
Management Change16 Jul 2026, 06:10 pm
Parsvnath Developers Director Resigns Due to Ill Health
AI Summary
Parsvnath Developers Ltd announced the resignation of Mr. Subhash Chander Setia as an Independent Director, effective July 14, 2026. The resignation is attributed to ill health and other commitments. Mr. Setia also ceases to be the Chairperson/member of various board committees, including the Audit Committee, Nomination and Remuneration Committee, Stakeholders Relationship Committee, Risk Management Committee, and Corporate Social Responsibility Committee. The company has confirmed there are no other material reasons for his resignation beyond those stated.
Key Highlights
- Independent Director Subhash Chander Setia resigns from Parsvnath Developers.
- Resignation is effective July 14, 2026, due to ill health.
- Director also steps down from multiple board committees.
- No other material reasons for resignation cited.
Price Impact
More from PARSVNATH