Parle Industries reports FY26 profit, reverses prior year loss

1 min read     Updated on 30 May 2026, 05:03 PM
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AI Summary

Parle Industries Limited reported a net profit of ₹5.06 lakh for FY26, reversing the prior year's result, driven by a strong Q4 performance where profit reached ₹36.59 lakh. The board approved the audited results on May 28, 2026, with the findings published in newspapers on May 30, 2026. The company also disclosed the forfeiture of shares worth ₹81.54 crore and an unmodified audit report from M/s. ARCK & Co.

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Parle Industries Limited reported a net profit of ₹5.06 lakh for the financial year ended March 31, 2026, reversing the net profit of ₹38.15 lakh recorded in the previous year. The board approved the standalone and consolidated audited financial results for the fourth quarter and financial year ended March 31, 2026, at its meeting held on May 28, 2026. The company disclosed that the financial results were published in newspapers on May 30, 2026, in compliance with Regulation 30 and Regulation 47(3) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

For the quarter ended March 31, 2026, the company reported a profit of ₹36.59 lakh, compared to a profit of ₹8.61 lakh in the corresponding quarter of the previous year. Total revenue for the quarter stood at ₹43.84 lakh, a significant increase from ₹28.56 lakh in the same period last year. For the full year, total revenue decreased to ₹89.38 lakh from ₹128.99 lakh in FY25.

Financial Performance

Metric FY26 (₹ in Lakhs) FY25 (₹ in Lakhs)
Total Revenue 89.38 128.99
Total Expenses 92.90 101.45
Net Profit for the period 5.06 38.15
Earnings Per Share (Basic) 0.02 0.08

Segment Performance

The company operates primarily in two reportable segments: Infrastructure and Real Estate, and Paper waste recycling. Segment revenue for Infrastructure and Real Estate was ₹60.00 lakh for the year ended March 31, 2026, down from ₹99.30 lakh in the previous year. The Paper waste recycling segment reported revenue of ₹27.77 lakh, consistent with the prior year.

Key Disclosures

The board noted the forfeiture of shares aggregating to ₹81.54 crore, comprising share capital of ₹22.65 crore and securities premium of ₹58.89 crore, transferred to the 'Forfeited Shares Reserve'. This action followed the termination of Share Purchase Agreements with Welldone Integrated Services Private Limited and Marvelous Vickyfoods Private Limited due to non-transfer of requisite shares. The investment aggregating to ₹81.54 crore has been derecognized from "Investments in Subsidiaries" and reclassified under "Other Current Assets" pending final adjudication before the Arbitration Tribunal.

The statutory auditors, M/s. ARCK & Co., Chartered Accountants, issued an unmodified opinion on the audited financial results. The company also declared compliance with Regulation 33(3)(d) of the SEBI (LODR) Regulations, 2015 regarding the auditor's report.

Historical Stock Returns for Parle Industries

1 Day5 Days1 Month6 Months1 Year5 Years
-1.95%+1.67%+130.80%+30.69%-6.03%+21.73%

What is the expected timeline for the Arbitration Tribunal's final adjudication regarding the forfeited shares?

How does the company plan to stabilize revenue in the Infrastructure and Real Estate segment following this year's decline?

Will the derecognized investment of ₹81.54 crore require impairment provisions if the legal outcome is unfavorable?

Brillant Properties Pvt. Ltd. Divests 14,80,005 Shares in Parle Industries via Open Market

1 min read     Updated on 09 May 2026, 03:12 PM
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AI Summary

Brillant Properties Pvt. Ltd. sold 14,80,005 equity shares (3.03%) of Parle Industries Limited via open market on BSE between April 18, 2026 and May 8, 2026. Prior to the disposal, the seller held 29,83,754 shares (6.11%), which reduced to 15,03,749 shares (3.08%) post-sale. The equity share capital of Parle Industries Limited remains unchanged at 4,88,00,000 shares of Rs. 10/- each, totalling Rs. 48,80,00,000/-. The disclosure was filed under Regulation 29(2) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.

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Brillant Properties Pvt. Ltd. has filed a disclosure under Regulation 29(2) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, reporting the sale of 14,80,005 equity shares of parle industries Limited through the open market on BSE Limited. The transactions were executed between April 18, 2026 and May 8, 2026, resulting in a significant reduction in the seller's shareholding in the target company.

Shareholding Before and After the Disposal

Prior to the disposal, Brillant Properties Pvt. Ltd. held 29,83,754 equity shares, equivalent to 6.11% of the total share and voting capital of Parle Industries Limited. Following the sale of 14,80,005 shares (3.03%), the residual holding stands at 15,03,749 shares, representing 3.08% of the total share and voting capital as on May 8, 2026. The table below summarises the key shareholding details:

Parameter: Details
Target Company: Parle Industries Limited
Seller: Brillant Properties Pvt. Ltd.
Stock Exchange: BSE Limited
Mode of Sale: Open Market
Period of Sale: April 18, 2026 to May 8, 2026
Shares Sold: 14,80,005 (3.03%)
Holding Before Sale: 29,83,754 (6.11%)
Holding After Sale: 15,03,749 (3.08%)

Disclosure Details Under Annexure – 2

The detailed disclosure submitted as Annexure – 2 provides a comprehensive breakdown of the shareholding position before and after the disposal. The figures for both total share capital and diluted share/voting capital of Parle Industries Limited remain unchanged at 4,88,00,000 equity shares of Rs. 10/- each, totalling an equity share capital of Rs. 48,80,00,000/-.

Metric: Number % of Total Share Capital % of Diluted Share Capital
Holding Before Disposal: 29,83,754 6.11% 6.11%
Shares Sold: 14,80,005 3.03% 3.03%
Holding After Disposal: 15,03,749 3.08% 3.08%

Regulatory Compliance

The disclosure was submitted by Satish M. Shidhaye, Director of Brillant Properties Pvt. Ltd., from Mumbai, dated May 9, 2026. The filing was addressed to BSE Limited and Parle Industries Limited in accordance with the prescribed regulatory format. Brillant Properties Pvt. Ltd. is not classified under the Promoter or Promoter Group category of the target company, as indicated in the disclosure.

Historical Stock Returns for Parle Industries

1 Day5 Days1 Month6 Months1 Year5 Years
-1.95%+1.67%+130.80%+30.69%-6.03%+21.73%

Will Brillant Properties Pvt. Ltd. continue to divest its remaining 3.08% stake in Parle Industries Limited, and what could be the potential impact on the stock's price if a full exit occurs?

Could the significant reduction in Brillant Properties' shareholding signal a broader shift in investor sentiment toward Parle Industries Limited, potentially attracting or deterring other institutional investors?

Is there a possibility that the shares sold by Brillant Properties were acquired by a strategic investor or a promoter-linked entity, which could influence future corporate governance or control of Parle Industries?

More News on Parle Industries

1 Year Returns:-6.03%