Please find the attached Outcome of Board Meeting
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Parle Industries reported weak Q3 FY26 results with standalone revenue from operations of ₹15.00 lakhs versus nil in Q3 FY25, while nine-month revenue fell sharply to ₹45.58 lakhs from ₹100.42 lakhs last year. The company slipped into a loss of ₹(24.65) lakhs in Q3 FY26 (standalone PAT) and ₹(12.89) lakhs for nine months, compared to a profit of ₹29.66 lakhs in 9M FY25. Consolidated results showed similar weakness with 9M FY26 PAT of ₹(16.07) lakhs. The auditor flagged an Emphasis of Matter relating to share forfeiture and a failed share-swap deal that may require reclassification of investments. Additionally, the Secretarial Auditor (Sharatkumar Shetty & Associates) resigned effective Feb 14, 2026, citing procedural concerns, and a new auditor (A R C K & Co.) has reviewed these results, marking a change from the previous auditor.
The sharp revenue decline and swing to losses signal continued operational stress, while the share-swap and forfeiture issues flagged by the auditor raise governance concerns. Shareholders should watch for the appointment of a new Secretarial Auditor and further clarity on the pending investment adjustments, as these could weigh on sentiment.