Parshwanath Housing Finance has regularised Mr. Raj Patel as a director with effect from August 29, 2026. The appointment was approved during the company's Annual General Meeting held on the same date.

The move formalises Mr. Patel's role on the board in compliance with regulatory requirements. The company disclosed the intimation under Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Director Profile

Mr. Patel holds a Bachelor of Science degree in Computer Science. His professional expertise lies in information technology and digital transformation.

Family Connections

The disclosure notes that Mr. Patel is the son of Mr. Rushabh Patel, the Managing Director, and Mrs. Riddhiben Patel, the Joint Managing Director of the company. This relationship was explicitly stated in the regulatory filing to ensure transparency regarding board composition.

Parshwanath Housing Finance concluded its 40th Annual General Meeting on Saturday, August 29, 2026. The meeting, held via video conferencing, saw the passage of seven resolutions covering auditor appointments and constitutional changes.

Mr. Rushabh N. Patel, Managing Director, chaired the proceedings. Twenty members attended the session remotely. The Board addressed member queries regarding the business items before voting commenced.

Resolutions Passed

The members approved the following ordinary and special resolutions:

• Adoption of accounts for FY26.
• Reappointment of Mr. Asit Vyas as director by rotation.
• Appointment of M/s. M B D & Co. LLP as statutory auditors to fill a casual vacancy until the 44th AGM.
• Regularization of Mr. Raj Patel as director.
• Alteration of the Main Object Clause of the Memorandum of Association.
• Adoption of new Memorandum and Articles of Association.
• Approval of remuneration for Mr. Raj Patel.

Auditor Appointment Details

The company appointed M/s. M B D & Co. LLP, Chartered Accountants from Ahmedabad, to replace M/s S G D G & Associates LLP who resigned. The new auditors will hold office until the conclusion of the 44th Annual General Meeting, subject to ratification at every subsequent AGM. The Board is authorized to fix their remuneration.

Voting Participation

The total number of shareholders on the record date was 2,565. Of these, 20 shareholders attended the meeting through video conferencing, comprising four from the promoter group and sixteen from the public category. No shareholders were present in person or through proxy.

Promoter and promoter group entities held 23,39,029 shares and polled 22,97,250 votes, representing 98.21% of their outstanding shares. Public non-institutional investors held 7,92,808 shares and polled 3,127 votes, representing 0.39% of their outstanding shares. Total votes polled across all categories stood at 23,00,377, which is 73.45% of the outstanding shares held by participating categories.

Scrutinizer Report Highlights

K.A. Shukla & Associates served as the scrutinizer for the e-voting process. The remote e-voting period remained open from Wednesday, August 26, 2026, to Friday, August 28, 2026. The cut-off date for voting rights was Friday, August 21, 2026.

The scrutinizer report confirmed that promoter directors abstained from voting on resolutions where they had a personal interest. Specifically, Mr. Rushabh Patel, Mrs. Riddhiben Patel, Mrs. Indiraben Patel, and Mr. Raj Patel, holding a combined 22,97,250 shares, abstained from voting on Item No. 4 (Regularization of Mr. Raj Patel) and Item No. 7 (Approval of remuneration for Mr. Raj Patel). On these items, only public non-institutional investors cast votes.

For other resolutions, including the adoption of accounts and auditor appointment, promoters voted in favor with 100% support. Public non-institutional investors showed near-unanimous support, with over 99% of votes cast in favor across most items.