Parin Enterprises Limited to Migrate from SME Platform to NSE Main Board
Parin Enterprises Limited (Formerly known as Parin Furniture Limited) announced that its Board of Directors held a meeting on Tuesday, April 21, 2026. During the meeting, the board approved a significant proposal for the migration of the company's equity shares from the NSE SME Platform to the main board of the National Stock Exchange (NSE).The board confirmed the approval of the draft Postal Ballot Notice and the associated Explanatory Statement. The proposed migration of the Company's Equity Shares to the NSE Main Board is subject to the requisite approval of the shareholders and other necessary regulatory clearances.
Key Operational Approvals
The Board of Directors also executed other material approvals during the session:- Migration Proposal: The company approved the proposal to move its listing from the SME Platform to the Main Board of NSE.
- Scrutinizer Appointment: Mr. Vipin Chhawchhriya, Proprietor of M/s. VC & Associates, Practicing Company Secretary, was appointed as the Scrutinizer to ensure the postal ballot process is conducted in a fair and transparent manner.
Postal Ballot and E-Voting Schedule
To seek member approval for the migration, the company will conduct a Postal Ballot via a remote electronic voting process. The remote e-voting facility will be available during a specific period:| Event | Start Date & Time | End Date & Time |
|---|---|---|
| Remote E-Voting Period | 9:00 a.m. IST on April 25, 2026 | 5:00 p.m. IST on May 24, 2026 |
The Company also informed that the results of the Postal Ballot will be announced within two working days from the conclusion of the voting process and will be displayed on the company’s website and the KFintech website.
Background and Company Details
The proposal for migration was supported by an Explanatory Statement, which noted that the Company has an established track record of compliance and performance on the SME Platform, making it eligible for migration to the Main Board. The board recommended the resolution for shareholder approval, anticipating that the shift would enhance the company's visibility, credibility, and market presence.The Company's registered office and factory address are located at Plot No. 1,2 & 3, RS No. 33, 8-B National Highway, Village-Bilayala, Taluka-Gondal-360311, District Rajkot, Gujarat. The Corporate Identification Number (CIN) is L31000GJ2006PLC049074.
PARIN Stock Price Movement
Shares of Parin Enterprises Limited are slipping by 2.25% in live trading, currently at ₹621 as of 2:33 PM. The stock is trading on a volume of 23,500 shares, continuing to move down from its open of ₹625.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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