Parle Industries Limited has announced a board meeting on 10 July 2025, during which it decided to forfeit 2.26 crore equity shares due to non-payment of the First and Final Call money by certain shareholders.

Notices of forfeiture have been sent to the defaulting shareholders, informing them that their unpaid shares have been extinguished and are now the company’s property.

The company may sell, dispose of, or cancel the forfeiture of these shares at its discretion.

This action reflects the company’s enforcement of payment discipline and protects shareholder value.