IDBI Trusteeship sells 88.9L Parsvnath shares

IDBI Trusteeship Services disposed of 88,90,984 equity shares of Parsvnath Developers through open market transactions, reducing its holding from 7.26% to 5.22% following debenture default events.

Parsvnath Developers Pays ₹1.53L Fine for Delayed Results

Parsvnath Developers paid ₹76,700 each to BSE and NSE on December 18, 2025, totaling ₹1.53 lakh in fines for delayed submission of Q2 FY26 financial results under Regulation 33.

Parsvnath Developers Reports Rs 5,859 Crore Loss in Q2 FY26 Amid Ongoing Legal Disputes

Parsvnath Developers Limited posted a standalone net loss of Rs 5,859.34 crore for the quarter ended September 30, 2025, compared to Rs 5,541.38 crore loss in the same period last year. The company faces multiple arbitration proceedings with DMRC over BOT projects worth thousands of crores, with auditors expressing qualified opinions on asset recoverability and going concern uncertainties.

Parsvnath Developers Reports Quarterly Profit, Appoints New Company Secretary

Parsvnath Developers Limited's Board approved unaudited financial results for the quarter ended June 30, 2025, and appointed Mr. Atul Kumar Gupta as Company Secretary and Compliance Officer. The company reported standalone profit after tax of Rs. 806.46 lakhs for the quarter, compared to a loss of Rs. 4,297.98 lakhs in the same period last year. However, on consolidated basis, the company posted a loss of Rs. 5,920.45 lakhs. The company recognized exceptional gains of Rs. 6,883.56 lakhs on standalone basis and Rs. 7,060.06 lakhs on consolidated basis, primarily from compensation received from Chandigarh Administration. Revenue from operations declined to Rs. 1,338.02 lakhs on standalone basis from Rs. 3,565.67 lakhs in the previous year quarter. The company continues to face multiple ongoing arbitration proceedings with DMRC and other parties, with various projects under dispute. The auditors have expressed qualified opinions citing uncertainties around asset recoverability and going concern issues due to the company's tight liquidity situation.