Parag Milk Foods Limited has informed the Exchange about statement of deviation(s) or variation(s) under Reg. 32

Parag Milk Foods Limited has filed a statement confirming no deviation or variation in the utilisation of proceeds from the issuance of Convertible Share Warrants. The company raised INR 40.30 crore through a preferential issue on May 23, 2025. As of March 31, 2026, INR 40.00 crore has been utilised across four purposes: debt reduction (INR 17.50 crore), working capital (INR 7.80 crore), capital expenditure (INR 5.00 crore), and general corporate purposes (INR 9.70 crore out of INR 10.00 crore allocated). India Ratings & Research Private Limited acted as the monitoring agency. The Audit Committee and Board of Directors have reviewed and confirmed no deviations from the stated objects.