Parsvnath Developers approves director remuneration and appointment

Parsvnath Developers has announced the successful passage of resolutions regarding director appointments and remuneration at its Extra Ordinary General Meeting (EGM), held on June 27, 2025. Shareholders approved the appointment of Ramesh Chand Gupta as an Independent Director for a five-year term commencing March 29, 2025. Key remuneration packages for Whole Time Directors Pradeep Kumar Jain, Sanjeev Kumar Jain and Rajeev Jain were also approved, not exceeding, respectively, INR60,000,000, INR48,000,000, and INR36,000,000 per annum, inclusive of allowances. The meeting, conducted via video conferencing, saw participation from 65 members, including an authorized representative holding a significant share block. Remote e-voting results indicated overwhelming support for the resolutions, which were passed with the requisite majority.