Parag Milk Foods Limited has informed the Exchange about statement of deviation(s) or variation(s) under Reg. 32
PARAGMILK · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Parag Milk Foods has confirmed to the stock exchanges that there is no deviation or variation in the use of funds raised through Convertible Share Warrants during the quarter ended June 30, 2025. The company had raised INR 40.30 Crore on May 23, 2025, for four stated purposes: debt reduction (INR 17.50 Cr), working capital (INR 7.80 Cr), capital expenditure on plant & machinery (INR 5.00 Cr), and general corporate purposes (INR 10.00 Cr). Out of the total, INR 35.00 Crore has already been utilised as per the original objects, while the capital expenditure portion remains unutilised so far. India Ratings & Research is acting as the monitoring agency, and the Audit Committee and auditors have raised no comments on the usage.
This is a routine compliance filing confirming disciplined use of warrant proceeds in line with what was promised to shareholders, which is a neutral-to-slightly-positive signal for investor confidence. The unutilised INR 5 Crore earmarked for capital expenditure is small and may be deployed in the coming quarters without raising concern.