Parag Milk Foods Limited has informed the Exchange about Agreements
PARAGMILK · price
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Awaiting price reaction for this filing.
Parag Milk Foods has completed the sale of its Sonipat manufacturing unit, located in the Food Park at HSIIDC Industrial Estate, Rai, Haryana, with the sale deed registered on May 7, 2025. The buyer is Rajat & Company Commodities Private Limited, and the deal value is Rs. 17.11 crore. The company has stated that the purpose of the sale is monetization of assets, and this is not a related-party transaction. The filing clarifies that the sale does not constitute substantially the whole of the company's undertaking under Section 180(1)(a) of the Companies Act, 2013. This follows in-principle Board approval for the disposal communicated to the exchange on November 11, 2024.
The Rs. 17.11 crore asset sale will bring in cash for the company but represents a relatively small transaction relative to the overall business, so the financial impact on shareholders is likely modest. Investors should watch for how the proceeds are used—whether for debt reduction, capacity expansion elsewhere, or shareholder returns.