Regulatory7 Aug 2026, 07:12 pm
Parag Milk Foods: No Deviation in Fund Utilization for Q2 FY27
AI Summary
Parag Milk Foods Limited has filed a statement confirming no deviation or variation in the utilization of proceeds from its convertible share warrants for the quarter ended June 30, 2026. The funds, raised on May 23, 2025, amounting to ₹40.30 Crore, were utilized as per the objects stated in the EGM notice. The utilization included ₹17.50 Crore for debt reduction, ₹7.80 Crore for working capital, ₹5.00 Crore for capital expenditure, and ₹10.00 Crore for general corporate purposes. The statement has been reviewed by the Audit Committee and the Board of Directors.
Key Highlights
- No deviation reported in fund utilization for Q2 FY27.
- ₹40.30 Crore raised via convertible warrants in May 2025.
- Funds allocated to debt reduction, working capital, capex, and general corporate purposes.
- Statement reviewed by Audit Committee and Board of Directors.
Price Impact
More from PARAGMILK