Disclosure under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 in terms of Regulation 16(1)(c) of SEBI (Listing Obligations and Disclosure Requirements ....
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Parle Industries Limited has disclosed that its subsidiary, Golden Valley Treasure Park Pvt Ltd (formerly Windfield Spaces Pvt Ltd), has ceased to be classified as a material subsidiary effective March 31, 2026. The reason for this change is that the subsidiary's financial metrics, specifically its turnover and net worth, have fallen below 10% of Parle Industries' consolidated figures for the financial year ended March 31, 2026. This triggers compliance with Regulation 16(1)(c) of SEBI Listing Regulations which defines material subsidiary thresholds. The disclosure is routine regulatory compliance and does not indicate any sale, demerger, or restructuring of the subsidiary.
This is a minor administrative disclosure with negligible direct impact on shareholders. It simply reflects that the subsidiary has become financially immaterial to the group, falling below the 10% threshold. No immediate shareholder action or stock price impact is expected from this regulatory filing.