Parsvnath Developers Ltd Announces Resignation of Independent Director Ramesh Chand Gupta
Parsvnath Developers Limited has announced the resignation of Mr. Ramesh Chand Gupta from his position as an Independent Director of the company. The resignation became effective from the close of business hours on July 14, 2026.The company stated that Mr. Gupta tendered his resignation citing personal pre-occupations and other commitments. Upon his departure, he ceased to hold positions on various internal committees of the Board.
Impact on Committee Memberships
With the resignation of Mr. Ramesh Chand Gupta, he has stepped down from his roles in the following committees:| Name of the Director | Designation on the Board | Name of the Committee | Position held in the Committee |
|---|---|---|---|
| Mr. Ramesh Chand Gupta | Non-Executive Independent Director | Audit Committee | Member |
| Mr. Ramesh Chand Gupta | Non-Executive Independent Director | Nomination and Remuneration Committee | Member |
| Mr. Ramesh Chand Gupta | Non-Executive Independent Director | Risk Management Committee | Member |
The company confirmed that Mr. Gupta has verified there are no other material reasons for his resignation aside from those explicitly mentioned in his resignation letter.
PARSVNATH Stock Price Movement
Parsvnath Developers Limited shares tumbled 1.8% today to settle at ₹2.18 in post-market trading. The stock plummeted to its 52-week low during the session, with a total turnover of 101,534 shares recorded.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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