Parsvnath Developers Ltd (PARSVNATH) Announcements - Latest Exchange Filings with AI Summaries
Latest corporate announcements filed by Parsvnath Developers Ltd on NSE and BSE, with an AI summary of each filing.
Please find attached list of Creditors as on 31.08.2026
Others (Uncategorized) · 02 Sept 2026, 9:57 pm
Parsvnath Developers CIRP: Summary of Creditor Claims as on 31st Aug'26 As of 31st Aug'26, Parsvnath Developers Limited received total creditor claims of INR 1,00,430.33 crore under its ongoing CIRP. The Resolution Professional admitted claims worth INR 71,093.15 crore, with INR 28,603.77 crore remaining under verification. Secured financial creditors hold the largest admitted share at INR 54,003.67 crore. Unsecured financial creditors representing a specific class comprise INR 16,840.88 crore of the admitted claims. This massive admitted financial debt overhang highlights severe equity dilution risks and potential asset liquidations, leaving negligible recovery prospects for existing equity shareholders.
Please find attached intimation of 03rd COC Meeting
Others (Uncategorized) · 31 Aug 2026, 10:57 pm
Parsvnath Developers Announces 3rd Committee of Creditors Meeting Parsvnath Developers Limited has announced its 3rd Committee of Creditors (COC) meeting, scheduled for Wednesday, 02nd Sep'26. The meeting will be conducted by Resolution Professional Mr. Manoj Kumar Anand. This event is a key step in the company's ongoing corporate insolvency resolution process, with outcomes potentially impacting debt restructuring and future operations. The intimation was made to exchanges on 31st Aug'26.
Please find attached disclosure for reason for delay in submission of Financial Results for the Quarter ended 30.06.2026
Financial Result · 13 Aug 2026, 5:44 pm
Parsvnath Developers Delays Submission of Financial Results Parsvnath Developers (NSE: PARSVNATH), a company under CIRP, announced a delay in submitting its financial results. The annual statements for the year ended Mar 31, '26, are yet to be finalized due to unavoidable circumstances. Consequently, the company is also unable to publish its financial results for the quarter ended Jun 30, '26. The Resolution Professional stated that the company is working to resolve issues and will inform the exchanges about the meeting date for the approval of these pending financial statements.
Please find attached List of Creditor as on 31.07.2026
Others (Uncategorized) · 08 Aug 2026, 9:59 pm
Parsvnath Developers: Breakdown of Creditor Claims Under Insolvency Process As of 31 Jul'26, under its Corporate Insolvency Resolution Process (CIRP), Parsvnath Developers received 3,520 claims totaling ₹93,103.55 mn. The Resolution Professional admitted claims worth ₹68,905.42 mn, with another ₹23,464.71 mn under verification and a contingent claim of ₹733.42 mn. Admitted claims are primarily from financial creditors (₹68,655.42 mn), including ₹52,571.83 mn from secured lenders like Edelweiss ARC and Axis Trustee. Admitted operational and other creditor claims are significantly lower at ₹249.99 mn. The CIRP commencement date was 30 Apr'26.
Please find attached intimation of resignation of Chief Financial officer(CFO) of Mr. Mukesh Chand Jain w.e.f. 03.08.2026
Change in Management · 05 Aug 2026, 1:12 am
Parsvnath Developers CFO Mukesh Chand Jain Resigns Parsvnath Developers announced the resignation of its Chief Financial Officer, Mr. Mukesh Chand Jain, effective 03 Aug'26. The resignation is due to personal health reasons, as Mr. Jain is over 74 years old. He served the company for over two decades. This key management personnel change is reported under SEBI's Listing Obligations and Disclosure Requirements regulations. The company has acknowledged the resignation and will inform relevant authorities accordingly.
Please find attached intimation of resignation of CFO of Mr. Mukesh Chand Jain w.e.f. 03.08.2026
Change in Management · 05 Aug 2026, 1:07 am
Parsvnath Developers CFO Mukesh Chand Jain Resigns Parsvnath Developers announced the resignation of its Chief Financial Officer, Mr. Mukesh Chand Jain, effective 03 Aug'26. Mr. Jain, who is over 74 years of age and has served the company for over two decades, cited personal health reasons for his decision. The company has informed the stock exchanges as per SEBI regulations. This key management change marks a significant leadership transition for the real estate developer.
