PSP Projects Limited — Others, 05-08-2025: Appointment

PSP Projects has announced significant ownership changes. Adani Infra now holds 34.41% equity, consisting of 11.32% from public shareholders via an open offer and 23.09% from a promoter. This makes Adani Infra a co-promoter with joint control. The Board has appointed Mr. Kattunga Srinivasa Rao as a new non-executive director, representing Adani Infra. Ms. Pooja P. Patel has stepped down as Whole-Time Director but has been appointed Chief Executive Officer. Mr. Prahaladbhai S Patel's role is now Chairman and Managing Director. The company’s internal governance documents will be updated to reflect this new control structure, pending shareholder approval.