Parsvnath Developers Limited Announces Resignation of Independent Director
Parsvnath Developers Limited has announced the resignation of Mr. Subhash Chander Setia from his position as an Independent Director of the company. The resignation became effective from the close of business hours on July 14, 2026.Mr. Subhash Chander Setia cited ill health and other personal commitments as the primary reasons for his departure. The director has confirmed that there are no other material reasons for his resignation beyond those stated in his formal letter.
With this resignation, Mr. Setia has ceased to hold positions across several key committees within the company's board structure. His roles included leadership and membership positions in multiple functional areas including audit, risk management, and corporate social responsibility.
The following table details the specific committee memberships and positions held by Mr. Subhash Chander Setia prior to his resignation:
| Name of the Director | Designation on the Board | Name of the Committee | Position held in the Committee |
|---|---|---|---|
| Mr. Subhash Chander Setia | Non-Executive Independent Director | Audit Committee | Chairperson |
| Mr. Subhash Chander Setia | Non-Executive Independent Director | Nomination and Remuneration Committee | Member |
| Mr. Subhash Chander Setia | Non-Executive Independent Director | Stakeholders Relationship Committee | Chairperson |
| Mr. Subhash Chander Setia | Non-Executive Independent Director | Risk Management Committee | Chairperson |
| Mr. Subhash Chander Setia | Non-Executive Independent Director | Corporate Social Responsibility Committee | Chairperson |
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