PSP Projects Limited — Others, 20-01-2025: Pendency of Litigation(s)/dispute(s) or the outcome impacting the Company

PSP Projects Limited provided an update regarding pending litigation related to a petition filed against the Superintendent Engineer, Bareily, and others. The hearing has been deferred to January 20, 2025, due to the absence of the Respondent’s advocates. Notably, the Respondent has encashed Mobilisation bank Guarantees worth Rs. 24.60 Crore; however, this is not expected to significantly impact the company's financial health, as Rs. 17.87 Crore was already available as a mobilisation advance. The company plans to pursue further actions in the best interests of its stakeholders. This announcement may signal a neutral impact on investor sentiment due to the lack of financial distress, yet it reaffirms the company’s proactive management strategy.