Parshwanath Corporation Limited has appointed Mr. Raj Patel as its Chief Financial Officer (CFO) and Key Managerial Personnel (KMP), effective July 30, 2026. The Board of Directors approved the appointment during its meeting on July 30, 2026, marking a key leadership transition in the company’s finance function. This appointment follows the resignation of Mrs. Riddhiben R. Patel from her CFO role, though she continues to serve as Joint Managing Director.

The appointment was made in compliance with Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, and the applicable provisions of the Companies Act, 2013. Mr. Patel’s tenure will be governed by the terms and conditions approved by the Board. He is not related to any director of the company.

Leadership Profile and Expertise

Mr. Raj Patel brings specialized expertise in Information Technology and Digital Transformation to the CFO role. He holds a Bachelor of Science (B.Sc.) degree in Computer Science. His background aligns with the company’s ongoing strategic initiatives, including the alteration of its main object and updates to the Memorandum of Association (MOA) and Articles of Association (AOA), which are scheduled for shareholder approval at the upcoming 40th Annual General Meeting (AGM).

Governance and Regulatory Compliance

The intimation was filed with BSE Limited under Regulation 30 read with Schedule III of the SEBI LODR Regulations, 2015. The filing was signed by Mrs. Riddhiben R. Patel, Joint Managing Director, reflecting the ongoing transition in financial leadership. The Board’s decision underscores a focus on integrating digital capabilities into financial management, potentially supporting broader operational efficiencies.

What the Numbers Show

While this announcement is procedural, the timing coincides with significant structural changes. The appointment of a CFO with a strong IT background suggests Parshwanath Corporation may be prioritizing digital transformation within its financial operations. Investors should monitor the upcoming AGM for further details on how these leadership changes support the company’s revised main object and long-term growth strategy.

Parshwanath Corporation Limited has accepted the resignation of Mrs. Riddhiben R. Patel as Chief Financial Officer (CFO) and Key Managerial Personnel, effective July 30, 2026. The Board of Directors approved the departure during a meeting held on July 30, 2026, confirming that Ms. Patel will be relieved from her duties with effect from the close of business hours on that date. This leadership change impacts the company’s financial management structure, requiring internal adjustments for oversight responsibilities previously held by the outgoing CFO.

The disclosure was made pursuant to Regulation 30 read with Schedule III of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. Parshwanath Corporation Limited submitted the intimation to BSE Limited, where it is listed under Scrip Code 511176. The filing confirms compliance with statutory provisions regarding the cessation of Key Managerial Personnel.

Resignation Details

Mrs. Riddhiben R. Patel tendered her resignation citing personal reasons. In the accompanying Annexure A, she confirmed that there are no material reasons for her resignation other than those explicitly stated in her resignation letter. The Board accepted the resignation without noting any dissent or material irregularities.

The announcement was signed by Mrs. Riddhiben R. Patel in her capacity as Joint Managing Director of the company, bearing DIN 00047238. The digital signature was affixed on July 30, 2026, at 15:35:54 IST. No successor has been named in this immediate disclosure.