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  3. Brillant Properties Pvt. Ltd. Divests 14,80,005 Shares in Parle Industries via Open Market
ipo services in India
India IPO
  • 09 May 2026
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 Brillant Properties Pvt. Ltd. Divests 14,80,005 Shares in Parle Industries via Open Market

Brillant Properties Pvt. Ltd. sold 14,80,005 equity shares (3.03%) of Parle Industries Limited via open market on BSE between April 18, 2026 and May 8, 2026. Prior to the disposal, the seller held 29,83,754 shares (6.11%), which reduced to 15,03,749 shares (3.08%) post-sale. The equity share capital of Parle Industries Limited remains unchanged at 4,88,00,000 shares of Rs. 10/- each, totalling Rs. 48,80,00,000/-. The disclosure was filed under Regulation 29(2) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.

Brillant Properties Pvt. Ltd. Divests 14,80,005 Shares in Parle Industries via Open Market

Brillant Properties Pvt. Ltd. has filed a disclosure under Regulation 29(2) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, reporting the sale of 14,80,005 equity shares of parle industries Limited through the open market on BSE Limited. The transactions were executed between April 18, 2026 and May 8, 2026, resulting in a significant reduction in the seller's shareholding in the target company.

Shareholding Before and After the Disposal

Prior to the disposal, Brillant Properties Pvt. Ltd. held 29,83,754 equity shares, equivalent to 6.11% of the total share and voting capital of Parle Industries Limited. Following the sale of 14,80,005 shares (3.03%), the residual holding stands at 15,03,749 shares, representing 3.08% of the total share and voting capital as on May 8, 2026. The table below summarises the key shareholding details:

Parameter: Details Target Company: Parle Industries Limited Seller: Brillant Properties Pvt. Ltd. Stock Exchange: BSE Limited Mode of Sale: Open Market Period of Sale: April 18, 2026 to May 8, 2026 Shares Sold: 14,80,005 (3.03%) Holding Before Sale: 29,83,754 (6.11%) Holding After Sale: 15,03,749 (3.08%)

Disclosure Details Under Annexure – 2

The detailed disclosure submitted as Annexure – 2 provides a comprehensive breakdown of the shareholding position before and after the disposal. The figures for both total share capital and diluted share/voting capital of Parle Industries Limited remain unchanged at 4,88,00,000 equity shares of Rs. 10/- each, totalling an equity share capital of Rs. 48,80,00,000/-.

Metric: Number % of Total Share Capital % of Diluted Share Capital Holding Before Disposal: 29,83,754 6.11% 6.11% Shares Sold: 14,80,005 3.03% 3.03% Holding After Disposal: 15,03,749 3.08% 3.08%

Regulatory Compliance

The disclosure was submitted by Satish M. Shidhaye, Director of Brillant Properties Pvt. Ltd., from Mumbai, dated May 9, 2026. The filing was addressed to BSE Limited and Parle Industries Limited in accordance with the prescribed regulatory format. Brillant Properties Pvt. Ltd. is not classified under the Promoter or Promoter Group category of the target company, as indicated in the disclosure.

The Board of Directors of Parle Industries , at its meeting held on May 06, 2026, approved two key changes to its secretarial leadership. The Board accepted the resignation of Mr. Bharat Kumar Bohra as Company Secretary and simultaneously appointed Ms. Rajshree V. Chimbaikar as the new Company Secretary and Compliance Officer, both effective May 06, 2026. The meeting commenced at 05:30 p.m. and concluded at 06:50 p.m. These disclosures were made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Leadership Transition at a Glance

The following table summarises the key details of both the resignation and the appointment as disclosed by the company:

Parameter: Details Outgoing Company Secretary: Mr. Bharat Kumar Bohra Reason for Resignation: Better prospects and other professional commitments Effective Date of Resignation: May 06, 2026 Incoming Company Secretary: Ms. Rajshree V. Chimbaikar Membership No.: A31011 Effective Date of Appointment: May 06, 2026 Relationship with Directors: Not related to any Director(s)

Resignation of Mr. Bharat Kumar Bohra

Mr. Bharat Kumar Bohra tendered his resignation from the post of Company Secretary and Compliance Officer citing better future prospects and other professional commitments. In his resignation letter addressed to the Board of Directors, Mr. Bohra requested to be relieved from his duties with effect from May 6, 2026 and asked the Board to arrange submission of the necessary forms with the office of the Registrar of Companies. Mr. Bohra expressed that he felt privileged to have been part of the organisation and thanked the Board of Directors for their support and guidance during his tenure.

Profile of Incoming Company Secretary

Ms. Rajshree V. Chimbaikar has been appointed as the Company Secretary and Compliance Officer of Parle Industries with effect from May 06, 2026. She brings over 14 years of post-qualification experience across various listed and unlisted companies in the fields of secretarial and legal matters. Her areas of expertise include:

Conducting Annual General Meetings (AGMs), Extraordinary General Meetings (EGMs), and Board Meetings

Secretarial Audits and Financial Audits

Statutory Compliance under SEBI Regulations, Company Law, and related acts

As disclosed by the company, Ms. Chimbaikar is not debarred from holding office by virtue of any SEBI Order or any other such authority, and she is not related to any of the Directors of the company.

Regulatory Compliance

The disclosures pertaining to both the resignation and the appointment were made in accordance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, read with SEBI Master Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024. The Board meeting outcome was signed by Director Rakeshkumar D. Mishra (DIN: 06919510) on May 06, 2026, from Mumbai.

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