Parag Milk Foods Limited has informed the exchange regarding submission of application to stock exchanges under regulation 31A of SEBI (LODR) Regulations, 2015
PARAGMILK · price
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Parag Milk Foods has submitted an application to BSE and NSE for re-classification of Vitalia Tradeglob Private Limited from 'promoter group' to 'public' category. The Board had approved this request on May 7, 2026. Vitalia Tradeglob is part of the promoter group but holds NIL shareholding in the company. The re-classification is sought under Regulation 31A of SEBI LODR Regulations and is subject to approval from both stock exchanges. This appears to be a routine regulatory housekeeping exercise to clean up the promoter group list.
Minimal impact on shareholders as Vitalia Tradeglob holds no shares in the company. The re-classification is administrative in nature and does not affect the company's capital structure or promoter holding percentages.