General Update : Corrigendum to the Outcome of Board Meeting held on May 7, 2026
PARAGMILK · price
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Parag Milk Foods Ltd has issued a corrigendum correcting an earlier board meeting outcome from May 7, 2026. The correction adds a missing prefix to Item No. 5, clarifying that the Finance Committee of the Board of Directors has been delegated the power to allot 10,00,000 (10 lakh) equity shares of Rs. 10 face value each to the Parag Milk Foods Employees Stock Option Trust under the ESOP 2022 scheme. As a result of this allotment, the company's issued and paid-up equity share capital will increase to Rs. 126,10,95,540 comprising 12,61,09,554 fully paid-up equity shares of Rs. 10 each. No other details from the original intimation have been changed.
The issuance of 10 lakh shares to the ESOP Trust will cause a minor dilution of approximately 0.79% to existing shareholders. The new share capital stands at Rs. 126.11 crore.