Parag Milk Foods Limited has informed the Exchange regarding Proceedings of Annual General Meeting held on September 29, 2025
PARAGMILK · price
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Parag Milk Foods held its 33rd AGM on September 29, 2025 via video conferencing, chaired by Mr. Devendra Shah and attended by all directors, the Interim CFO, COO, Chief Strategy Officer, and Company Secretary. Six ordinary resolutions were passed, including adoption of the FY25 audited standalone and consolidated financial statements and approval of a dividend of ₹1 per equity share (10%) for the financial year ended March 31, 2025. Ms. Akshali Shah was re-appointed as Director liable to retire by rotation, M/s Sharp & Tannan were re-appointed as Statutory Auditors, and remuneration to Cost Auditors for FY 2025-26 was ratified. Executive Director Ms. Akshali Shah presented updates on business highlights, quarterly revenue trends, revenue CAGR growth, new product launches, brand building, market positioning, and ESG initiatives. Remote e-voting ran from September 26 to September 28 via NSDL, and the combined voting results along with the scrutinizer's report are awaited.
The ₹1 per share dividend approval offers a modest income return for shareholders and signals stable cash generation. Routine re-appointments of directors and auditors maintain governance continuity, while the detailed business update suggests management transparency on operational and financial progress.