Regulatory8 May 2026, 07:11 pm
Parag Milk Foods: No Deviation in Fund Utilisation
AI Summary
Parag Milk Foods Limited reported no deviation or variation in the utilisation of proceeds from Convertible Share Warrants for the quarter ended March 31, 2026. The funds raised on May 23, 2025, amounting to ₹40.30 Crore, were allocated towards debt reduction, working capital, capital expenditure, and general corporate purposes. The report, reviewed by the Audit Committee and Board of Directors, confirms adherence to the objects stated in the EGM notice dated April 3, 2025.
Key Highlights
- No deviation in fund utilization reported for Q4 2026.
- ₹40.30 Crore raised via Convertible Share Warrants.
- Funds allocated to debt reduction, working capital, and capital expenditure.
- Audit Committee and Board of Directors reviewed the report.
Price Impact
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