenses) for the Period (7+8) 2,892.27 1,503.27 1,483.00 4,395.48 1,496.33 5,178.17 10 Paid-up Equity Share Capital- Face Value Rs 10/- each 3,964.18 3,964.18 3,964.18 3,964.18 3,964.18 3,964.18 11 Other Equity excluding Revaluation Reserves 122,087.72 12 Earnings Per Share of Rs 10/- each (in Rs.) (not annualised for quarters) (Basic) 7.33 382 3.76 11.15 3 8 13.19 (Dibted) 7.33 3.82 3.76 11.15 380 13.19 (See accompanying notes to the Standalone Financial Results) SIGNED FOR IDENTIFICHTT~NEY ye 6 2"We KANTILAL PATEL & C0. sicvcD Fo iD N TiFcA TIO N F i#P o ses o N !', J% te-ow!': ·l ! ' G . K . c o s & c o .
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PSP Projects Limited (ii) Unaudited Standalone Statement of Assets and Liabilities as at September 30, 2026 (Rs. in Lakhs) Particulars ASSETS (1) Non current Assets (a) Property, Plant and Equipment (b) Capital Work-In-Progress (c) Other Intangible A.sets (d) Financial Asets (i) Investments (ii) Other Financial Assets (e) Deferred Tax A:et (Net) (f) Other Non Current Assets Total Non-Current Assets (2) Current Assets (a) Inventories (b) Financial Assets (i) Trade receivables (ii) Cash and cash equivalents () Bank Balances other than (ii) above (iv) Loans (v) Other Financial Assets (c) Current Tax Assets (Net) (d) Other Current Assets Total Current Assets (3) Assets Held for Sale Total Assets EQUITY AND LIABILITIES (1) Equity (a) Equity Share Capital (b) Other Equity Total Equity LIABILITIES (2) Non-Current liabilities (a) Financial Liabilities (i) Borrowings (ii) Lease Liabilities (b) Provisions Total Non-Current Liabilities (3) Current Liabilities (a) Financial Liabilities (i) Borrowings (ii) Lease Liabilities ( Trade Payables - Total outstanding dues of micro enterprises and small enterprises - Total outstanding dues of creditors other than micro enterprises and small enterprises (iv) Other Financial Liabilities (b) Other Current Liabilities (c) Provisions Total Current Liabilities Total Liabilities Total Equity and Liabilities As at September 30, 2026 (Unaudited) 45,126.05 960.53 138.72 437.98 18,161.03 4,946.40 4,779.73 74,550.44 41,427.11 76,247.39 7,206.39 13,380.79 2,540.80 73,283.34 5,638.39 19,858.65 239,582.86 1,411.57 315,544.87 3,964.18 126,483.29 130,447.47 1,524.30 909.17 777.17 3,210.64 As at March 31, 2026 (Audited) 41,183.48 85.42 141.35 437.98 20,563.03 4,520.64 1,746.42 68,679.32 34,374.99 94,029.60 25,798.37 15,533.21 41.26 46,018.28 3,750.68 17,554.24 227,100.63 1,411.57 297,191.52 3,964.18 122,087.72 126,051.90 2,283.09 1,048.99 303.11 3,635.19 25,211.53 29,439.46 276.88 256.46 1,764.10 4,798.24 43,375.83 35,285.47 8,610.59 5,231.88 101,604.75 91,339.09 1,043.08 1,153.83 181,886.76 167,504.43 185,097.40 171,139.62 315,544.87 297,191.52 8IE FOR IDENTIFICATION BY wt% 2"c KANTILAL PATEL & CO. SIGNED FOR IDENTIFCATION PuRP0SES 0NL',.,]L t-'' G . K . C H O K S & co_
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(iii) Unaudited Standalone Statement of Cash Flows for half year ended September 30, 2026 Particulars A Cash flow from operating activities: Profit before tax Adjustments for : Finance costs Depreciation and amortisation expense Expected credit loss allowance Provision for Doubtful Advance Dividend Income Interest Income Loss on disposal of Property, Plant and Equipment (Gain)/Loss on sale of Property, Plant and Equipment (net) Operating Profit before working capital changes Movements in working capital: (Increase) / Decrease