Parsvnath confirms no encumbrance of promoter shares in FY 2025-2026

Parsvnath Developers Limited has confirmed that none of its promoters or persons acting in concert (PAC) have created any encumbrance on shares during the financial year 2025-2026. The declaration, filed on April 08, 2026, was submitted to the National Stock Exchange of India Limited and BSE Limited in compliance with Regulation 31(4) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The disclosure ensures transparency regarding the pledging or hypothecation of promoter holdings, a key metric for investor risk assessment.

The filing provides a detailed breakdown of the shareholding held by promoters and the promoter group as of March 31, 2025. The data indicates that the promoter group collectively holds 21,69,92,826 shares, representing 49.86% of the company's total share or voting capital. The declaration explicitly states that no new encumbrances have been made other than those previously disclosed.

Shareholding Details

The following table outlines the shareholding distribution among the promoters and the promoter group as of March 31, 2025:

S. No.	Name(s) of promoter(s), member of the promoter group and PAC	Number of shares held	% w.r.t. total share / voting capital
Promoters
1.	Shri Pradeep Kumar Jain	3,77,04,683	8.66
2.	Smt. Nutan Jain	4,48,55,111	10.31
3.	'Pradeep Kumar Jain & Sons (HUF)', through its Karta- Shri Pradeep Kumar Jain	7,06,18,926	16.23
4.	Parasnath and Associates Private Limited	2,53,86,992	5.83
Promoter Group
5.	Ms. Neha Jain	1,81,00,000	4.16
6.	Mr. Pranav Jain	2,01,00,000	4.62
7.	Ms. Neelam Jain	24,000	0.01
8.	Shri Sanjeev Kumar Jain	21,600	0.00
9.	Dr. Rajeev Jain	16,000	0.00
10.	Late Shri Sheetal Prasad Jain	21,600	0.00
11.	Mr. Ajay Kumar Jain	1,43,914	0.03
Total		21,69,92,826	49.86

The declaration was signed by Pradeep Kumar Jain, an authorised signatory, on behalf of Parsvnath Developers . The company's registered office is located at Parsvnath Tower, Near Shahdara Metro Station, Shahdara, Delhi.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
-1.92%	-10.72%	-50.07%	-70.58%	-79.79%	-71.92%

The National Company Law Appellate Tribunal (NCLAT) has upheld the order of the National Company Law Tribunal (NCLT) to initiate the Corporate Insolvency Resolution Process (CIRP) against Parsvnath Developers Limited . The appellate tribunal dismissed the appeal filed by Sanjeev Kumar Jain, a suspended director of the company, challenging the admission of the insolvency petition. The order, dated May 29, 2026, affirms the NCLT's decision dated April 30, 2026, which admitted the petition under Section 7 of the Insolvency and Bankruptcy Code, 2016.

The dispute arose from a default claimed by Asset Reconstruction Company (India) Ltd (ARCIL), which had acquired the debt from original lender Sammaan Capital Limited. The financial creditor alleged a total default of ₹942,26,92,456 under the loan agreement. While Parsvnath Developers Limited argued that a settlement had been reached and payments were being made, the NCLAT found that the debt and default were sufficiently proven on record.

Background of the Default

Sammaan Capital Limited had sanctioned various loan facilities to Parsvnath Developers Limited, with the first facility of ₹72 crore sanctioned on March 26, 2018. Following the assignment of debt to ARCIL on September 30, 2024, the corporate debtor proposed a repayment schedule. However, the financial creditor informed the company in July 2025 that it would not proceed with the agreed repayment schedule and subsequently revived the Section 7 application before the NCLT.

The NCLT order noted that Parsvnath Developers Limited had acknowledged an outstanding amount. The adjudicating authority observed that the corporate debtor had admitted that the group of companies was still required to pay an amount of ₹489.32 crore. The tribunal relied on the Supreme Court judgment in B. Prashanth Hegde vs. State Bank of India & Anr., ruling that counterclaims could be considered only at the stage of filing proof of claims during the resolution process.

Proceedings and Tribunal Observations

The NCLAT noted that the adjudicating authority had deferred the pronouncement of the order multiple times at the request of the corporate debtor to allow for settlement talks. Despite these opportunities, no final settlement was reached between the parties. The appellate tribunal observed that the corporate debtor's efforts to settle were ample proof of the existence of debt and default.

Key Financial Details	Amount (₹)
Total default claimed	942,26,92,456
Principal amount in default	452,34,19,608
Interest due	26,59,51,243
Other charges	438,32,90,363
TDS	25,00,31,782

The tribunal also upheld the CIRP admission against Noida Marketing Private Limited, which stood as the corporate guarantor for the loan facilities extended to Parsvnath Developers Limited. The NCLAT concluded that since the debt and default of the principal borrower were established, and recall notices had been issued to the guarantor, there were no grounds to interfere with the NCLT's order dated April 24, 2026, regarding the corporate guarantor.