The Board of Directors of Parle Industries , at its meeting held on May 06, 2026, approved two key changes to its secretarial leadership. The Board accepted the resignation of Mr. Bharat Kumar Bohra as Company Secretary and simultaneously appointed Ms. Rajshree V. Chimbaikar as the new Company Secretary and Compliance Officer, both effective May 06, 2026. The meeting commenced at 05:30 p.m. and concluded at 06:50 p.m. These disclosures were made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Leadership Transition at a Glance

The following table summarises the key details of both the resignation and the appointment as disclosed by the company:

Resignation of Mr. Bharat Kumar Bohra

Mr. Bharat Kumar Bohra tendered his resignation from the post of Company Secretary and Compliance Officer citing better future prospects and other professional commitments. In his resignation letter addressed to the Board of Directors, Mr. Bohra requested to be relieved from his duties with effect from May 6, 2026 and asked the Board to arrange submission of the necessary forms with the office of the Registrar of Companies. Mr. Bohra expressed that he felt privileged to have been part of the organisation and thanked the Board of Directors for their support and guidance during his tenure.

Profile of Incoming Company Secretary

Ms. Rajshree V. Chimbaikar has been appointed as the Company Secretary and Compliance Officer of Parle Industries with effect from May 06, 2026. She brings over 14 years of post-qualification experience across various listed and unlisted companies in the fields of secretarial and legal matters. Her areas of expertise include:

• Conducting Annual General Meetings (AGMs), Extraordinary General Meetings (EGMs), and Board Meetings
• Secretarial Audits and Financial Audits
• Statutory Compliance under SEBI Regulations, Company Law, and related acts

As disclosed by the company, Ms. Chimbaikar is not debarred from holding office by virtue of any SEBI Order or any other such authority, and she is not related to any of the Directors of the company.

Regulatory Compliance

The disclosures pertaining to both the resignation and the appointment were made in accordance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, read with SEBI Master Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024. The Board meeting outcome was signed by Director Rakeshkumar D. Mishra (DIN: 06919510) on May 06, 2026, from Mumbai.

Parle Industries Limited has announced a significant change in its corporate structure, with its subsidiary Golden-Valley Treasure Park Pvt. Ltd. (GVTPL) ceasing to be a subsidiary and transitioning to associate company status. This development follows a strategic capital expansion by GVTPL through a right issue that resulted in substantial dilution of Parle Industries' shareholding.

Corporate Structure Changes

The transformation stems from GVTPL's successful right issue offer to strategic investors, which was fully subscribed. The capital expansion led to a substantial dilution of Parle Industries Limited's shareholding in GVTPL, triggering the reclassification under corporate governance norms.

Regulatory Compliance

The disclosure was made in compliance with Regulation 30(6) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, along with Part A of Schedule III of the same regulations. This regulatory framework mandates timely disclosure of material events that could impact stakeholder interests.

Key Details

The announcement was formally communicated to BSE Limited on April 29, 2026, by Company Secretary and Compliance Officer Bharat Kumar Bohra. The disclosure emphasizes the company's commitment to maintaining transparency with stakeholders regarding significant corporate developments.

Impact Assessment

The reclassification from subsidiary to associate status represents a fundamental change in the relationship between Parle Industries Limited and GVTPL. As an associate company, GVTPL will no longer be consolidated as a subsidiary in Parle Industries' financial statements, though the company will maintain significant influence through its remaining shareholding.

This corporate restructuring reflects GVTPL's successful capital raising efforts and strategic expansion plans, while ensuring Parle Industries Limited maintains regulatory compliance through proper disclosure mechanisms.