Parag Milk Foods logo

Parag Milk Foods MD, chairman, board of directors and AGM

NSE: PARAGMILKBSE: 539889Food ProductsSmall Cap

Last close ₹241.80down ₹6.60 (2.66%)BSE ₹241.40

Share price at the NSE close on 23 Oct 2026. Previous close ₹248.40.

52-week range of traded prices to 23 Oct 2026
₹177.84Low, 30 Mar 2026₹376.95High, 13 Nov 2025
Market cap
₹3,037 Cr1,001st largest listed
P/E
23.5
P/B
2.4
Dividend yield
0.45%
ROE
11.4%
ROCE
10.8%
Debt to equity
0.43
Volume, NSE
16,38,23941.8% delivered

Parag Milk Foods board of directors

At the end of the quarter to Jun 2026, as the company filed it; changes since are in its announcements.Their trades in its shares

  • ChairpersonDevendra Prakash ShahRelated to the promoter
  • Managing directorPritam Prakash Shah
  • Company Secretary and Compliance OfficerVirendra Varma

8 directors4 independent3 executive1 non-executive

  • Devendra Prakash Shah · ChairpersonExecutive · joined Dec 1992 · reappointed Apr 2025 · 1 listed board · 1 committee seat
  • Pritam Prakash Shah · Managing directorExecutive · joined Dec 1992 · reappointed Apr 2025 · 1 listed board · 1 committee seat
  • Akshali Devendra ShahExecutive · joined Dec 2022 · reappointed Apr 2025 · 1 listed board · 2 committee seats
  • Dnyanesh Vishnu DarshaneIndependent · joined Dec 2022 · reappointed Dec 2022 · 42 months as independent · 1 listed board · 1 as independent · 2 committee seats, 1 as chair
  • Namrata GarudIndependent · joined May 2025 · reappointed May 2025 · 13 months as independent · 2 listed boards · 2 as independent
  • Milind Anil PatilIndependent · joined May 2025 · reappointed May 2025 · 13 months as independent · 2 listed boards · 2 as independent · 2 committee seats, 1 as chair
  • Amitabha MukhopadhyayIndependent · joined May 2025 · reappointed May 2025 · 13 months as independent · 7 listed boards · 5 as independent · 10 committee seats, 4 as chair
  • Nikhil Kishorechandra VoraNon-executive · joined Aug 2021 · 3 listed boards · 1 as independent · 1 committee seat

An independent director has no business or family tie to the company, its promoters or its managers beyond the seat. Listed boards counts the boards of listed companies the director sits on, this one included, and "as independent" how many of those seats are independent ones. Committee seats are audit and stakeholder committee seats across those companies. Months as independent is filed for independent directors only, whose terms the rules cap. Disqualified is the company's own mark that a director may not serve under company law.

3 directors who left
  • Nitin Ramchandra Dhavalikar, left 28 Jul 2025: Tenure Completion
  • Narendra Kumar Anand Ambwani, left 26 May 2025: Tenure Completion
  • Radhika Madhukar Dudhat, left 26 May 2025: Tenure Completion

Committees and meetings

Who sits on each, and how often they met.Board meeting notices and outcomes

  • Board

    • 7 May 20268 of 8 present4 independent · 91 days in between
    • 4 Feb 20267 of 8 present4 independent

  • Audit Committee

    Chair Amitabha Mukhopadhyay

    Akshali Devendra Shah, Milind Anil Patil, Dnyanesh Vishnu Darshane

    • 7 May 20264 of 4 present3 independent · 91 days in between
    • 4 Feb 20264 of 4 present3 independent

  • Nomination and remuneration committee

    Chair Dnyanesh Vishnu Darshane

    Devendra Prakash Shah, Amitabha Mukhopadhyay, Namrata Garud

    • 7 May 20265 of 5 present3 independent

  • Stakeholders Relationship Committee

    Chair Dnyanesh Vishnu Darshane

    Pritam Prakash Shah, Devendra Prakash Shah, Akshali Devendra Shah

    No meeting listed in the filing.

