Announcement under Reg.30 of SEBI (LODR) Regulations ,2018 of Forfeiture of unpaid equity shares of the Company as per PDF attached
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Parle Industries has announced the forfeiture of 2,26,50,000 equity shares after shareholders failed to pay the final call money despite a notice dated 20 June 2025. The Board of Directors, at a meeting held on 10 July 2025, approved the forfeiture of these shares in line with the Companies Act 2013, the company's Articles of Association, and SEBI ICDR Regulations. The disclosure has been made to BSE under Regulation 30 of the SEBI LODR Regulations, 2015. The total number of forfeited shares represents a significant portion of the company's outstanding equity.
Forfeiture reduces the total outstanding share count, which can marginally improve earnings per share and book value per share. However, it also reflects that a large block of shareholders could not or did not pay the call money, which is a mildly negative signal about shareholder commitment. Overall, this is a routine corporate housekeeping action and is unlikely to have a material impact on the stock price.