Parag Milk Foods Limited — Others, 21-07-2025: Statement of deviation(s) or variation(s) under Reg. 32

Parag Milk Foods Limited confirmed no deviation in the utilization of funds raised from Convertible Share Warrants for the quarter ended June 30, 2025. The company raised INR 40.30 Crore. Of this, 17.50 Cr was used for debt reduction, 7.80 Cr for working capital needs, and 9.70 Cr for general corporate purposes. While 5.00 Cr was allocated for capital expenditure, it was not utilized this quarter. The Audit Committee and Board reviewed the fund usage, confirming it aligns with the stated objects, reinforcing financial transparency for shareholders.