Parsvnath Developers Limited has informed the Exchange about Shareholders meeting
PARSVNATH · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Parsvnath Developers has called an Extraordinary General Meeting (EGM) on Friday, June 27, 2025 at 12:30 PM via video conferencing, with remote e-voting open from June 24 to June 26, 2025. Four special businesses will be taken up: (1) appointment of Mr. Ramesh Chand Gupta (DIN: 01257134) as an Independent Director for a first term of five years (March 29, 2025 to March 28, 2030); (2) approval of remuneration for Mr. Pradeep Kumar Jain, Chairman, capped at Rs. 60 lakh per annum; (3) approval of remuneration for Mr. Sanjeev Kumar Jain, Managing Director and CEO, capped at Rs. 48 lakh per annum; and (4) approval of remuneration for Mr. Rajeev Jain, Director (Marketing), capped at Rs. 36 lakh per annum. The director remuneration items are effective April 1, 2025 till March 31, 2027, and resolutions (2), (3), and (4) require special resolution approval. The cut-off date to determine voting eligibility is June 20, 2025.
This is a routine procedural filing seeking shareholder approval for a new independent director and the continuation of remuneration for three whole-time directors (the Chairman, MD/CEO, and Director-Marketing). No fresh capital raise, business expansion, or material strategic change is proposed, so the immediate impact on shareholders is neutral barring any dissent at the EGM.