Please find attached intimation of resignation of Company Secretary & Compliance Officer Mr. Atul Kumar Gupta w.e.f 28.07.2026
Change in Management · 29 Jul 2026, 10:41 pm
Parsvnath Developers: Company Secretary & Compliance Officer Resigns Citing Financial Instability Parsvnath Developers announced the resignation of Mr. Atul Kumar Gupta from his roles as Company Secretary & Compliance Officer, effective 28 Jul'26. The resignation letter explicitly cites "financial instability" along with professional career interests as the reasons for his departure. Mr. Gupta, who joined in Oct'25, will serve his last day on 10 Aug'26. This key management personnel change, coupled with the stated reason of financial instability, flags potential governance and operational concerns for the company.
Please find attached intimation of Resignation of Company Secretary & Compliance Officer of Mr. Atul Kumar Gupta w.e.f. 28.07.2026
Change in Management · 29 Jul 2026, 10:38 pm
Parsvnath Developers: CS & Compliance Officer Resigns Citing Financial Instability Parsvnath Developers announced the resignation of Mr. Atul Kumar Gupta as Company Secretary & Compliance Officer, effective 28 Jul'26. The filing explicitly cites "financial instability" along with professional career interests as the reasons for his departure. Mr. Gupta joined the company in Oct'25, serving for approximately 10 months. His last working day will be 10 Aug'26, following a two-week notice period. The resignation letter requests a waiver of the remaining notice period.
Please find attached intimation of 02nd COC Meeting
Others (Uncategorized) · 20 Jul 2026, 9:27 pm
Parsvnath Developers Schedules 2nd Committee of Creditors Meeting Parsvnath Developers Limited announced its second Committee of Creditors (COC) meeting is scheduled for Tuesday, 21st Jul'26. The meeting will be conducted by the Resolution Professional, Mr. Manoj Kumar Anand. This event is a key step in the company's ongoing corporate insolvency resolution process. The outcome of the COC meeting will be critical for stakeholders, as it will determine the future course of action for the debt-laden real estate developer and its assets.
Please find attached revised intimation of resignation of Mr. Ramesh Chand Gupta, Mr. Subhash Chander Setia & Dr. Rakshita Shharma, independent director of the Company
Change in Management · 17 Jul 2026, 8:23 pm
Parsvnath Developers Sees Resignation of Three Independent Directors Amid CIRP Parsvnath Developers, currently under Corporate Insolvency Resolution Process (CIRP) since 30 Apr’26, announced the resignation of three independent directors effective 14 Jul’26. Mr. Ramesh Chand Gupta cited personal preoccupations, Mr. Subhash Chander Setia cited ill health, and Dr. Rakshita Shharma cited personal reasons following her father's demise. The Resolution Professional noted a minor delay in notifying the exchanges, attributing it to the need to obtain a legal opinion on the resignations, given the ongoing insolvency proceedings.
Please find attached revised intimation of Resignation of Mr. Ramesh Chand Gupta, Mr. Subhash chander Setia & Dr. Rakshita Shharma, independent director of the Company
Change in Management · 17 Jul 2026, 8:21 pm
Parsvnath Developers Reports Mass Resignation of Independent Directors Parsvnath Developers, currently under Corporate Insolvency Resolution Process (CIRP) since 30 Apr'26, reported the resignation of three Independent Directors effective 14 Jul'26. Mr. Ramesh Chand Gupta cited personal preoccupations, Mr. Subhash Chander Setia cited ill health, and Dr. Rakshita Shharma cited personal reasons following her father's demise. The Resolution Professional noted a minor delay in regulatory filing while seeking legal opinion. The resignations lead to vacancies across multiple board committees, including Audit, Nomination, and Risk Management.
Please find attached intimation of Resignation of Dr. Rakshita Shharma
Change in Management · 16 Jul 2026, 11:39 pm
Parsvnath Developers: Independent Director Dr. Rakshita Shharma Resigns Dr. Rakshita Shharma (DIN: 08579771) has resigned as an Independent Director of Parsvnath Developers, effective 14 Jul'26. The reason cited is personal, stating she can no longer dedicate sufficient time and effort following her father's demise. Shharma has confirmed no other material reasons for her resignation. Consequently, she also ceases to be the Chairperson of the Nomination and Remuneration Committee. The company is currently under a Resolution Professional, Manoj Kumar Anand.
