Parag Milk Foods Limited has informed the Exchange regarding Change in Director(s) of the company.
PARAGMILK · price
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Parag Milk Foods has appointed two new Independent Directors on its board via circular resolution dated May 22, 2025. Mr. Milind Patil, a former CFO & Executive Director (India) at Pfizer who retired in 2024, joins with over 40 years of experience across Pfizer, Novartis, J&J, and Siemens. Mr. Amitabha Mukhopadhyay, a Chartered Accountant and ex-Group CFO of Tata AutoComp Systems and Thermax, also brings 35+ years of experience across the Tata Group and has served as MD & CEO of IFB Agro Industries. Both have been appointed as Additional Non-Executive Independent Directors for a 5-year term, subject to shareholder approval. Neither director has any inter-se relationship with existing board members.
The board is being strengthened with two highly experienced independent directors known for their finance, M&A, and corporate governance expertise. This is a routine governance move and is unlikely to move the stock price meaningfully, though it may be viewed positively by institutional investors focused on board quality.