Pursuant to Regulation 30 of SEBI LODR 2015,we hereby inform you that the Audited Financial Results ( Standalone and Consolidated) for the quarter and year ended 31st March 2025 approved ....
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Parle Industries Limited reported audited financial results for FY25 with total revenue of ₹128.99 lakhs, up sharply from ₹46.11 lakhs in FY24, and a net profit of ₹38.15 lakhs versus ₹2.89 lakhs in the previous year. Operating cash flow also turned positive at ₹62.99 lakhs compared to a negative ₹140.50 lakhs in FY24. However, the statutory auditor, M/s Ajmera & Ajmera, issued a qualified opinion on both standalone and consolidated results. The qualification relates to a share-swap transaction with two entities (WISPL and MVPL), where the company allotted shares worth ₹81.54 crores but did not receive the promised consideration in return, leading to ongoing legal dispute. The company has terminated the Share Purchase Agreement on 11 June 2025. The auditor also included an emphasis of matter on the same dispute.
The qualified opinion and the ₹81.54 crore disputed investment/shares are serious red flags for shareholders — if the dispute is not resolved in the company's favour, the investment value may need to be written off, eroding reported equity. The strong revenue and profit growth is encouraging but should be viewed cautiously given the unresolved legal and accounting issues.