Parle Industries Ltd put out a statement recently to debunk recent market gossip and clear the air on two important matters:
The company has categorically denied that it owns the Parle-G biscuit manufacturing unit, which is a standalone entity.
Parle Industries has outrightly disassociated itself with any participation in the reported income tax probe which has been covered by some media houses.
Points to note:
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Parle Industries has no connection to the manufacturing of Parle-G biscuits
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The company is not a target of any income tax inquiry
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This clarification was aimed at clearing the air and shielding the company from defamatory claims
The announcement highlights the difference between Parle Industries Ltd and other firms adopting the "Parle" brand name. The action is sure to help avoid any adverse effect on Parle Industries' stock price or business relations because of misconceptions relating to its operations and legal status.
Sources: Parle Industries Ltd regulatory filing to BSE, Economic Times, March 13, 2025