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.

Parle Industries Limited's Board of Directors convened on April 11, 2026, to address a critical appointment in the company's audit framework. The board approved the appointment of M/s. Sachin Singh & Associates as Secretarial Auditor for FY 2025-26 to fill a casual vacancy, strengthening the company's governance structure and compliance standards.

Secretarial Auditor Appointment Details

The board formally approved the appointment of M/s. Sachin Singh & Associates, Practicing Company Secretaries, to serve as the company's Secretarial Auditor. This appointment was made pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Professional Profile and Expertise

Mr. Sachin Singh brings substantial expertise to his role as Secretarial Auditor. As a Law Graduate (LLB) and Practicing Company Secretary, he possesses over 10 years of rich professional experience, including 4 years of post-qualification specialization in corporate secretarial, corporate governance, and compliance matters.

Areas of Specialization

Mr. Singh's extensive expertise encompasses a wide range of corporate legal and regulatory assignments. His practice includes company law advisory, corporate restructuring, secretarial audits, regulatory filings, and compliance management under various corporate laws and SEBI regulations. He regularly assists clients in ensuring compliance with the provisions of the Companies Act while maintaining the highest standards of professional integrity and governance.

His comprehensive service portfolio includes incorporation and structuring of companies and LLPs, drafting of legal and corporate documents, conducting board and shareholder meetings, preparation of minutes and statutory registers, due diligence, and liaison with regulatory authorities such as the Registrar of Companies (ROC) and other government bodies.

Regulatory Compliance and Disclosure

The appointment was formally communicated to BSE Limited under the company's scrip code 532911, ensuring full transparency and regulatory compliance. The disclosure was made in accordance with SEBI Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024, with comprehensive information provided in the annexure to maintain transparency standards.

The appointment reflects Parle Industries Limited's commitment to maintaining robust internal controls and adherence to corporate governance best practices. Company Secretary & Compliance Officer Bharat Kumar Bohra signed the formal communication, confirming the board's decision and ensuring proper regulatory disclosure.