Modern Dairies Ltd — Important, 22-05-2026: Company Update

Modern Dairies reported on its fund utilization for the quarter ended March 31, 2026. The company raised 10.75 Cr via preferential issues and 8.625 Cr, followed by another 10.50 Cr, through warrant conversions to equity shares. These funds were intended to strengthen the capital base and support company operations. The statement confirmed there was no deviation or variation in the use of these funds from their stated objectives. This report, reviewed by the Audit Committee and Board, assures stakeholders of transparent and proper fund deployment.