Parag Milk Foods Ltd

Dematerialisation/rematerialisation status

• No dematerialisation/rematerialisation requests were received during the period.
• No reports were required to be furnished to stock exchanges due to absence of requests.

AGM Details

• Date and time: 29 Sep 2026, 16:30 IST; mode: VC/OAVM.
• AGM concluded at 18:51 IST.
• Held without physical attendance per MCA/SEBI circulars; electronic dividend payments mandated.

Resolutions

• Adoption of audited standalone and consolidated financial statements for FY ended 31 Mar 2026. Ordinary Resolution.
• Dividend of 11% (₹1.10 per share) approved for FY ended 31 Mar 2026. Ordinary Resolution.
• Re-appointment of Devendra Shah as director liable to retire by rotation. Ordinary Resolution.
• Ratification of remuneration to Cost Auditors for FY 2026-27. Ordinary Resolution.
• Approval of remuneration for Poojan Shah (GM - Business Operations) appointed to office of profit. Ordinary Resolution.
• Approval of remuneration for Stavan Shah (GM - International & Ingredient) appointed to office of profit. Ordinary Resolution.

Dividend

• Dividend of 11% (₹1.10 per share) approved for FY ended March 31, 2026.

Voting/Results

• Combined voting results to be disseminated to exchanges and company website.

Transaction details

• Target Company: Parag Milk Foods Limited.
• Disclosing Party: SSIO-III with PACs Nikhil Vora and IYA Ventures; not promoters.
• Transaction Type: Disposal of equity shares.
• Pre-Transaction Holding: 63,30,358 shares (5.06%).
• Transaction Details: 29,54,115 shares sold; open market; 2.35% of total share/voting capital.
• Post-Transaction Holding: 33,76,243 shares (2.69%).
• Date(s) of Transaction: Nov 19, 2025 to Sep 23, 2026.
• Share Capital Context: Before INR 1,25,10,95,540; After INR 1,25,60,95,540; Diluted INR 1,34,68,85,390.

Parag Milk Foods Limited – Trading Window Closure from Oct 1, 2026 till 48 hours after the declaration of Unaudited Financial Results for the quarter and half year ending September 30, 2026, as may be approved at the concerned Board Meeting.

Meeting Details

• Date: September 28, 2026; Time: not disclosed.
• Event: Arihant Conference; Meeting type: group; Mode: virtual.
• Location: Mumbai (virtual meeting).
• Key participants: not specified.
• Purpose: general investor interaction.

Paneer capacity expansion

• Parag plans to add 60 MT/day capacity, raising total to 80 MT/day.
• Investment of ₹100 crore to be funded via internal accruals, borrowings, or lease.
• Expansion to be commissioned by June 2027 at Manchar (Maharashtra) and Palamaner (Andhra Pradesh).
• Existing capacity is 20 MT/day, with near-full utilisation.
• Paneer variants will include regular and high-protein, with pan-India distribution.

Appointment

• Parag Milk Foods appoints Phalgun Trivedi as Chief - R&D, Quality Control and Food Safety Officer.
• Phalgun Trivedi has over three decades in global food, beverage, and dairy sectors.
• He will lead R&D, quality systems, food safety, and drive quality excellence across brands.
• Appointment supports expanding into nutrition categories and strengthening consumer trust.
• Announcement dated September 18, 2026.

Brand identity refresh

• Unveils refreshed Pride of Cows brand identity to emphasize aspirational lifestyle positioning.
• Brand refresh introduces a younger, dynamic expression; shifts focus from product-led to lifestyle storytelling.
• Egret visual motif foregrounds the farm ecosystem and single-origin storytelling.
• Developed with Pollinate; creative scope spans typography, illustration, motion, and sonic identity.
• Key contributors named: Marta Cerdà Alimbau (typography), Daria Lada (illustration), Emanuele Colombo (motion), Naren Chandavarkar (sonic).
• Foundation remains: one farm, one herd, one origin; no change to single-origin proposition.
• Announcement date: September 17, 2026; no financial metrics disclosed; no governance changes reported.

New product launch: Avvatar Popped Chips

• Parag Milk Foods launches Avvatar Popped Chips, expanding its nutrition portfolio into snacking.
• Each 30g pack contains 10g of protein and is priced at INR 60.
• The chips are non-fried with no added sugar, no palm oil, and no preservatives.
• Available via Avvatar website, Quick Commerce, vending machines, and General/Modern Trade.
• The launch supports the strategy to extend protein across formats and everyday consumption.
• Disclosure notes the product launch does not meet materiality criteria under SEBI rules.

Parag Milk Foods AGM update

• 34th AGM scheduled for 29 September 2026 via VC/OAVM.
• Notice and Integrated Annual Report sent to registered emails; available on company and stock exchanges.
• Remote e-voting period from 26 Sep 2026, 09:00 IST to 28 Sep 2026, 17:00 IST.
• Record date for dividend entitlement fixed at 22 September 2026.
• Dividend, if approved, to be paid within 30 days of AGM.