Parle Industries Limited announced that the Board of Directors of the Company at its meeting held on 31st Jan. 2024, considered and approved removal of Mr. Paresh Tulsidas Parekh from the office of Chief Executive Officer and from the post of KMP of the Company with immediate effect. Reason for removal: Mr. Paresh Tulsidas Parekh has been booked by the Gujarat Police, FIR filed investigation u/s 420, 114 etc of IPC, and is accused for defrauding suppliers of Paper Waste Division, chargesheet filed, Board of Directors unanimously accorded their consent to Remove him from office of CEO with immediate effect.

Date of cessation is 31 January,2024.