Corporate Governance11 April 2026 at 01:31 pm
Parle Industries Board Appoints Auditors; Subsidiary No Longer Material
AI Summary
Parle Industries' Board of Directors, at its meeting on April 11, 2026, approved the appointment of M/s. Sachin Singh & Associates as Secretarial Auditor for FY 2025-26 to fill a casual vacancy. M/s. Motilal & Associates LLP was also appointed as Internal Auditor for FY 2026-27. Additionally, the Board noted that Golden Valley Treasure Park Pvt Ltd (formerly Windfield Spaces Pvt Ltd) ceased to be a material subsidiary, as its financial contribution fell below 10% of the company's provisional consolidated financial statements for the fiscal year ended March 31, 2026.
Key Highlights
- Sachin Singh & Associates appointed Secretarial Auditor for FY25-26.
- Motilal & Associates LLP appointed Internal Auditor for FY26-27.
- Golden Valley Treasure Park ceased to be a material subsidiary.
- Subsidiary's financial contribution fell below 10% of consolidated financials.