Parsvnath Developers shareholders approve director re-appointment, NCD private placement

Parsvnath Developers Limited announced the minutes of its 34th annual general meeting (AGM), held on September 30, 2025, where all proposed resolutions were passed with the requisite majority. Shareholders approved the audited standalone and consolidated financial statements for the year ended March 31, 2025. Additionally, Dr. Rajeev Jain was re-appointed as a director of the company.

A significant special business item ratified the remuneration of M/s Chandra Wadhwa & Co., cost accountants, as cost auditors for the financial year 2025-26, at an amount of INR 325,000 plus expenses and applicable taxes. Shareholders also approved the private placement of secured/unsecured, redeemable non-convertible debentures (NCDs) aggregating up to INR 1000 crores, within the company's overall borrowing limits.

Furthermore, M/s VKC & Associates, company secretaries, were appointed as secretarial auditors for five consecutive years from the financial year 2025-26 to 2029-30. The meeting, attended by 104 members through video conferencing, concluded on September 30, 2025, with voting results declared on October 03, 2025.