Parsvnath Developers Limited has submitted a regulatory disclosure to the National Stock Exchange of India Limited and BSE Limited regarding the resignation of its Chief Financial Officer (CFO).
Key Personnel Change
Mr. Mukesh Chand Jain has resigned from the position of Chief Financial Officer of the company effective immediately. The resignation was submitted via letter dated August 03, 2026.
Reason for Resignation
The resignation was tendered due to Mr. Jain being over 74 years of age and having been advised by his health advisor to prioritize his well-being.
Effective Date
The cessation from the position of CFO is effective from August 03, 2026.
Additional Information
Mr. Jain mentioned in his resignation letter that he had been serving the organization for more than two decades. He requested the company to inform stock exchanges and other authorities and file the requisite Form with the Registrar of Companies (RoC) immediately. He also noted that he is serving the notice period as per the terms and conditions of his service.
Distribution
The disclosure was also circulated to National Securities Depository Limited, Central Depository Services (India) Limited, and MAS Services Limited.
Financial Impact
No specific financial impact of the resignation is quantified in the disclosure.