Milkfood Ltd to Raise ₹6.6 Cr via 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 individuals, 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 (including a premium of ₹25.00), convertible into equity shares of face value ₹5.00 each. This move is subject to shareholder approval and other regulatory clearances. The company has also scheduled an Extra-Ordinary General Meeting (EGM) for July 27, 2026, to seek shareholder consent for this fund-raising exercise. A cut-off date of June 26, 2026, has been set for determining shareholder eligibility for the EGM notice.