StockWatch
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Dairy Products
Promoter Reclassification12 May 2026, 02:59 pm

Parag Milk Foods: Promoter Reclassification Application

AI Summary

Parag Milk Foods Ltd has applied to NSE and BSE on May 11, 2026, seeking approval for the reclassification of Vitalia Tradeglob Private Limited, a promoter group entity with NIL shareholding, from the ‘promoter group’ category to the ‘public’ category. This action is in accordance with Regulation 31A of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The initial request for reclassification was approved by the Board of Directors on May 7, 2026, subject to stock exchange approvals.

Key Highlights

  • Parag Milk Foods seeks to reclassify Vitalia Tradeglob from promoter to public category.
  • Vitalia Tradeglob currently holds NIL shareholding in the company.
  • Application submitted to NSE and BSE on May 11, 2026, for approval.
  • Reclassification is in accordance with SEBI LODR Regulations.
  • Board approved the reclassification request on May 7, 2026.