Parag Milk Foods Limited has informed the Exchange about Corrigendum to the Outcome of Board Meeting held on May 7, 2026
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Parag Milk Foods has issued a corrigendum to correct its earlier board meeting outcome from May 7, 2026. The correction adds a missing phrase regarding delegation of powers to the Finance Committee for issuing shares. Specifically, the Finance Committee has been delegated authority to allot 10,00,000 equity shares (face value Rs. 10 each) to the company's ESOP Trust under the 'Parag Milk Foods Limited - Employee Stock Option Scheme 2022'. These shares will rank equally with existing equity shares. Following the allotment, the company's paid-up share capital will increase to Rs. 126.11 crore divided into 12,61,09,554 shares. The rest of the original filing remains unchanged.
Minor dilution of equity by 1 million shares (about 0.8% of expanded capital) as these shares are being allocated to the ESOP Trust for employee stock options. This is a routine corporate action and primarily represents an administrative correction rather than a significant shareholder event.