Please find attached intimation of Resignation of Mr. Subhash Chander Setia
Change in Management · 16 Jul 2026, 11:37 pm
Parsvnath Developers Independent Director Resigns Mr. Subhash Chander Setia has resigned as an Independent Director of Parsvnath Developers, effective 14 Jul'26, citing ill health and other commitments. Consequently, he vacates his positions as Chairperson of the Audit, Stakeholders Relationship, Risk Management, and Corporate Social Responsibility Committees. He also ceases to be a member of the Nomination and Remuneration Committee. The company confirmed no other material reasons for his departure.
Please find attached intimation of Resignation of Mr. Ramesh Chand Gupta
Change in Management · 16 Jul 2026, 11:35 pm
Parsvnath Developers Independent Director Resigns from Board Mr. Ramesh Chand Gupta has resigned as an Independent Director of Parsvnath Developers, effective 14th Jul'26, citing personal preoccupations and other commitments. Consequently, he ceases to be a member of the Audit, Nomination and Remuneration, and Risk Management Committees. Mr. Gupta has confirmed there are no other material reasons for his departure. The company disclosed this information under Regulation 30 of SEBI Listing Regulations. This change in board composition affects key governance committees.
Please find attached intimation of resignation of Dr. Rakshita Shharma
Change in Management · 16 Jul 2026, 11:24 pm
Parsvnath Independent Director Dr. Rakshita Shharma Resigns Dr. Rakshita Shharma (DIN: 08579771) has resigned as an Independent Director of Parsvnath Developers, effective Jul 14, '26. The cited reason is personal, stating that following her father's demise, she can no longer dedicate the required time to company affairs. Dr. Shharma has confirmed no other material reasons for her departure. Concurrently, she ceases to be the Chairperson of the Nomination and Remuneration Committee.
Please find attached intimation of resignation of Mr. Subhash Chander Setia
Change in Management · 16 Jul 2026, 11:23 pm
Parsvnath Developers: Independent Director Subhash Chander Setia Resigns Mr. Subhash Chander Setia has resigned as a Non-Executive Independent Director of Parsvnath Developers, effective 14 Jul'26, citing ill health and other commitments. Consequently, he vacates his positions as Chairperson of the Audit Committee, Stakeholders Relationship Committee, Risk Management Committee, and Corporate Social Responsibility Committee. He also ceases to be a member of the Nomination and Remuneration Committee. The company confirmed no other material reasons for his departure.
Please find attached intimation of Resignation of Mr. Ramesh Chand Gupta
Change in Management · 16 Jul 2026, 11:19 pm
Parsvnath Developers Independent Director Resigns from Board Parsvnath Developers announced the resignation of Independent Director Mr. Ramesh Chand Gupta (DIN: 01257134), effective from the close of business hours on 14th Jul'26. The company cited personal pre-occupations and other commitments as the reason for his departure. Mr. Gupta confirmed there are no other material reasons for his exit. Consequently, he also ceases to be a member of the Audit, Nomination & Remuneration, and Risk Management Committees of the Board.
Please find attached Intimation of Supreme Court Order
Others (Uncategorized) · 14 Jul 2026, 11:09 pm
Parsvnath Faces Supreme Court Scrutiny Over Gurugram Project In a case regarding the Parsvnath Exotica project, the Supreme Court, by its order on 13 Jul'26, directed the freezing of bank accounts for Parsvnath Developers, its subsidiary Parsvnath Hessa Developers, and their key management. The court has also stayed all transactions involving their immovable assets. Bailable warrants have been issued against directors and officers to ensure their presence at the next hearing on 20 Jul'26. The action follows the company's non-compliance with a 2021 HRERA order for delayed possession and compensation.
Please find attached intimation for appointment of Resolution Professional
Others (Uncategorized) · 17 Jun 2026, 8:05 pm
Parsvnath Developers Appoints Manoj Kumar Anand as Resolution Professional Parsvnath Developers announced the appointment of Mr. Manoj Kumar Anand as the company's Resolution Professional. The decision was confirmed by a majority vote of the Committee of Creditors following an e-voting process that concluded at 7:00 PM on Jun 16, '26. This appointment stems from the CoC's first meeting held on Jun 10, '26, which considered appointing the Interim Resolution Professional to the full RP role, signaling a key step in the company's corporate insolvency resolution process.
