Parag Milk Foods Limited has submitted to Exchange the Voting Result on Postal Ballot along with Scrutinizer's report
PARAGMILK · price
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Parag Milk Foods Limited announced the results of its Postal Ballot conducted via remote e-voting from June 20 to July 19, 2025. All six special resolutions were passed with the required majority. Three new Independent Directors were appointed: Ms. Namrata Garud (99.98% in favour), Mr. Milind Patil (99.99% in favour), and Mr. Amitabha Mukhopadhyay (99.99% in favour). Three executive re-appointments were also approved: Mr. Devendra Shah as Executive Chairman (99.07% in favour), Mr. Pritam Shah as Managing Director (99.07% in favour), and Ms. Akshali Shah as Executive Director (99.07% in favour). Overall voting turnout was about 51.56% of outstanding shares, with promoters voting at 99.78% of their holdings. The scrutinizer, Mr. Bhaskar Upadhyay of M/s N. L. Bhatia & Associates, confirmed that all resolutions were duly passed.
This is a routine corporate governance update confirming board continuity and fresh independent oversight. The overwhelming approval (all above 99%) signals strong shareholder support and is unlikely to affect the stock price materially. Investors should note continuity in the promoter-led leadership with the Shah family executives retaining their roles.