PARSVNATHBSEPARSVNATH DEVELOPER LTDMediumNegative
Announced Thu, 16 Jul · 17:49 IST

Independent Director Ramesh Chand Gupta resigns from Parsvnath Developers

Management Changes View source PDF

PARSVNATH · price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reaction · full curve 14 horizons · vs prior close
-3.7%1-day move
₹2.18
prior close
₹2.14
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
+0.0+0.0-3.7-5.5-7.3-9.2-10.6
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AI summary

Parsvnath Developers informed exchanges that Independent Director Mr. Ramesh Chand Gupta (DIN: 01257134) resigned effective July 14, 2026, citing personal pre-occupations and other commitments. He was a member of the Audit, Nomination and Remuneration, and Risk Management committees. He confirmed there are no other material reasons for stepping down. The filing is signed by Manoj Kumar Anand as Resolution Professional, confirming the company remains under insolvency proceedings.

Likely market impact

One independent director exits. Company continues under Resolution Professional, signalling ongoing insolvency. Watch for any board reconstitution news.