Parag Milk Foods Limited the Exchange regarding request received under regulation 31A of SEBI (LODR) Regulations, 2015
PARAGMILK · price
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Parag Milk Foods Limited received a letter dated May 3, 2026 from Vitalia Tradeglob Private Limited, a member of the promoter group, requesting re-classification from the 'promoter group' category to the 'public' category. Importantly, as of May 4, 2026, Vitalia Tradeglob holds Nil (zero) shares in the company. The request is made under Regulation 31A of SEBI LODR Regulations and is subject to approval by the Board of Directors and no-objection from the Stock Exchanges.
Since Vitalia Tradeglob holds zero shares, this re-classification request has no immediate impact on shareholding structure or stock price. It is essentially an administrative cleanup of promoter group status for an entity with no equity stake.