Subhash Chander Setia Resigns as Independent Director of Parsvnath Developers Ltd
Parsvnath Developers Ltd has announced the resignation of Mr. Subhash Chander Setia from his position as an Independent Director on the company board. The resignation became effective from July 14, 2026.According to the company, Mr. Setia tendered his resignation citing ill health and other personal commitments. The director has confirmed that there are no material reasons for his departure other than those specifically mentioned in his resignation letter.
With the conclusion of his tenure, Mr. Setia has stepped down from several key leadership positions across various board committees. He previously served as a Non-Executive Independent Director and held significant responsibilities, including chairing multiple committees.
The following table details the 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 |
PARSVNATH Stock Price Movement
Parsvnath Developers Limited shares tumbled 1.80% today to settle at ₹2.18. The stock hit its 52-week low during the session on a volume of 101,534 shares.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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