Parsvnath Developers Limited has accepted the resignation of Chief Financial Officer Mukesh Chand Jain, effective August 3, 2026. The departure follows Jain’s own request to step down due to his age and health considerations, marking the end of a tenure spanning more than two decades with the real estate developer.

The company notified the National Stock Exchange of India Limited and BSE Limited on August 4, 2026, pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The disclosure was signed by Manoj Kumar Anand, Resolution Professional for Parsvnath Developers Limited.

Resignation Details

Jain submitted his resignation letter dated August 3, 2026, citing that he is now over 74 years of age. He stated that his health advisor had recommended he prioritize his well-being. In his letter, Jain invoked Section 203 of the Companies Act, 2013, to resign with immediate effect.

The filing confirms that Jain served notice as per the terms and conditions of his service contract. He requested the management to inform stock exchanges and file the requisite Form with the Registrar of Companies (RoC) immediately.

Regulatory Compliance

Parsvnath Developers Limited complied with SEBI Master Circular No. SEBI/HO/CFD/CFD-PoD-1/P/CIR/2023/123 dated July 13, 2023, by providing specific details in Annexure A. The disclosure also referenced SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026.

Copies of the intimation were sent to National Securities Depository Limited, Central Depository Services (India) Limited, and MAS Services Limited for record-keeping purposes.

Parsvnath Developers disclosed on July 29, 2026, that Atul Kumar Gupta has resigned from his roles as Company Secretary and Compliance Officer. The resignation takes immediate effect as of July 28, 2026, marking a departure for a key compliance role within the firm's governance structure during its ongoing resolution process. This exit highlights potential internal operational challenges, with Gupta citing "financial instability" as a primary reason for leaving.

Gupta cited "financial instability" and the "interest of his professional career" as the primary reasons for his exit. He had joined the company in October 2025, serving in these capacities for less than ten months. His resignation letter, dated July 28, 2026, requested a waiver of the remaining two-week notice period, with August 10, 2026, marked as his last day of employment. The departure requires the company to file the requisite form with the Registrar of Companies (RoC) and inform other relevant authorities, including National Securities Depository Limited and Central Depository Services (India) Limited.

The disclosure was made pursuant to Regulation 30 and Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Manoj Kumar Anand, Resolution Professional at Parsvnath Developers Limited, signed the intimation to the National Stock Exchange of India Limited and BSE Limited. The filing also referenced SEBI Master Circular No. SEBI/HO/CFD/CFD-PoD-1/P/CIR/2023/123 dated July 13, 2023, and Section 203 of the Companies Act, 2013.

Key Details of Resignation

Governance Implications

The departure of a Compliance Officer under Regulation 6 of the SEBI (LODR) Regulations, 2013, necessitates immediate appointment of a successor to maintain regulatory compliance. While the source document does not specify a replacement timeline, the citation of "financial instability" as a reason for resignation by a senior compliance executive may draw scrutiny regarding the company's internal operational health or compensation structures during its resolution process. Investors should monitor subsequent filings for the appointment of a new Company Secretary and Compliance Officer. Gupta holds Membership No. A-20888 with the Institute of Company Secretaries of India (ICSI).