  • Risk Management Committee

    Chair Dnyanesh Vishnu Darshane

    Namrata Garud, Amitabha Mukhopadhyay, Pritam Prakash Shah, Akshali Devendra Shah

    • 7 May 20265 of 5 present3 independent

  • Corporate Social Responsibility Committee

    Chair Akshali Devendra Shah

    Namrata Garud, Devendra Prakash Shah, Dnyanesh Vishnu Darshane

    • 7 May 20264 of 4 present2 independent

  • Finance Committee

    Chair Devendra Prakash Shah

    Pritam Prakash Shah, Akshali Devendra Shah

    No meeting listed in the filing.

  • Management Committee

    Chair Akshali Devendra Shah

    Devendra Prakash Shah, Pritam Prakash Shah

    No meeting listed in the filing.

Meetings in the quarter filed and the one before it. The days in between are as the company files them, neither meeting's day counted; the rules allow at most 120. A quorum is the least number of members who must attend for the meeting to decide anything.

Statutory auditor

Named in the results for the quarter to Mar 2026.

  • Sharp & TannanPeer-review certificate valid to Mar 2027

A statutory auditor checks the company's accounts and signs its results. Peer review is the accountants' institute's check of an audit firm's own work, which a listed company's auditor must hold a valid certificate of.

Parag Milk Foods AGM and shareholder votes

Each resolution, how the votes went, and how institutions voted apart from the promoters. A postal ballot is a vote by post or online, held without a meeting.Parag Milk Foods dividend history

Annual general meeting, 29 Sep 2026

89,956 shareholders on the register on 22 Sep 2026; present: 6 promoters and 75 others; votes counted by Mr. Bhaskar Upadhyay / M/s. N. L. Bhatia & Associates.The company's voting result (opens in a new tab)

  1. Adoption of Audited Standalone and Consolidated Financial Statements of the Company, for the Financial Year ended March 31, 2026 together with the Reports of the Board of Directors and Auditors thereonMoreLess
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.01%

    Turnout: all 48.54% · promoters 99.78% · institutions 46.28% · other public 4.62%

  2. Declaration of Dividend at the rate of 11% i.e. Rs. 1.10/- per equity share for the financial year ended March 31, 2026.
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.03%

    Turnout: all 48.56% · promoters 99.78% · institutions 46.39% · other public 4.62%

  3. Re-appointment of Mr. Devendra Shah (DIN: 01127319), as a Director liable to retire by rotation.
    Ordinary
    99.79% for0.21% against

    Against: promoters 0.00% · institutions 1.67% · other public 0.03%

    Turnout: all 48.56% · promoters 99.78% · institutions 46.39% · other public 4.62%

  4. Ratification of Remuneration to Cost Auditors for FY 2026-27.
    Ordinary
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.18%

    Turnout: all 48.56% · promoters 99.78% · institutions 46.39% · other public 4.62%

  5. Approval for remuneration of Mr. Poojan Shah (General Manager - Business Operations) appointed to an office or place of profit
    OrdinaryPromoters have an interest in it
    97.81% for2.19% against

    Against: promoters 0.00% · institutions 9.66% · other public 0.02%

    Turnout: all 26.49% · promoters 45.27% · institutions 46.39% · other public 4.62%

  6. Approval for remuneration of Mr. Stavan Shah (General Manager - International & Ingredient Business) appointed to an office or place of profit
    OrdinaryPromoters have an interest in it
    98.08% for1.92% against

    Against: promoters 0.00% · institutions 9.66% · other public 0.02%

    Turnout: all 30.22% · promoters 54.51% · institutions 46.39% · other public 4.62%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Annual general meeting, 29 Sep 2025, 6 resolutions

90,045 shareholders on the register on 22 Sep 2025; present: 3 promoters and 66 others; votes counted by Mr. Bhaskar Upadhyay / M/s. N. L. Bhatia & Associates.The company's voting result (opens in a new tab)

