Parag Milk Foods Ltd

Parag Milk Foods Limited held its 34th Annual General Meeting (AGM) on September 29, 2026, via Video Conference. The company announced that all resolutions presented at the AGM, including the adoption of audited financial statements for FY26 and the declaration of an 11% dividend (₹1.10 per equity share), were duly approved by the shareholders with the requisite majority. The voting results, consolidated from remote e-voting and e-voting during the AGM, were submitted along with the Scrutinizer's Report. The total number of shareholders on the record date was 89,956. Promoters and promoter group held 50,861,459 shares, while public institutions held 16,253,152 shares and public non-institutions held 58,494,943 shares.

Sixth Sense India Opportunities III (SSIO III) has sold an aggregate of 29,54,115 shares of Parag Milk Foods Ltd (PMFL) between November 19, 2025, and September 23, 2026, via secondary sale. This transaction triggered a 2% change in their shareholding. The sale was conducted through the open market. Prior to the sale, SSIO III and its PACs held 63,30,358 shares (5.06% of total capital). After the sale, their holding reduced to 33,76,243 shares (2.69% of total capital). The computed percentage change from the sale is 2.37%.

Parag Milk Foods Limited has announced the closure of its trading window for designated persons and their immediate relatives. This closure is in accordance with SEBI (Prohibition of Insider Trading) Regulations, 2015, and the company's internal policy. The window will be shut from October 1, 2026, until 48 hours after the declaration of the Unaudited Financial Results for the quarter and half-year ending September 30, 2026. The specific date for the Board Meeting to approve these results will be communicated separately.

Parag Milk Foods Limited announced plans to significantly expand its paneer manufacturing capacity by approximately 60 MT per day, bringing the total to 80 MT per day. This expansion, involving brownfield and greenfield initiatives at Manchar and Palamaner, will require an investment of approximately ₹100 crore and is expected to be commissioned by June 2027. The company aims to capitalize on the growing demand for branded and packaged paneer, particularly the high-protein variant, and strengthen its pan-India distribution network. Paneer is a flagship category for Parag Milk Foods, contributing significantly to its turnover and showing strong growth. This strategic move aligns with the company's focus on value-added products and innovation in a market projected for substantial growth.

Parag Milk Foods Limited has appointed Phalgun Trivedi as its new Chief – R&D, Quality Control and Food Safety Officer. Trivedi brings over three decades of global experience in the food, beverage, and dairy industries, having held leadership roles at major companies like Unilever, Coca-Cola, and Danone. His appointment is strategic as Parag Milk Foods expands its portfolio into new-age nutrition and protein categories, aiming to strengthen its quality systems, food safety practices, and drive overall quality excellence. Trivedi's expertise will be crucial in maintaining consumer trust and supporting the company's growth ambitions.

Parag Milk Foods Limited's premium dairy brand, Pride of Cows, has unveiled a new brand identity aimed at reclaiming its position as an aspirational lifestyle brand. The rebranding moves beyond a new logo to create a contemporary brand world focused on nourishment, wellbeing, nature, and intentional living. The new identity incorporates an egret, symbolizing the farm's ecosystem, and aims to resonate with consumers as a lifestyle choice rather than just a product. This strategic shift is designed to re-emphasize the brand's distinctive single-origin proposition and premium quality, adapting to evolving consumer preferences.

Parag Milk Foods Limited has expanded its nutrition portfolio into the snacking category with the launch of 'Avvatar Popped Protein Chips'. This move signifies the company's evolution from a dairy-led business to a broader nutrition-focused food company. The new product offers 10gms of protein per 30gms pack, is non-fried, and contains no added sugar, palm oil, or preservatives. Available in Magic Masala and Pudina flavors, the chips are priced at INR 60/- and are accessible through various channels including the Avvatar website, Quick Commerce, Vending Machines, and General/Modern Trade. This launch aims to make protein more accessible across different consumption occasions and formats, strengthening Avvatar's position in the new-age business segment.

Parag Milk Foods Limited has submitted its Business Responsibility and Sustainability Report (BRSR) for the Financial Year 2025-26 to the stock exchanges. This report, prepared in accordance with SEBI guidelines, details the company's performance on environmental, social, and governance (ESG) parameters. The filing covers general disclosures including corporate identity, registered and corporate addresses, contact information for investor relations, and reporting boundaries. It also outlines the company's business activities, which are 100% focused on dairy product manufacturing, serving consumers across India and internationally. The report specifies the number of operational locations and markets served, with exports contributing 2.17% to the total turnover.

Parag Milk Foods Limited has announced that the record date for determining shareholder eligibility for dividend payment and voting at the 34th Annual General Meeting (AGM) is set for Tuesday, September 22, 2026. This date will be used to ascertain entitlement for a potential dividend for the financial year ended March 31, 2026, if declared at the AGM. The dividend, if approved, is recommended at 11% or ₹1.10 per equity share. Payment is scheduled to commence on or after Tuesday, September 29, 2026, subject to applicable tax deductions.

Parag Milk Foods Limited has announced its 34th Annual General Meeting (AGM) scheduled for September 29, 2026, to be held via Video Conferencing. The company has also released its Integrated Annual Report for the Financial Year 2025-26. The report details the company's performance, strategy, and outlook, including forward-looking statements. The AGM will cover standard business, including the adoption of financial statements and dividend declarations. A cut-off date of September 22, 2026, has been set for determining voting eligibility and dividend entitlement. The report is available on the company's website and will be sent via email to registered members.