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.

Parshwanath Corporation Limited has appointed M/s Mehul Doshi & Associates as its internal auditor effective May 28, 2026, following the resignation of Mr. Ajay J Shah & Co. The change was approved during a board meeting held on the same date. The appointment and resignation comply with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Mr. Ajay J Shah & Co. resigned from the position of internal auditor due to pre-occupation in other activities. The cessation of their role is effective from May 28, 2026. The outgoing firm was a Chartered Accountant entity serving the company in this capacity.

The newly appointed firm, M/s Mehul Doshi & Associates, brings significant experience to the role. The proprietor, CA Mehul Doshi, possesses over 14 years of professional experience, with 12 years specifically dedicated to internal audit. The firm has a diverse client portfolio across industries such as railway contracting, construction, infrastructure, FMCG, healthcare, textile, and real estate.

Details of Auditor Change

The following table outlines the key particulars regarding the resignation and appointment of the internal auditor:

The disclosures regarding the change were submitted to the Bombay Stock Exchange Limited. Mrs. Riddhiben Rushabh Patel, Joint-Managing Director & CFO, signed the regulatory filing.