Parsvnath developers Limited has successfully completed its residential township project 'Saatvik Green NX' in Indore, marking another milestone in the company's expansion across major Indian cities. The project, developed in collaboration with RRHL Realty Limited, spans a substantial area and offers modern residential facilities to homebuyers.

Project Specifications and Location

The 'Saatvik Green NX' project is strategically positioned at Raukhedi, Indore (MP), covering an impressive land area as detailed below:

The project enjoys excellent connectivity, situated near Manglia Toll Plaza with convenient access to key city landmarks. Residents benefit from proximity to educational institutions, recreational facilities, and shopping centers, while being just 20 km from Indore Railway Station, 12 km from Bombay Hospital, and 11 km from the Radisson Hotel.

Development Timeline and Completion

The project demonstrates efficient execution with a clear development timeline:

The township has been designed to provide comprehensive facilities within the development, offering residents the opportunity to live in peaceful surroundings while maintaining excellent connectivity to the city's major landmarks.

Company Background and Market Presence

Parsvnath Group maintains a significant presence across India's real estate landscape, operating in over 37 major cities including New Delhi, Gurugram, Noida, Greater Noida, Indore, Jodhpur, Lucknow, Moradabad, and Ujjain. The company's portfolio spans 13 states and encompasses various project types including contemporary residential spaces, state-of-the-art office complexes, commercial developments, affordable housing, and shopping malls. The group has successfully delivered 68 projects to date.

Management Commentary

Mr. Pradeep Jain, Chairman of Parsvnath Developers Limited, emphasized the company's strategic focus, stating that "The Company is focusing on execution of on-going projects to achieve 'MISSION POSSESSION'." This statement reflects the organization's commitment to timely project delivery and customer satisfaction in the competitive real estate market.

Parsvnath Developers Limited has submitted its quarterly compliance certificate under SEBI (Depositories and Participants) Regulations, 2018 to stock exchanges and depositories. The certificate pertains to the quarter ended March 31, 2026, demonstrating the company's adherence to regulatory requirements for dematerialization processes.

Regulatory Compliance Details

The certificate was submitted on April 04, 2026, to key market institutions including the National Stock Exchange of India Limited, BSE Limited, National Securities Depository Limited, and Central Depository Services (India) Limited. This submission fulfills the requirements under Regulation 74(5) of SEBI regulations.

Registrar Confirmation

MAS Services Limited, serving as the registrar and share transfer agent, issued the confirmation certificate on April 02, 2026. The registrar confirmed that all securities received from Depository Participants for dematerialization during the specified period were processed within the mandatory 15-day timeframe.

Key confirmations provided by MAS Services Limited include:

• Securities received for dematerialization were confirmed within 15 days of receipt
• Security certificates were properly mutilated and cancelled after verification
• Depository names were substituted in the register of members within the stipulated timeframe
• Updates were communicated to depositories and stock exchanges within 15 days
• Register of members was updated accordingly

Administrative Details

The certificate submission was signed by Atul Kumar Gupta, Company Secretary cum Compliance Officer of Parsvnath Developers Limited. The correspondence was addressed to both stock exchanges where the company's shares are listed and the depositories handling the dematerialization process.

This quarterly submission represents part of the company's ongoing regulatory compliance obligations, ensuring transparency in the dematerialization process and maintaining adherence to SEBI guidelines for depositories and participants.