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Milkfood Limited's board has approved raising INR 6.60 Crore through a preferential issue of up to 22 Lakhs convertible warrants. These warrants, priced at Rs. 30 each (including a Rs. 25 premium), will be allotted to Non-Promoter/Public Category investors, specifically Managing Director Mr. Sudhir Avasthi and President Mr. Deepankar Barat. Each warrant converts into one equity share within 18 months. This move aims to inject capital into the company. The board also approved convening an Extra-Ordinary General Meeting on July 27, 2026, to seek shareholder approval for this fundraise.