Parshva Enterprises Limited's Board of Directors has approved a substantial increase in the company's authorized share capital, marking a significant corporate development that requires shareholder approval through a postal ballot process.

Board Meeting Outcomes

The board meeting held on January 19, 2026, addressed several key corporate governance matters under Regulation 30 of the SEBI Listing Regulations. The primary decision involved the alteration of Capital Clause V of the Memorandum of Association to increase the company's financial capacity.

Postal Ballot Process Framework

The board has established a comprehensive framework for the postal ballot process to seek shareholder approval. The company will distribute the postal ballot notice electronically to members whose email addresses are registered with their depository participants or the company, based on the list of beneficial owners furnished by NSDL and CDSL.

Governance and Compliance Measures

The board has appointed M/s JSD & Associates, Practicing Company Secretary, to serve as the scrutinizer for the voting process. This appointment ensures fair and transparent scrutinizing of both the voting and remote e-voting procedures in compliance with regulatory requirements.

Shareholders holding shares in either physical or dematerialized form will be eligible to participate in the electronic voting process during the specified period. The company has engaged National Securities Depository Limited to facilitate the remote e-voting system for the postal ballot.

Meeting Details and Corporate Information

The board meeting commenced at 5:30 PM and concluded at 6:15 PM on January 19, 2026. Managing Director Prashant Avantilal Vora, with DIN 06574912, signed the official communication to the Bombay Stock Exchange, where the company trades under scrip code 542694.

The proposed capital increase represents a 42.86% expansion in the company's authorized share capital, indicating the management's strategic planning for future growth and business expansion opportunities. The formal communication was made pursuant to Regulation 30 of the Securities and Exchange Board of India Listing Obligations and Disclosure Requirements Regulations, 2015.

Parshva Enterprises Limited (PEL) has successfully completed the demerger of its jewellery business to Simandhar Impex Limited (SIL), as sanctioned by the National Company Law Tribunal (NCLT), Mumbai Bench. This strategic move marks a significant corporate restructuring for the company, aimed at unlocking value for its shareholders.

Key Details of the Demerger

The demerger involves the transfer and vesting of PEL's Jewellery Business (defined as the Demerged Undertaking in the scheme) into Simandhar Impex Limited on a going concern basis. As part of this arrangement, shareholders of Parshva Enterprises will receive shares in Simandhar Impex Limited.

Share Allotment Ratio

Shareholders of Parshva Enterprises will receive:

This share distribution applies to shareholders whose names are recorded in the register of members and/or records of the depository as of the Record Date, which was set as November 5, 2025.

Tax Implications and Cost Allocation

The demerger complies with Section 2(19AA) of the Income Tax Act, 1961, making it a tax-neutral transaction for shareholders. For tax calculation purposes, shareholders are advised to apportion their original cost of acquisition as follows:

Compliance and Approval

The scheme of arrangement has been sanctioned by the NCLT, Mumbai Bench, through an order dated October 13, 2025. This approval ensures that the demerger adheres to all necessary legal and regulatory requirements.

Implications for Investors

This demerger may potentially allow both entities to focus on their core competencies, potentially leading to improved operational efficiency and value creation for shareholders. However, investors should carefully consider the implications of this corporate action on their investment portfolios and consult with financial advisors if needed.

Shareholders are encouraged to stay informed about further developments and any additional information the company may provide regarding this corporate action.