  1. Adoption of Audited Standalone and Consolidated Financial Statements of the Company for the Financial Year ended March 31, 2025 together with the Reports of the Board of Directors and Auditors thereon
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.04%

    Turnout: all 50.46% · promoters 99.78% · institutions 37.20% · other public 4.38%

  2. Approval for dividend on equity shares at the rate of 10% i.e. Rs. 1/- per equity share for the financial year ended March 31, 2025
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.04%

    Turnout: all 50.49% · promoters 99.78% · institutions 37.38% · other public 4.38%

  3. Re-Appointment of Ms. Akshali Shah (DIN: 06575079), as a Director liable to retire by rotation
    Ordinary
    98.57% for1.43% against

    Against: promoters 0.00% · institutions 11.69% · other public 0.05%

    Turnout: all 50.49% · promoters 99.78% · institutions 37.38% · other public 4.38%

  4. Re-appointment of M/s. Sharp & Tannan (Firm Registration No. 109982W), Chartered Accountants as the Statutory Auditors of the Company and to fix their remuneration
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.04%

    Turnout: all 50.49% · promoters 99.78% · institutions 37.38% · other public 4.38%

  5. Ratification of Remuneration to Cost Auditors for FY 2025-26
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.09%

    Turnout: all 50.49% · promoters 99.78% · institutions 37.38% · other public 4.38%

  6. Appointment of M/s. N. L. Bhatia & Associates, Practising Company Secretaries (Firm Registration No. P1996MH055800) as Secretarial Auditor of the Company
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.04%

    Turnout: all 50.49% · promoters 99.78% · institutions 37.38% · other public 4.38%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Postal ballot, 19 Jul 2025, 6 resolutions

1,04,698 shareholders on the register on 13 Jun 2025; votes counted by Mr. Bhaskar Upadhyay / N. L. Bhatia & Associates.The company's voting result (opens in a new tab)

  1. Appointment of Ms. Namrata Garud (DIN: 10832812) as an Independent Director of the Company
    Special
    99.98% for0.02% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.49%

    Turnout: all 51.56% · promoters 99.78% · institutions 45.55% · other public 4.12%

  2. Appointment of Mr. Milind Patil (DIN: 02546815) as an Independent Director of the Company
    Special
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.29%

    Turnout: all 51.56% · promoters 99.78% · institutions 45.55% · other public 4.12%

  3. Appointment of Mr. Amitabha Mukhopadhyay (DIN: 01806781) as an Independent Director of the Company
    Special
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.28%

    Turnout: all 51.56% · promoters 99.78% · institutions 45.55% · other public 4.11%

  4. Re-Appointment of Mr. Devendra Shah (DIN: 01127319) as the Executive Chairman of the Company
    Special
    99.07% for0.93% against

    Against: promoters 0.00% · institutions 6.46% · other public 0.35%

    Turnout: all 51.56% · promoters 99.78% · institutions 45.55% · other public 4.12%

  5. Re-Appointment of Mr. Pritam Shah (DIN: 01127247) as the Managing Director of the Company
    Special
    99.07% for0.93% against

    Against: promoters 0.00% · institutions 6.46% · other public 0.29%

    Turnout: all 51.56% · promoters 99.78% · institutions 45.55% · other public 4.11%

  6. Re-Appointment of Ms. Akshali Shah (DIN: 06575079) as the Executive Director of the Company
    Special
    99.07% for0.93% against

    Against: promoters 0.00% · institutions 6.46% · other public 0.30%

    Turnout: all 51.56% · promoters 99.78% · institutions 45.55% · other public 4.11%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Extraordinary general meeting, 3 May 2025, 1 resolution

1,09,908 shareholders on the register on 26 Apr 2025; present: 4 promoters and 59 others; votes counted by Mr. Bhaskar Upadhyay / N. L. Bhatia & Associates.The company's voting result (opens in a new tab)