Please find attached List of Creditors as on 27.05.2026
Others (Uncategorized) · 11 Jun 2026, 11:10 pm
Parsvnath Developers List of Creditors Released Under Corporate Insolvency Resolution Process Parsvnath Developers, under the Corporate Insolvency Resolution Process which began on 30 Apr'26, has released its list of creditors as of 27 May'26. Secured financial creditors have total claims admitted of ₹10.05B, led by Edelweiss ARC (₹4.92B) and ARCIL (₹4.24B). Unsecured financial creditors, mainly homebuyers, have total admitted claims of ₹7.54B against claims of ₹12.25B. Claims under verification amount to ₹4.71B. The total list includes operational creditors, government dues, and employees, providing a comprehensive overview of liabilities under the CIRP.
1st Meeting of the Committee of Creditors is scheduled to be held today i.e. Wednesday, June 10, 2026 by Interim Resolution Professional, Mr. Manoj Kumar Anand.
Others (Uncategorized) · 10 Jun 2026, 3:52 pm
Parsvnath Developers Schedules First Committee of Creditors Meeting Parsvnath Developers Ltd. has scheduled its first Committee of Creditors (COC) meeting for today, 10 Jun'26. The meeting, convened by Interim Resolution Professional Mr. Manoj Kumar Anand, marks a key step in the company's insolvency resolution process. This development is significant for stakeholders monitoring the potential for a resolution plan, debt restructuring, or liquidation, which will directly impact the company's future operations and equity value.
Please find attached order of Hon''ble NCLAT dated 29.05.2026
Others (Uncategorized) · 30 May 2026, 6:08 pm
Parsvnath Developers: NCLAT Upholds Insolvency Proceedings Admission The National Company Law Appellate Tribunal (NCLAT), in its order on 29 May'26, upheld the National Company Law Tribunal's (NCLT) decision dated 30 Apr'26 to admit Parsvnath Developers into the Corporate Insolvency Resolution Process (CIRP). This decision stems from a petition filed under Section 7 of the Insolvency and Bankruptcy Code. The NCLAT dismissed the appeal from the company's suspended director, affirming the NCLT's finding of debt and default, thereby allowing the insolvency proceedings to continue against the company.
Please find attached disclosure for reason for delay in submission of Financial Result for the Quarter and year ended 31.03.2026
Financial Result · 28 May 2026, 9:50 pm
Parsvnath Developers Delays Submission of Q4 & FY26 Financial Results Parsvnath Developers announced on 28 May'26 that the submission of its standalone and consolidated financial results for the quarter and year ended 31 Mar'26 will be delayed. The company cited "unavoidable circumstances" as the reason for the delay. Parsvnath noted it is currently under the Corporate Insolvency Resolution Process (CIRP) but is endeavoring to ensure compliance with SEBI's Listing Regulations. No new submission timeline was provided.
The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for IDBI Trusteeship Services Ltd
Acquisition/ Disposal of Shares · 26 May 2026, 11:01 pm
IDBI Trusteeship Sells Pledged Shares of Parsvnath Developers IDBI Trusteeship Services Ltd (ITSL), acting as a debenture trustee, disclosed the sale of pledged shares of Parsvnath Developers due to uncured payment defaults. Between 22nd Dec'25 and 26th May'26, ITSL sold 1,59,40,565 shares, representing 3.66% of voting capital. This disposal reduced ITSL's holding from 2,27,88,565 shares (5.24%) to 68,48,000 shares (1.58%). The transaction included the sale of 32,27,730 shares in the open market and an off-market transfer of 1,27,12,835 shares to lenders/debenture holders.
Public Announcement-Corporate Insolvency resolution process
Others (Uncategorized) · 13 May 2026, 11:15 pm
Parsvnath Developers Undergoes Corporate Insolvency Resolution Process Parsvnath Developers Limited's corporate insolvency resolution process (CIRP) commenced on 30 Apr'26, following an order from the National Company Law Tribunal. Manoj Kumar Anand has been appointed as the Interim Resolution Professional. Creditors, including allottees under all real estate projects, are required to submit their claims with proof by 27 May'26. The estimated closure date for the insolvency resolution process is 27 Oct'26. Financial creditors must submit claims electronically, while others can submit via post, in person, or electronically.