Parag Milk Foods: No Deviation in Fund Utilization for Preferential Issue

Parag Milk Foods Ltd has submitted its Monitoring Agency Report for the quarter ended June 30, 2026, prepared by India Ratings & Research Private Limited. The report confirms no deviation from the objects for the utilization of funds raised through a preferential issue of convertible share warrants on May 23, 2025. The issue size was ₹161.19 Crores, with 90,00,000 warrants issued at ₹179.10 each. As of June 30, 2026, the company had received ₹40.30 Crores against the total issue size. The report is based on management undertakings and a certificate from statutory auditors Sharp & Tannan.