Subsidiary11 April 2026 at 01:41 pm
Parle Industries: Golden Valley Treasure Park ceases to be material subsidiary
AI Summary
Parle Industries Ltd announced that Golden Valley Treasure Park Pvt Ltd (formerly Windfield Spaces Pvt Ltd) has ceased to be a material subsidiary. This reclassification is effective from March 31, 2026. The change occurred because Golden Valley Treasure Park's turnover and net worth fell below the 10% financial threshold criterion of Parle Industries' provisional Consolidated Financial Statements for the fiscal year ended March 31, 2026, as per Regulation 16(1)(c) of SEBI Listing Regulations.
Key Highlights
- Golden Valley Treasure Park Pvt Ltd is no longer a material subsidiary.
- The change is effective from March 31, 2026.
- Cessation due to financial thresholds falling below 10%.
- Based on provisional FY26 consolidated financial statements.