Three independent directors resign from Parsvnath Developers under CIRP
PARSVNATH · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Three independent directors - Mr. Ramesh Chand Gupta, Mr. Subhash Chander Setia, and Dr. Rakshita Shharma - resigned on July 14, 2026, citing personal pre-occupations, ill health, and a family bereavement respectively. Parsvnath Developers is currently under Corporate Insolvency Resolution Process since an NCLT order on April 30, 2026, with Mr. Manoj Kumar Anand as Resolution Professional. Disclosure to the stock exchanges was filed late, beyond the 24-hour SEBI requirement.
With all 3 independent directors gone, the board may fall short of SEBI minimum independent director norms, a governance concern for shareholders during ongoing insolvency.