Parag Milk Foods: ESOP Trust Share Issuance Update

Parag Milk Foods Ltd issued a corrigendum to its May 7, 2026, board meeting outcome. The update concerns Item No. 5, related to the approval for issuing shares to the ESOP Trust. The phrase "Delegation of power to Finance Committee of the Board of Directors for" was inadvertently omitted. The corrected item states the Finance Committee will allot 10,00,000 equity shares (₹10 face value each) to the Parag Milk Foods Employees Stock Option Trust under the ESOP Scheme 2022. Post-allotment, the issued and paid-up equity share capital will increase to ₹126,10,95,540, divided into 12,61,09,554 fully paid-up equity shares of ₹10 each.