Parle Industries Ltd — Results, 20-06-2025: Result

Parle Industries Limited has announced a board meeting on 20.06.2025, during which the financial results for the quarter and half-year ended 31.03.2025 were approved. The company received a qualified audit opinion due to a legal dispute involving non-receipt of consideration related to shares allotted to shareholders of Welldone Integrated Services Pvt Ltd and Marvelous Vickyfoods Pvt Ltd via share swap. An investment and corresponding equity capital of ₹81.54 Cr recorded is under dispute following the termination of the Share Purchase Agreement. Consequently, these entities were not consolidated in the financials, impacting reported investments and share capital. The Board plans to forfeit the defaulting shareholders’ shares to protect capital integrity. Operational segments include Infrastructure & Real Estate and Paper Waste Recycling, with the company reporting modest profits before tax but facing challenges linked to the disputed investments.