Milkfood Ltd Approves ₹6.6 Cr Preferential Issue of Warrants

Milkfood Ltd's Board of Directors has approved a preferential issue of up to 22,00,000 convertible warrants to non-promoter/public category investors, including key management personnel Mr. Sudhir Avasthi and Mr. Deepankar Barat. The issue aims to raise ₹6.60 Crore at an issue price of ₹30.00 per warrant, convertible into equity shares of face value ₹5.00 each. The approval is subject to shareholder and regulatory clearances. The company will convene an Extra-Ordinary General Meeting (EGM) on July 27, 2026, to seek shareholder consent for this fund-raising initiative. A cut-off date of June 26, 2026, has been set for determining shareholder eligibility for the EGM notice.