Feels very inconsistent with this wording. Not sure if it's intended, but if it's supposed to be not parryable, then the wording needs to be changed. But if its considered a Light Melee attack, you should also be able to parry it.
I think the term light punch refers to items that trigger on that effort. The action is not a "heavy" or "light" punch which I believe are the only two parry'able actions.