Parsvnath Developers Limited has notified stock exchanges of a delay in submitting its financial results for the first quarter of FY27 (Q1FY27), ending June 30, 2026. The real estate developer, which is currently under Corporate Insolvency Resolution Process (CIRP), cited unavoidable circumstances preventing the finalization of these figures.

The Parsvnath Developers management stated that it is unable to approve and publish the Q1FY27 results because the annual financial statements (both standalone and consolidated) for the fiscal year ended March 31, 2026, have yet to be finalized. This dependency on the prior year’s audit completion has created a bottleneck for current quarterly reporting.

Regulatory Context

The intimation was issued in compliance with SEBI Circular CIR/CFD/CMD-1/142/2018 dated November 19, 2018, read with Regulation 33 of the SEBI (LODR) Regulations, 2015. The letter was signed by Manoj Kumar Anand, the Resolution Professional registered with the Insolvency and Bankruptcy Board of India (IBBI).

Next Steps

According to the filing, the company is addressing the outstanding issues and will inform the exchanges shortly regarding the scheduling of meetings to approve both the FY26 annual statements and the Q1FY27 quarterly results. No specific timeline for the submission of these delayed filings was provided in the communication.

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.