Please find attached Annual Secretarial Compliance report for the Financial year ended March 31, 2026
PARSVNATH · price
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Parsvnath Developers Ltd has submitted its Annual Secretarial Compliance Report for the financial year ended March 31, 2026, certified by CS Ashok Tyagi of VKC & Associates. The company, currently under CIRP with Mr. Manoj Kumar Anand as Interim Resolution Professional, reported compliance with SEBI regulations but with 4 deviations involving delays in financial results submissions. Fines were imposed for delayed filings: Q4 FY25 results (Rs. 6,01,800 incl. GST), Q1 FY26 results (Rs. 3,59,900 incl. GST), Q2 FY26 results (Rs. 76,700 incl. GST), and Annual Report FY24-25 (Rs. 7,080 incl. GST) — all paid to BSE and NSE. From the previous year, the company faced fines for delayed Q4 FY24 results and non-constitution of the Nomination and Remuneration Committee. Additionally, the performance evaluation of Independent Directors was not conducted during the year, to be taken up in an upcoming Board meeting. A statutory auditor resignation occurred at subsidiary Parsvnath Landmark Developers Private Limited in November 2025.
The company remains in regulatory compliance despite repeated delays in quarterly/annual financial filings, incurring cumulative fines exceeding Rs. 10 lakh. Shareholders should note that Independent Director evaluations remain pending, and the ongoing insolvency proceedings continue to affect corporate governance.