EGM on July 27 for issue of 22 lakh convertible warrants at Rs 30 each

Milkfood Ltd will hold an EGM on July 27, 2026 at 9 AM at its registered office in Bahadurgarh, Punjab to seek shareholder approval for issuing up to 22 lakh convertible warrants at Rs 30 each, aiming to raise about Rs 6.60 crore for working capital. Warrants will be allotted to Managing Director Sudhir Avasthi and President Deepankar Barat, 11 lakh each under the non-promoter category. Each warrant converts to one equity share of Rs 5 face value within 18 months. Promoter holding drops from 53.37 percent to 49.14 percent on full conversion. Price was determined by an independent registered valuer.