Parag Milk Foods Expands Cheese Capacity, Appoints New CFO

Parag Milk Foods Limited announced a significant expansion of its cheese manufacturing capacity, doubling it from 60 MT/day to 120 MT/day through a brownfield project. This expansion involves an investment of approximately ₹105 Crore and is expected to be completed by FY28. The company also appointed Mr. Rakesh Kothari as the new Chief Financial Officer (CFO) & Key Managerial Personnel (KMP), effective August 7, 2026. Mr. Pritam Shah will be relieved of his interim CFO duties but will continue as Managing Director. The board also approved the unaudited standalone and consolidated financial results for the quarter ended June 30, 2026.