Parag Milk Foods Limited — Updates, 03-04-2025: Press Release

Parag Milk Foods Ltd. has announced the Board's approval for a preferential issuance of convertible warrants amounting to ₹161 crore, pending shareholder approval. This initiative aims to optimize the company's debt, bolster working capital, and support capital expenditure. The plan includes issuing 90,00,000 convertible warrants at an issue price of ₹179.10 each. Notable stakeholders participating in this funding include Mr. Utpal Sheth, who brings significant experience in capital markets, and the company's Chief Strategy Officer, Mr. Ankit Jain, who will receive 2 lakh warrants, signifying strong internal confidence in the company’s future growth.

The infusion of capital enhances Parag Milk Foods' operational efficiency and positions the company to drive innovation and reinforce its market leadership in the dairy sector. Chairman Mr. Devendra Shah emphasized that this strategic investment marks a vital milestone in their growth journey, focused on delivering high-quality products and expanding globally, thereby creating long-term value for stakeholders.