  1. APPROVAL FOR ISSUANCE OF CONVERTIBLE SHARE WARRANTS ON PREFERENTIAL BASIS
    SpecialPromoters have an interest in it
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.04%

    Turnout: all 51.30% · promoters 99.78% · institutions 47.51% · other public 3.53%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Annual general meeting, 11 Sep 2024, 4 resolutions

Present: 7 promoters and 68 others.The company's voting result (opens in a new tab)

  1. Adoption of Standalone & Consolidated Financial Statements for the financialnyear ended March 31, 2024
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.43%

    Turnout: all 43.06% · promoters 99.78% · institutions 2.60% · other public 0.24%

  2. Declaration of dividend on equity shares at the rate of 5% i.e. Rs. 0.50/- per nequity share for the financial year ended March 31, 2024
    OrdinaryPromoters have an interest in it
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.63%

    Turnout: all 43.07% · promoters 99.78% · institutions 2.67% · other public 0.24%

  3. Re-appointment of Mr. Nikhil Vora (DIN: 05014606) as a Director liable to nretire by rotation
    Ordinary
    99.95% for0.05% against

    Against: promoters 0.00% · institutions 0.00% · other public 23.59%

    Turnout: all 43.07% · promoters 99.78% · institutions 2.67% · other public 0.24%

  4. Ratification of Remuneration to Cost Auditors for FY 2024-25
    Ordinary
    99.95% for0.05% against

    Against: promoters 0.00% · institutions 0.00% · other public 24.44%

    Turnout: all 43.07% · promoters 99.78% · institutions 2.67% · other public 0.24%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Annual general meeting, 27 Sep 2023, 10 resolutions

Present: 9 promoters and 73 others.The company's voting result (opens in a new tab)

  1. Adoption of Standalone & Consolidated Financial Statements for the financial year ended March 31, 2023
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.21%

    Turnout: all 50.07% · promoters 99.80% · institutions 48.27% · other public 1.10%

  2. Re-appointment of Mr. Devendra Shah as a Director liable to retire by rotation
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.33%

    Turnout: all 50.07% · promoters 99.80% · institutions 48.32% · other public 1.10%

  3. Ratification of Remuneration of Cost Auditors for FY 2023-24
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.37%

    Turnout: all 50.07% · promoters 99.80% · institutions 48.32% · other public 1.10%

  4. Increase in Authorised Share Capital
    Ordinary
    99.97% for0.03% against

    Against: promoters 0.00% · institutions 0.17% · other public 0.35%

    Turnout: all 50.07% · promoters 99.80% · institutions 48.32% · other public 1.10%

  5. Payment of Commission to Independent Directors
    Special
    99.27% for0.73% against

    Against: promoters 0.00% · institutions 4.33% · other public 3.78%

    Turnout: all 50.07% · promoters 99.80% · institutions 48.32% · other public 1.10%

  6. Payment of Commission to Executive Directors
    Special
    99.27% for0.73% against

    Against: promoters 0.00% · institutions 4.33% · other public 3.64%

    Turnout: all 50.07% · promoters 99.80% · institutions 48.32% · other public 1.10%

  7. Revision in Remuneration of Ms. Akshali Shah - Executive Director
    Special
    99.97% for0.03% against

    Against: promoters 0.00% · institutions 0.00% · other public 2.94%

    Turnout: all 50.07% · promoters 99.80% · institutions 48.32% · other public 1.10%

  8. Approval for amendment in ¿Parag Milk Foods Limited¿ ¿ Employee Stock Option Scheme 2022n
    Special
    99.41% for0.59% against

    Against: promoters 0.00% · institutions 3.63% · other public 0.56%

    Turnout: all 50.07% · promoters 99.80% · institutions 48.32% · other public 1.10%

  9. Approval for increase in ESOP Pool of Parag Milk Foods Limited Employee Stock Option Plan 2022 and authorization to Nomination and Remuneration Committee to determine the Exercise Price on each grant to the Option GranteesMoreLess
    Special
    99.41% for0.59% against

