Parsvnath Developers Ltd

Delay in results

• Standalone & Consolidated FY2026 accounts not finalized due to unavoidable circumstances.
• Q1 FY2027 results for quarter ended June 30, 2026 not approved/published.
• Will inform exchange about meetings to approve FY2026 annual statements and Q1 FY2027 results.
• Company is under CIRP; Resolution Professional Manoj Kumar Anand.

2nd CoC meeting scheduled

• 2nd CoC meeting scheduled for Tue, 21 July 2026.
• Resolution Professional: Manoj Kumar Anand.
• RP registration: IBBI/IPA-001/TP-P00084/2017-2018/10180.

Independent Director resignations

• Independent Director Ramesh Chand Gupta resigned effective 14 July 2026 due to personal pre-occupations.
• Gupta ceased to be Audit Committee Member.
• Gupta ceased to be Nomination and Remuneration Committee Member.
• Gupta ceased to be Risk Management Committee Member.
• Independent Director Subhash Chander Setia resigned effective 14 July 2026 due to ill health and other commitments.
• Setia ceased to be Audit Committee Chairperson.
• Setia ceased to be Stakeholders Relationship Committee Chairperson.
• Setia ceased to be Risk Management Committee Chairperson.
• Independent Director Dr. Rakshita Shharma resigned effective 14 July 2026 due to father's demise.
• Shharma ceased to be Nomination and Remuneration Committee Chairperson.

Ramesh Chand Gupta – Independent Director

• Name & designation: Ramesh Chand Gupta, Independent Director; effective July 14, 2026; reason: personal pre-occupations.
• There are no other material reasons beyond those disclosed.
• Committees affected: Audit; Nomination & Remuneration; Risk Management; membership ceased.

Subhash Chander Setia – Independent Director

• Name & designation: Subhash Chander Setia, Independent Director; effective 14 July 2026; reason: ill health and other commitments.
• There are no other material reasons beyond those disclosed.
• Committees affected: Audit (Chairperson) removed; Nomination & Remuneration; Stakeholders Relationship; Risk Management; CSR.

Dr. Rakshita Shharma – Independent Director

• Name & designation: Dr. Rakshita Shharma, Independent Director; effective July 14, 2026; reason: father’s demise.
• There are no other material reasons beyond those disclosed.
• Committee change: Chairperson of Nomination and Remuneration Committee ceased.

Resignation and committee chair change

• Dr. Rakshita Shharma resigns as Independent Director with effect from July 14, 2026.
• Reason: post father's demise; cannot dedicate time and effort to affairs of the Company.
• Ceases to be Chairperson of the Nomination and Remuneration Committee.

Resignation of Independent Director

• Independent Director Subhash Chander Setia resigns with effect from July 14, 2026 due to ill health.
• Effective date of cessation: July 14, 2026.
• Ceases to be Audit Committee Chairperson.
• Ceases to be Nomination and Remuneration Committee Member.
• Ceases to be Stakeholders Relationship Committee Chairperson.
• Ceases to be Risk Management Committee Chairperson.
• Ceases to be Corporate Social Responsibility Committee Chairperson.
• Resignation letter with detailed reasons enclosed.

Resignation of Independent Director

• Ramesh Chand Gupta resigns as Independent Director with immediate effect from July 14, 2026 due to personal pre-occupations.
• Ceases to be member of Audit Committee, Nomination and Remuneration Committee, and Risk Management Committee.