in Inventories (Increase) / Decrease in trade receivable (Increase) / Decrease in other assets Increase / (Decrease) in trade payables Increase / (Decrease) in other liabilities Increase / (Decrease) in provisions Cash generated/ (used) from operations: Direct taxes paid (net) Net cash generated/(used) from operating activities (A) (Rs. in Lakhs) Haff Year ended Half Year ended September 30, 2026 September 30, 2025 (Unaudited) (Unaudited) 6,262.00 2,097.39 1,079.21 1,771.85 4,937.70 3,651.54 552.87 1,232.23 810.67 (3.16) (3.16) (893.21) (805.06) 0.35 (24.70) (0.29) 12,721.38 7,944.85 (7,052.12) 2.67 7,229.34 (17,554.82) (27,514.29) (8,217.44) 3,624.40 873.17 12,311.16 14,956.05 329.61 (141.38) 1,649.48 (2,136.90) (4,146.21) (2,165.89) (2,496.73) (4,302.79) B Cash flows from investing activities: Payment for Property, Plant and Equipment, Intangible assets and Capital Work-in-Progress Proceeds from sale of Property, Plant and Equipment (Purchase)/ Proceeds of term deposits (Net) Dividend received Interest received Net cash generated/(used) in Investing activities (B) C Cash flow from financing activities: Proceeds from non-current borrowings (Repayment) of non-current borrowings Proceeds from/ (Repayment) of current borrowings Payment of principal protion of lease liability Payment of interest protion of lease liability Interest paid Net cash generated/(used) in Financing activities (CJ NET INCREASE/(DECREASE) IN CASH AND CASH EQUIVALENTS [(A)+ (B) + (C)] Add: Cash and cash equivalents as at beginning of the period Cash and Cash Equivalents as at the end of the period (11,590.74) 243.45 616.77 3.16 893.21 (9,834.15) (1,356.14) (3,630.58) (125.11) (54.24) (1,095.03) (6,261.10) (18,591.98) 25,798.37 7,206.39 (8,969.19) 14.73 4,126.98 3.16 805.06 (4,019.26) 96.60 (1,742.46) 9,474.99 (98.83) (58.66) (1,723.37) 5,948.22 (2,373.83) 7,966.79 5,592.96 Note to Statement Cash Flows 1 The above Statement of cash flows has been prepared under the 'Indirect method' as set out in the Ind AS-7 Statement of Cash Flows. - - - OR ID i t RATION BY 2% KANTILAL PATEL & CO. SIGNED FOR IDENTIFCATION PuRPosEs 0NL',ju yuk · M G . K . C H O K S I & C O .
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PSP Projects Limited Registered Office : PSP House, Opp. Celesta Courtyard, lscon-Ambli Road, Ahmedabad - 380 058 CIN :L45201GJ2008PLC054868 Website: www.pspprojects.com (iv) Notes to Standalone Financial Results Sr. Note No. 1 The above financial results of the Company have been reviewed by the Audit Committee and approved by the Board of Directors of the Company in their respective meetings held on November 2, 2026. The financial results are prepared in accordance with the Indian Accounting Standards ("Ind AS"), as applicable and guidelines issued by the Securities and Exchange Board of India ("SEBI"). The Ind AS are prescribed under section 133 of the Act read with Rule 3 of the Companies (Indian Accounting Standards) Rules, 2015, and the Companies (Indian Accounting Standards) (Amendment) Rules, 2016. 2 The Company is primarily engaged in one business segment viz. construction/project activities, as determined by the chief decision maker in accordance with Ind AS 108, Operating Segments. (Prahaladbhail 9$-pgn l[el Chairman & Managing Dire DIN : 00037633 Ahmedabad, November 2, 2026 SIGNED FOR IDENTIFICTT~NEY et% 2he i<ANTILAL PATEL & CO. SIGNED FOR TD~NTiFc~Tio PURPOSES ONLY (e s t+ & e) M l. g . . c o s &. c o .