Brilliant Properties Private Limited has announced a significant reduction in its shareholding in Parle Industries Limited through open market transactions conducted over a month-long period. The company filed the mandatory disclosure under SEBI regulations following the completion of the share sale.

Transaction Details

The share disposal involved substantial volumes and was executed systematically through stock exchange mechanisms. Key transaction parameters are outlined below:

Shareholding Changes

The transaction resulted in a notable shift in Brilliant Properties' ownership position in Parle Industries Limited. The comparative shareholding position demonstrates the impact of this divestment:

Company Information

Parle Industries Limited maintains its listing on BSE Limited with scrip code 532911. The company's equity share capital remains unchanged at 4,88,00,000 equity shares of Rs.10/- each, totaling Rs.48,80,00,000/-. This capital structure remained constant both before and after the transaction.

Regulatory Compliance

Brilliant Properties Private Limited fulfilled its regulatory obligations by filing the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The disclosure was submitted to both BSE Limited and Parle Industries Limited as required under the regulations.

The transaction represents a strategic portfolio adjustment by Brilliant Properties while maintaining a significant minority stake in Parle Industries Limited. The company continues to hold a substantial 16.40% ownership position following the completion of this open market sale.

Parle Industries Limited announced its unaudited financial results for the quarter ended December 31, 2025, showing continued losses despite revenue generation. The company also witnessed a change in its secretarial auditing arrangement during the quarter.

Financial Performance Q3FY26

The company's standalone financial performance for Q3FY26 reflected operational challenges with a net loss of Rs. 24.65 lakhs compared to Rs. 21.85 lakhs loss in Q3FY25. However, revenue from operations showed improvement, rising to Rs. 15.00 lakhs in Q3FY26 from nil in the corresponding quarter of the previous year.

Nine-Month Performance Analysis

For the nine months ended December 31, 2025, the company reported a standalone net loss of Rs. 12.89 lakhs compared to a net profit of Rs. 29.66 lakhs in the corresponding period of the previous year. Revenue from operations decreased to Rs. 45.00 lakhs from Rs. 100.02 lakhs in the previous year.

Consolidated Results

On a consolidated basis, the company reported a net loss of Rs. 20.50 lakhs for Q3FY26 compared to Rs. 21.85 lakhs loss in Q3FY25. Consolidated revenue from operations stood at Rs. 15.00 lakhs in Q3FY26. The consolidated results include Windfield Spaces Private Limited.

Secretarial Auditor Resignation

Sharatkumar Shetty & Associates resigned from their position as Secretarial Auditor of the company effective February 14, 2026. The resignation was attributed to other professional commitments, as disclosed in the regulatory filing.

Business Segments

The company operates through two reportable segments: Infrastructure & Real Estate, and Paper Waste Recycling. The Infrastructure & Real Estate segment generated Rs. 15.00 lakhs in Q3FY26 and Rs. 49.30 lakhs for the nine months ended December 31, 2025. The Paper Waste Recycling segment did not report any revenue during these periods.

Corporate Governance

The company reported zero investor complaints for the quarter, with no complaints received, disposed of, or remaining unresolved. The paid-up equity share capital remained unchanged at Rs. 4,884.00 lakhs with a face value of Rs. 10 per share.