Parag Milk Foods to merge wholly-owned subsidiary

Parag Milk Foods Limited announced a significant corporate restructuring following its Board Meeting on November 3, 2026. The company has approved a Scheme of Amalgamation to merge its wholly-owned subsidiary, Bhagyalaxmi Dairy Farms Private Limited, with itself. This merger is subject to the sanction of the National Company Law Tribunal (NCLT) and other necessary regulatory and shareholder approvals. In addition to the merger, the Board also approved the unaudited standalone and consolidated financial results for the quarter and half-year ended September 30, 2026. The financial results showed revenue from operations of ₹1,215.42 Crores for the quarter and ₹2,135.89 Crores for the half-year ended September 30, 2026.