Pursuant to Regulation 30 of SEBI (LODR) Regulations 2015, the Meeting of the Board of Director of the Company was held today i.e. 10/07/2025 at the Registered Office of the Company to ....
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Parle Industries Limited held a Board meeting on July 10, 2025, from 11:00 AM to 11:55 AM at its registered office in Andheri East, Mumbai. The Board approved the forfeiture of 2,26,50,000 (2.265 crore) unpaid equity shares of face value Rs. 10 each, on which the First and Final Call Money was not received. This action follows the First and Final Call Money Notice issued on June 20, 2025. The forfeiture is being carried out under SEBI LODR Regulations, 2015, read with the SEBI circular dated November 11, 2024.
This will reduce the company's outstanding share count and paid-up equity capital. For shareholders, the per-share metrics like EPS and book value may improve marginally going forward, but this is a housekeeping capital action rather than a value-creating event.