    Against: promoters 0.00% · institutions 3.63% · other public 0.56%

    Turnout: all 50.07% · promoters 99.80% · institutions 48.32% · other public 1.10%

  10. Approval for grant of options to Employees of Subsidiary Company of the Company under Parag Milk Foods Limited Employee Stock Option Plan 2022
    Special
    99.41% for0.59% against

    Against: promoters 0.00% · institutions 3.63% · other public 0.58%

    Turnout: all 50.07% · promoters 99.80% · institutions 48.32% · other public 1.10%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Postal ballot, 25 Dec 2022, 2 resolutions

The company's voting result (opens in a new tab)

  1. Appointment of Mr. Dnyanesh Darshane (DIN: 08515431)as an Independent Director of the Company
    Special
    99.93% for0.07% against

    Against: promoters 0.00% · institutions 0.00% · other public 6.79%

    Turnout: all 36.70% · promoters 99.74% · institutions 0.94% · other public 0.95%

  2. Appointment of Ms. Akshali Shah (DIN: 06575079) as Executive Director of the Company
    Special
    99.81% for0.19% against

    Against: promoters 0.00% · institutions 0.00% · other public 9.21%

    Turnout: all 17.39% · promoters 46.39% · institutions 0.94% · other public 0.94%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Annual general meeting, 30 Sep 2022, 10 resolutions

Present: 1 promoter and 60 others.The company's voting result (opens in a new tab)

  1. To receive, consider and adopt the Audited Financial Statements (including the Audited Consolidated Financial Statements) of the Company for the financial year ended March 31, 2022, together with the Reports of the Board of Directors and the Auditors thereon.MoreLess
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.14%

    Turnout: all 34.20% · promoters 71.12% · institutions 0.00% · other public 1.03%

  2. Appointment of Mr. Nikhil Vora (DIN:05014606) as a Director liable to retire by rotation and being eligible, offers himself for re-appointment.
    Ordinary
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.44%

    Turnout: all 34.21% · promoters 71.12% · institutions 0.00% · other public 1.05%

  3. Ratification of Remuneration to Cost Auditors FY 2022-23.
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.32%

    Turnout: all 34.21% · promoters 71.12% · institutions 0.00% · other public 1.05%

  4. Re-Appointment of Mr. Devendra Shah (DIN: 01127319) as Whole-Time Director of the Company.
    Special
    99.27% for0.73% against

    Against: promoters 0.00% · institutions 0.00% · other public 48.15%

    Turnout: all 34.21% · promoters 71.12% · institutions 0.00% · other public 1.05%

  5. Re-Appointment of Mr. Pritam Shah (DIN: 01127247) as Managing Director of the Company.
    Special
    99.27% for0.73% against

    Against: promoters 0.00% · institutions 0.00% · other public 48.15%

    Turnout: all 34.21% · promoters 71.12% · institutions 0.00% · other public 1.05%

  6. Maintaining the Registers and Indexes of Members and copies of Annual Returns at place other than Registered Office of Company.
    Special
    99.98% for0.02% against

    Against: promoters 0.00% · institutions 0.00% · other public 1.34%

    Turnout: all 34.21% · promoters 71.12% · institutions 0.00% · other public 1.05%

  7. To approve Parag Milk Foods Limited (PMFL) - Employee Stock Option Scheme 2022 (ESOP 2022 / Parag ESOS 2022).
    Special
    99.98% for0.02% against

    Against: promoters 0.00% · institutions 0.00% · other public 1.60%

    Turnout: all 34.21% · promoters 71.12% · institutions 0.00% · other public 1.05%

  8. To approve grant of stock options to the employees of subsidiary company(ies) of the Company under ‘Parag Milk Foods Limited - Employee Stock Option Plan 2022.
    Special
    99.98% for0.02% against

