Parle Industries Limited announced the approval of its unaudited financial results for the second quarter and half-year ended September 30, 2026. The Board of Directors reviewed and approved the standalone and consolidated results, along with the limited review reports. The auditor’s report draws attention to an ongoing arbitration proceeding related to a share swap transaction, with the ultimate outcome and financial impact currently undetermined.
Parle Industries Approves Q2 2026 Financial Results
Parle Industries Limited has announced the outcome of its Board Meeting held on November 14, 2026. The Board of Directors considered and approved the unaudited financial results for the second quarter and half-year ended September 30, 2026. These results, presented on both standalone and consolidated bases, were accompanied by limited review reports.
Auditor’s Review and Key Disclosures
The independent auditor’s report, issued by Arck & Co., confirms that nothing has come to their attention that would cause them to believe the accompanying financial statements are materially misstated. However, the report highlights an Emphasis of Matter concerning a share swap transaction and ongoing arbitration proceedings. These proceedings relate to agreements with shareholders of Welldone Integrated Services Private Limited and Marvelous Vickyfoods Private Limited. The company has disclosed the forfeiture of shares amounting to ₹81.54 Crores and reclassified these amounts. The arbitration remains pending, and its ultimate outcome and financial impact cannot presently be determined.
Financial Performance Highlights (Unaudited)
The unaudited standalone financial results indicate a revenue from operations of ₹605.00 Lakhs for the quarter ended September 30, 2026, compared to ₹10.00 Lakhs in the prior year quarter. The total revenue for the quarter stood at ₹605.11 Lakhs. Profit/(Loss) before tax for the quarter was a loss of ₹27.57 Lakhs. The consolidated results show a revenue from operations of ₹2.66 Lakhs for the quarter ended September 30, 2026, with a total revenue of ₹3.53 Lakhs and a loss of ₹27.74 Lakhs before tax.
Operational Updates
The company also provided details on its two reportable segments: Infrastructure & Real Estate and Paper waste recycling. The financial results include segment-wise revenue and capital employed. The unaudited financial results were prepared in accordance with Indian Accounting Standard 34, “Interim Financial Reporting,” and other accepted accounting principles.
Source: BSE
