Parsvnath Developers Limited — Others, 02-06-2025: Shareholders meeting

Parsvnath Developers has announced a board meeting to convene an Extraordinary General Meeting via video conferencing to approve the appointment of Mr. Ramesh Chand Gupta as an Independent Director for five years, enhancing governance with seasoned leadership. The meeting will also seek approval for revised annual remuneration for three whole-time directors: Rs. 60 lakh for the Chairman, Rs. 48 lakh for the Managing Director & CEO, and Rs. 36 lakh for the Director-Marketing. Despite ongoing losses from economic and sectoral challenges, the company is focused on cost control and revenue growth strategies to improve performance.