Parle Industries Limited has announced the appointment of M/s. Motilal & Associates LLP as its Internal Auditor for the financial year 2026-27. The Board of Directors approved this appointment during their meeting held on April 11, 2026, based on the recommendation of the company's Audit Committee.

Board Approval and Regulatory Compliance

The appointment was formally disclosed under Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The disclosure was made in accordance with SEBI Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024.

About the Appointed Internal Auditor

M/s. Motilal & Associates LLP is an established chartered accountancy firm with significant experience in the field. The firm was founded in 1985 with a vision to provide value-added services and solutions, bringing over three decades of professional expertise to their clients.

The firm maintains high ethical and professional standards while prioritizing client interests and quality of professional work. Their commitment to objectivity and professional excellence aligns with the requirements of internal audit functions.

Service Specializations

Motilal & Associates LLP offers a comprehensive range of professional services:

• General and specialized audit & assurance services
• Management consultancy & advisory
• Valuation & modeling
• Financial process outsourcing
• Tax & regulatory services

Corporate Governance Enhancement

The appointment of a qualified internal auditor represents an important step in strengthening Parle Industries Limited's corporate governance framework. Internal auditors play a crucial role in ensuring compliance with regulatory requirements and maintaining robust internal control systems.

The formal disclosure was signed by Bharat Kumar Bohra, Company Secretary & Compliance Officer, from the company's registered office in Mumbai on April 11, 2026.

Parle Industries Limited has disclosed that Golden Valley Treasure Park Pvt Ltd has ceased to be its material subsidiary, marking a significant corporate restructuring development for the Mumbai-based company.

Subsidiary Status Change Details

The change in subsidiary status became effective from 31.03.2026, when Golden Valley Treasure Park Pvt Ltd, formerly known as Windfield Spaces Pvt Ltd, no longer met the material subsidiary criteria under SEBI regulations.

Regulatory Compliance Framework

The disclosure was made pursuant to Regulation 30(6) and Part A of Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. According to the regulatory framework, a subsidiary ceases to be material when its financial metrics fall below the prescribed thresholds.

The key regulatory aspects include:

• Compliance with Regulation 16(1)(c) of SEBI Listing Regulations
• Financial threshold based on turnover and net worth criteria
• Requirement to maintain records of subsidiary status changes
• Mandatory disclosure to stock exchanges

Financial Threshold Analysis

Golden Valley Treasure Park Pvt Ltd's turnover and net worth dropped below 10% of Parle Industries Limited's provisional consolidated financial statements for the financial year ended 31st March, 2026. This decline triggered the automatic change in subsidiary classification under SEBI guidelines.

Corporate Communication

The announcement was signed by Bharat Kumar Bohra, Company Secretary and Compliance Officer of Parle Industries Limited, and dated 11th April, 2026. The disclosure was submitted to BSE Limited as part of the company's ongoing compliance obligations under securities regulations.

This development reflects the dynamic nature of corporate subsidiary relationships and the importance of maintaining regulatory compliance in listed company operations.