Parle Industries Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 11/06/2025 ,inter alia, to consider and approve Pursuant to Regulation 29 ....
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Parle Industries has informed BSE that its Board of Directors will meet on June 11, 2025, to decide the fate of a Share Purchase Agreement (SPA) signed on September 3 and 4, 2024, with Marvelous Vickyfoods Private Limited and Welldone Integrated Services Private Limited (along with their shareholders). The agreement is being reviewed because one or more parties have materially breached its conditions. The Board will also decide on what further actions to take as a result. No specific financial details, deal value, or counter-party stakes were disclosed in this intimation.
If the Board decides to terminate the deal, it could halt the planned acquisition and remove the expected growth or synergy benefits for Parle Industries. Shareholders should watch the June 11 outcome closely, as a cancellation could weaken the stock's short-term narrative while a renegotiated or revived deal could provide relief.