Parag Milk Foods Ltd

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.

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.

Parag Milk Foods Ltd. announced the appointment of Mr. Rakesh Kothari as Chief Financial Officer (CFO) and Key Managerial Personnel (KMP), effective August 7, 2026. This follows a Board Meeting held on August 6, 2026. The company also approved a significant expansion of its cheese manufacturing capacity by 60 MT/day, increasing it to 120 MT/day with an investment of approximately ₹105 Crore. This expansion is planned as a brownfield project and is expected to be completed by FY2027-28. Mr. Pritam Shah will be relieved of his interim CFO duties but will continue as Managing Director.

Parag Milk Foods Ltd. announced its Board of Directors has approved a brownfield expansion to double its cheese manufacturing capacity from 60 MT/day to 120 MT/day. This strategic move, with an estimated capital expenditure of ₹105 Cr, aims to cater to growing demand for cheese and whey protein. The expansion is expected to be completed by FY28. Additionally, Rakesh Kothari has been appointed as the new Chief Financial Officer & Key Managerial Personnel, effective August 7, 2026. The company also disclosed its unaudited standalone and consolidated financial results for the quarter ended June 30, 2026.

Parag Milk Foods Limited announced a significant expansion of its cheese manufacturing capacity, doubling it from 60 MT/day to 120 MT/day through a brownfield project. This expansion involves an investment of approximately ₹105 Crore and is expected to be completed by FY28. The company also appointed Mr. Rakesh Kothari as the new Chief Financial Officer (CFO) & Key Managerial Personnel (KMP), effective August 7, 2026. Mr. Pritam Shah will be relieved of his interim CFO duties but will continue as Managing Director. The board also approved the unaudited standalone and consolidated financial results for the quarter ended June 30, 2026.

Parag Milk Foods Ltd has announced that its Board of Directors will convene on August 6, 2026. The primary agenda item is to consider and approve the unaudited standalone and consolidated financial results for the quarter ended June 30, 2026. Concurrently, the company has confirmed the closure of its trading window from July 1, 2026, until August 10, 2026, in compliance with SEBI regulations regarding insider trading.

Parag Milk Foods Limited has received no-objection from BSE and NSE for the re-classification of M/s. Vitalia Tradeglob Private Limited from the 'Promoter Group' to the 'Public' category. This change, effective from the September 30, 2026 quarter, will be reflected in future shareholding patterns. Notably, Vitalia Tradeglob holds NIL shareholding, so this re-classification will not alter the aggregate shareholding of the Promoter Group.

Parag Milk Foods Limited has announced the closure of its trading window for designated persons and their immediate relatives, effective July 1, 2026. This closure is in compliance with SEBI (Prohibition of Insider Trading) Regulations, 2015, and the company's internal policy. The window will remain shut until 48 hours after the declaration of the unaudited financial results for the quarter ending June 30, 2026. The specific date for the board meeting to approve these results will be communicated separately. This measure is standard practice to prevent potential insider trading during sensitive financial reporting periods.

Parag Milk Foods has communicated to its shareholders via email on June 11, 2026, regarding tax deductions on dividend payouts. The email explains the process for tax deduction at applicable rates and the documentation required for claiming tax exemptions. Shareholders must submit necessary documents by July 31, 2026, to ensure correct tax withholding. The company previously recommended a final dividend of ₹1.10 per share for FY26, subject to AGM approval. Shareholders are urged to update bank details and ensure PAN-Aadhaar linkage for accurate tax processing.

Parag Milk Foods Ltd issued a corrigendum to its May 7, 2026, board meeting outcome. The update concerns Item No. 5, related to the approval for issuing shares to the ESOP Trust. The phrase "Delegation of power to Finance Committee of the Board of Directors for" was inadvertently omitted. The corrected item states the Finance Committee will allot 10,00,000 equity shares (₹10 face value each) to the Parag Milk Foods Employees Stock Option Trust under the ESOP Scheme 2022. Post-allotment, the issued and paid-up equity share capital will increase to ₹126,10,95,540, divided into 12,61,09,554 fully paid-up equity shares of ₹10 each.