    Against: promoters 0.00% · institutions 0.00% · other public 1.62%

    Turnout: all 34.21% · promoters 71.12% · institutions 0.00% · other public 1.05%

  9. To approve provision of money by the Company for subscription/acquisition of its own shares by the Trust under the ‘Parag Milk Foods Limited - Employee Stock Option Plan 2022.
    Special
    99.98% for0.02% against

    Against: promoters 0.00% · institutions 0.00% · other public 1.16%

    Turnout: all 34.21% · promoters 71.12% · institutions 0.00% · other public 1.05%

  10. To approve amendments in ‘Parag Milk Foods Limited – Employee Stock Option Scheme 2015 (ESOS 2015).
    Special
    99.98% for0.02% against

    Against: promoters 0.00% · institutions 0.00% · other public 1.21%

    Turnout: all 34.21% · promoters 71.12% · institutions 0.00% · other public 1.05%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

How mutual funds voted

Fund houses must disclose how they vote at every meeting of a company they hold.

Mutual fund votes, meeting of 29 Sep 2025, 1 fund house

Each resolution counts the houses whose vote was matched to it; the rest are listed last.

  • Adoption of Audited Standalone and Consolidated Financial Statements of the Company for the Financial Year ended March 31, 2025 together with the Reports of the Board of Directors and Auditors thereon
    1 for0 against
  • Approval for dividend on equity shares at the rate of 10% i.e. Rs. 1/- per equity share for the financial year ended March 31, 2025
    1 for0 against
  • Re-Appointment of Ms. Akshali Shah (DIN: 06575079), as a Director liable to retire by rotation
    1 for0 against
  • Re-appointment of M/s. Sharp & Tannan (Firm Registration No. 109982W), Chartered Accountants as the Statutory Auditors of the Company and to fix their remuneration
    1 for0 against
  • Appointment of M/s. N. L. Bhatia & Associates, Practising Company Secretaries (Firm Registration No. P1996MH055800) as Secretarial Auditor of the Company
    1 for0 against
1 proposal not matched to one resolution
  • Ratification of Remuneration of Rs. 1,50,000/- plus taxes as applicable and re-imbursement of out of pocket expenses incurred in connection with the performance of their duties, to be paid to M/s. Harshad S. Deshpande and Associates, Cost Accountants (Firm Registration No. 00378), who have been, pursuant to the recommendation of the Audit Committee, appointed by the Board of Directors as the Cost Auditors to conduct audit of cost records of the Company for the financial year ending March 31, 2026.MoreLess
    1 for0 against

Mutual fund votes, meeting of 11 Sep 2024, 1 fund house

  • Item 1, as a fund house numbered it
    1 for0 against
  • Item 2, as a fund house numbered it
    1 for0 against
  • Item 3, as a fund house numbered it
    1 for0 against
  • Item 4, as a fund house numbered it
    1 for0 against
1 earlier meeting

Mutual fund votes, meeting of 27 Sep 2023, 1 fund house

  • Adoption of Standalone & Consolidated Financial Statements for the financial year ended March 31, 2023
    1 for0 against
  • Re-appointment of Mr. Devendra Shah as a Director liable to retire by rotation
    1 for0 against
  • Ratification of Remuneration of Cost Auditors for FY 2023-24
    1 for0 against
  • Increase in Authorised Share Capital
    1 for0 against
  • Payment of Commission to Independent Directors
    1 for0 against
  • Payment of Commission to Executive Directors
    1 for0 against
  • Revision in Remuneration of Ms. Akshali Shah - Executive Director
    1 for0 against
  • Approval for amendment in ¿Parag Milk Foods Limited¿ ¿ Employee Stock Option Scheme 2022n
    1 for0 against
  • Approval for increase in ESOP Pool of Parag Milk Foods Limited Employee Stock Option Plan 2022 and authorization to Nomination and Remuneration Committee to determine the Exercise Price on each grant to the Option GranteesMoreLess
    1 for0 against
  • Approval for grant of options to Employees of Subsidiary Company of the Company under Parag Milk Foods Limited Employee Stock Option Plan 2022
    1 for0 against

Each fund house counted once, from its own disclosure; the reasons are its own words.

