Parag Milk Foods Limited — Others, 19-06-2025: Shareholders meeting

Parag Milk Foods has announced a postal ballot process via remote e-voting for shareholder approval on key board appointments and re-appointments. The company seeks approval to appoint Ms. Namrata Garud, Mr. Milind Patil, and Mr. Amitabha Mukhopadhyay as Independent Directors for five-year terms. It also proposes re-appointing Mr. Devendra Shah as Executive Chairman, Mr. Pritam Shah as Managing Director, and Ms. Akshali Shah as Executive Director, each for five years with updated remuneration terms reflecting a maximum annual cap of Rs. 7 Cr plus commission. These leadership updates align with the company’s strategic vision in expanding its dairy FMCG and nutrition-focused businesses, backed by over 30 years of industry experience among the executive team. Voting will be conducted electronically, emphasizing shareholder participation in governance.