Parag Milk Foods Limited — Board Meeting, 03-04-2025: Outcome of Board Meeting

The Board has announced a board meeting to convene an extraordinary general meeting on May 3, 2025, via video conferencing. The purpose is to seek shareholder approval for raising funds of ₹161 Cr through a preferential issue of 90,00,000 convertible warrants, priced at ₹179.10 each. This move is aimed at optimizing debt and addressing working capital requirements. Further details on the prospective allotment have been outlined, with the meeting beginning at 9:15 A.M. and concluding at 10:12 A.M.