Fines

Reported in the filing for the quarter to Jun 2026.

  • Fine or penaltyAdjudicating Officer,FDA NagpurSince 16 Apr 2026

    Penalty of Rs. 0.40 Lakh was imposed by Adjudicating Officer,FDA Nagpur on the Company.

    Issues involved - Alleged non - adherence of Section 26(1), 26(2)(ii) and 27(2)(e) read with Section 3(1)(zx) of the Food Safety and Standards Act, 2006 read with Regulation 2.1.17 of the Food Safety and Standards (Food Products Standards and Food Additives) Regulations, 2011.MoreLess
  • Fine or penaltyLegal Metrology, Agra DivisionSince 21 Apr 2026

    A compounding fee of Rs 0.50 Lakh was determined by the Assistant Controller, Legal Metrology, Agra Division, Agra.

    Issues Involved - Non - adherence of Section 18(1) read with Section 49 of the Legal Metrology Act, 2009 and Rule 8 of the Legal Metrology (Packaged Commodities) Rules, 2011.
  • Fine or penaltyAdjudicating Officer / Additional District Magistrate (ADM), BhopalSince 22 Jun 2026

    Penalty of Rs. 0.20 Lakh was imposed by the Adjudicating Officer on the Company.

    Issues Involved - Alleged non - adherence of Section 26(2)(ii) read with Section 66 of the Food Safety and Standards Act, 2006.

In the company's own words, from its latest governance filing.

Investor complaints and compliance

Quarter by quarter.

Investor complaints received and resolved, the company's own count

  • Received
  • Resolved

Open at the quarter's end

At most 1 complaint open, quarter to Sep 2025.
The board is made up as the listing rules require
Yes
The board has a regular chairperson
Yes
The company has a risk management committee
Yes
The chair is related to the managing director
Yes
The filing has a part on fines and penalties
Yes
The filing has a part on tax disputes
No
There was a cyber security incident in the quarter
No

The company's own answers in its filing.

How money raised was used

Reported for the quarter to Jun 2026. A preferential issue sells new shares to chosen investors rather than to the public. A warrant or partly paid issue plans the whole issue while the money comes in over time, so the amount set aside can be more than raised so far.

RaisedAmount raisedForSet asideSpentSpent elsewhereReason and comments
Preferential IssuesMay 2025, checked by M/s. India Ratings & Research Pvt. Ltd40.30Debt Reduction - For repayment and/or reduction of debt including interest, in part or full, (without reducing / cancelling the credit lines)17.5017.50NoNot applicable since no deviation or variationAudit committee: Not applicable since no deviation or variationAuditors: Not applicable since no deviation or variation
Preferential IssuesMay 2025, checked by M/s. India Ratings & Research Pvt. Ltd40.30Working Capital - For usage towards the working capital needs as part of maintaining or running the operating activities of the Company7.807.80NoNot applicable since no deviation or variationAudit committee: Not applicable since no deviation or variationAuditors: Not applicable since no deviation or variation
Preferential IssuesMay 2025, checked by M/s. India Ratings & Research Pvt. Ltd40.30Capital Expenditure - For undertaking capital expenditure to acquire, upgrade and expand Plant & Machinery, equipments which are in the nature of capital expenditure5.005.00NoNot applicable since no deviation or variationAudit committee: Not applicable since no deviation or variationAuditors: Not applicable since no deviation or variation
Preferential IssuesMay 2025, checked by M/s. India Ratings & Research Pvt. Ltd40.30General Corporate Purposes - For utilizing towards general corporate purposes [Upto 25% (twenty five percent) of the Issue Proceeds]10.0010.00NoNot applicable since no deviation or variationAudit committee: Not applicable since no deviation or variationAuditors: Not applicable since no deviation or variation
₹ crore. Checked by is the agency appointed to monitor how the money is used. The reason and the comments are the company's, its audit committee's and its auditors' own words.