Parag Milk Foods Limited — Board Meeting, 11-11-2024: Outcome of Board Meeting

The Board has approved the unaudited financial results for the quarter and half-year ended September 30, 2024, reporting a revenue of ₹1,599.90 crore and a profit before tax of ₹60.29 crore. Additionally, the Board has sanctioned the purchase of land, building, and assets from Western Hill Foods Limited for ₹20 crore to enhance operations. In-principle approval has also been granted to dispose of the Sonipat Plant, pending necessary regulatory approvals. These moves reflect a strategic focus on strengthening operational capabilities and optimizing asset utilization.