Parle Industries Ltd

AGM details

• Date and time: 29-09-2026, 10:30–11:00 AM, via VC/OAVM.
• Record date: 22-09-2026.
• Shareholders on record: 75,589.
• Public attendees via videoconference: 65.
• Resolutions considered: 4.

Key resolutions

• Resolution 1: Ordinary; adopt standalone financial statements for year ended 31 March 2026.
• Resolution 2: Ordinary; adopt audited consolidated financial statements for year ended 31 March 2026.
• Resolution 3: Ordinary; reappointment of Paras Navinchandra Bhojani by rotation.
• Resolution 4: Ordinary; appoint Ajay Kumar & Co. as Secretarial Auditor for five years.

Voting outcomes

• Resolution 1: Passed; 425,179 for, 359,093 against.
• Resolution 2: Passed; 425,179 for, 359,093 against.
• Resolution 3: Not passed; 25,179 for, 59,093 against.
• Resolution 4: Passed; 425,179 for, 0 against.

Directors and auditors

• Paras Bhojani’s reappointment proposed but rejected.
• Secretarial Auditor Ajay Kumar & Co. appointed for five years.

AGM details

• Held on 29 September 2026 via VC/OAVM, 10:30–11:00 IST.
• E-voting opened 25 September 2026 at 09:00 and closed 28 September 2026 at 17:00.
• Attendance: 65 members; all directors attended via VC/OAVM.

Key resolutions

• Adopt audited standalone financial statements for year ended 31 March 2026.
• Adopt audited consolidated financial statements for year ended 31 March 2026.
• Reappointment of Paras Navinchandra Bhojani as director on rotation.
• Appointment of M/s Ajay Kumar & Co. as secretarial auditor for five years.

Voting outcome

• All four resolutions were approved by shareholders.

Director changes

• Paras Navinchandra Bhojani reappointed as director on rotation.

Auditor appointments

• Secretarial auditor appointed for five-year term: M/s Ajay Kumar & Co.

Parle Industries Ltd - Closure of Trading Window

AGM and annual report availability

• Annual Report FY2025-26 and 43rd AGM notice are on the company website.
• Letter sent to members without registered email addresses.

Book closure

• Register closure from 23 September 2026 to 29 September 2026 for the 43rd AGM.

AGM details

• AGM scheduled for 29 September 2026 at 10:30 AM via VC/OAVM
• Cut-off date for e-voting: 22 September 2026
• Book closure: 23 September to 29 September 2026
• Remote e-voting: 25 Sep 2026 09:00 to 28 Sep 2026 17:00

Key resolutions

• Ordinary: adoption of standalone financial statements for FY2025-26
• Ordinary: adoption of consolidated financial statements for FY2025-26
• Ordinary: re-appointment of Paras Navinchandra Bhojani as Director
• Special (Ordinary): appointment of Ajay Kumar & Co as Secretarial Auditor for five years
• Remuneration: Board to set Secretarial Auditor remuneration; FY2026-27 Rs 50,000

Dividend

• Dividend not proposed or paid for the year

Director changes

• Paras Navinchandra Bhojani re-appointment as Director (retiring by rotation)

Auditor appointments

• Statutory Auditor: ARCK & Co appointed for five-year term up to 2030-31
• Secretarial Auditor: Ajay Kumar & Co appointed for five years; remuneration to be fixed
• Internal Auditor: Motilal & Associates LLP appointed for FY2025-26

Material related party transactions

• Remuneration and sitting fees to KMPs and Directors
• Investment in Golden-Valley Treasure Park Private Limited
• Related party disclosures are contained in the notes

Financial highlights

• Standalone total income 89.38 lakhs; PAT 5.06 lakhs.
• Consolidated total income 93.75 lakhs; PAT (8.86) lakhs.
• Dividend not declared.
• Forfeiture of 2.265 million shares reduced paid-up capital to Rs 26.19 crore.
• Standalone EPS 0.02; Consolidated EPS -0.03.
• Standalone net worth 11,331.91 lakhs as of 31 Mar 2026.

Capital structure & shareholding

• Authorised capital Rs 65 crore; issued capital Rs 26.19 crore after forfeiture.
• Forfeiture of 2.265 million shares reduced paid-up capital to Rs 26.19 crore.
• Forfeited shares to Forfeited Shares Reserve; total 81.54 crore.
• Brillant Properties Private Ltd held 8.53% as at 31 Mar 2026.
• Dematerialised holdings 99.95% of equity.
• No dividend; no buybacks; no sweat equity.
• Welldone Integrated Services Private Limited and MVPL SPAs terminated; they never became subsidiaries.

Subsidiaries & investments

• Golden-Valley Treasure Park Private Limited diluted to 33% stake; remains a subsidiary.
• GVTPL treated as subsidiary per Ind AS despite dilution; consolidation continued.
• Investment in WISPL and MVPL derecognised; reclassified to Other Current Assets; arbitration pending.
• No other material subsidiaries or associates disclosed.

Operations and segment

• Two principal segments: Infrastructure & Real Estate; Paper Waste Recycling.
• Segment revenue: Infrastructure 60.00; Paper Waste nil; Unallocable 29.38.
• Total segment revenue: Standalone 60.00; Consolidated 64.12.
• Total PBT: Standalone (3.52); Consolidated (8.86).
• Investment in GVTPL consolidation continues; strategic focus on expansion.

Corporate governance & audit

• Board comprises seven members: three executive, three independent, one woman chair.
• Statutory auditors ARCK & Co; Secretarial Auditor: Ajay Kumar & Co for five years.
• Independent Directors met on 26 March 2026; no resignation during year.
• Board met ten times; attendance as per governance norms.
• Vigil mechanism and POSH policy in place; no harassment complaints.

Cash flows & liquidity

• Consolidated cash flow: net cash increase Rs 113.0 lakhs; year-end cash Rs 174.35 lakhs.
• Standalone cash from operations negative; investing cash inflows significant due to investments.
• Liquidity maintained with positive cash balance throughout year.

Outlook and risks

• Growth expected through acquisitions and new business initiatives.
• Risks include AI disruption, geopolitical tensions, high interest rates.

Key board approvals

• Re-appointment of Paras Bhojani as Director, liable to retire by rotation, approved.
• Appointed M/s. Ajay Kumar & Co. as Secretarial Auditors for 2026-31, subject to AGM.
• Shifted registered office to A/614, Crystal Plaza, Andheri West, Mumbai, effective 3 September 2026.
• Approved Board Report and annexures for FY2025-26.
• Fixed the date, time and venue for the 43rd AGM.
• Fixed Book Closure date and approved AGM Notice.
• Annexures A and B attached.