Parag Milk Foods Limited — QIP/Rights/Pref., 23-05-2025: Allotment of Securities

Parag Milk Foods allotted 90 lakh convertible share warrants at ₹179.10 each to promoters and non-promoters. Promoters Devendra Shah and Pritam Shah received 30 lakh warrants each, raising ₹26.86 Cr. Non-promoters, including Mr. Utpal Sheth and Trishakti Power Holdings, got the remaining warrants, with an employee allotted 2 lakh. This fund infusion boosts the company’s cash position without immediate equity dilution, as warrants will convert into shares later.