Milky Mist Dairy Food CEO, chairman and board of directors
NSE: MILKYMISTBSE: 544868Food Products
Share price at the NSE close on 29 Oct 2026. Previous close ₹299.15.
29 Oct: open ₹302.00, high ₹307.80, low ₹290.55
- Under NSE's long-term additional surveillance, stage IV, on the list for 29 Oct 2026. The exchange puts a share here when its price has moved unusually, and trading in it carries extra conditions.
- Delivery only: shares bought must be paid for in full, with no selling on the same day.
- Market capMarket capitalisation. Share price times the number of shares: what the whole company is worth at the day's price. Market capitalisation: how it is worked out
- ₹23,442 Cr
- P/EPrice to earnings, trailing. Market cap divided by the profit of the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly) that belongs to the company's own shareholders, after the share of the other owners of its subsidiaries: what investors pay for each rupee of a year's profit. Price to earnings, trailing: how it is worked out
- No full year
- P/BPrice to book. Market cap divided by the net worth that belongs to the company's own shareholders, its assets less everything it owes and less the other owners' share of its subsidiaries, on its latest balance sheet. Price to book: how it is worked out
- 9.89
- Dividend yieldDividend yield. Dividends paid per share in the twelve months to the day, as a percentage of the day's share price.
- Nonesince listing in Aug 2026
- Debt to equityDebt to equity. Borrowings divided by the whole group's net worth, the other owners of its subsidiaries included: rupees borrowed for each rupee of equity in the business. Lease liabilities are not counted: the results filings do not state them. From the balance sheet at the end of Sep 2026.
- 0.38
- Volume, NSEVolume. Shares traded on the last trading day. Volume in the glossary
- 6,59,032
Milky Mist Dairy Food's chairperson and managing director is Sathishkumar T and its chief executive K Rathnam, as filed for the quarter to Sep 2026.
Milky Mist Dairy Food board of directors
At the end of the quarter to Sep 2026, as the company filed it; changes since are in its announcements.Their trades in its shares
- Chairperson and managing directorSathishkumar TRelated to the promoter
- Chief executiveK Rathnam
- Company Secretary and Compliance OfficerS PRAKASH
6 directors3 independent3 executive
- Sathishkumar T · Chairperson and managing directorExecutive · joined Jul 2014 · reappointed Apr 2024 · 0 months as independent · 1 listed board
- Anitha SExecutive · joined Jul 2014 · reappointed Apr 2024 · 0 months as independent · 1 listed board
- K Rathnam · Chief executiveExecutive · joined Mar 2025 · 0 months as independent · 1 listed board · 2 committee seats
- Radha VenkatakrishnanIndependent · joined Mar 2025 · 18 months as independent · 1 listed board · 1 as independent · 2 committee seats, 1 as chair
- Mallika JanakiramanIndependent · joined Mar 2025 · 18 months as independent · 1 listed board · 1 as independent · 2 committee seats
- S V ArumugamIndependent · joined Jul 2026 · 2 months as independent · 2 listed boards · 1 as independent · 2 committee seats, 1 as chair
An independent director has no business or family tie to the company, its promoters or its managers beyond the seat. Listed boards counts the boards of listed companies the director sits on, this one included, and "as independent" how many of those seats are independent ones. Committee seats are audit and stakeholder committee seats across those companies. Months as independent is filed for independent directors only, whose terms the rules cap. Disqualified is the company's own mark that a director may not serve under company law.
1 director who left
- Subramaniam N, left 6 Jul 2026: Others
Committees and meetings
Who sits on each, and how often they met.Board meeting notices and outcomes
Board
- 31 Aug 20266 of 6 present3 independent · 16 days in between
- 14 Aug 20266 of 6 present3 independent · no day in between
- 13 Aug 20265 of 6 present2 independent · 7 days in between
- 5 Aug 20266 of 6 present3 independent · no day in between
7 earlier meetings
- 4 Aug 20266 of 6 present3 independent · 12 days in between
- 22 Jul 20266 of 6 present3 independent · 8 days in between
- 13 Jul 20266 of 6 present3 independent · 6 days in between
- 6 Jul 20265 of 6 present2 independent · 30 days in between
- 5 Jun 20260 of 6 present0 independent · 7 days in between
- 28 May 20260 of 6 present0 independent · 34 days in between
- 23 Apr 20260 of 6 present0 independent
Audit Committee
Chair S V Arumugam
Radha Venkatakrishnan, Mallika Janakiraman, K Rathnam
- 31 Aug 20264 of 4 present3 independent · 26 days in between
- 4 Aug 20264 of 4 present3 independent · 12 days in between
- 22 Jul 20264 of 4 present3 independent · 8 days in between
- 13 Jul 20264 of 4 present3 independent · 37 days in between
2 earlier meetings
- 5 Jun 20264 of 4 present3 independent · 7 days in between
- 28 May 20264 of 4 present3 independent
Nomination and remuneration committee
Chair Mallika Janakiraman
Radha Venkatakrishnan, S V Arumugam
- 31 Aug 20263 of 3 present3 independent · 55 days in between
- 6 Jul 20262 of 3 present2 independent
Stakeholders Relationship Committee
Chair Radha Venkatakrishnan
Mallika Janakiraman, K Rathnam
- 31 Aug 20263 of 3 present2 independent
Risk Management Committee
Chair Radha Venkatakrishnan
Sathishkumar T, K Rathnam
- 6 Jul 20263 of 3 present1 independent
Corporate Social Responsibility Committee
Chair Sathishkumar T
Anitha S, K Rathnam, Mallika Janakiraman
- 28 May 20264 of 4 present1 independent
Meetings in the quarter filed and the one before it. The days in between are as the company files them, neither meeting's day counted; the rules allow at most 120. A quorum is the least number of members who must attend for the meeting to decide anything.
Statutory auditor
Named in the results for the quarter to Sep 2026.
- VKS Aiyer & Co.,Peer-review certificate valid to Jul 2028
A statutory auditor checks the company's accounts and signs its results. Peer review is the accountants' institute's check of an audit firm's own work, which a listed company's auditor must hold a valid certificate of.
Fines and tax disputes
Reported in the filing for the quarter to Sep 2026.
- Fine or penaltyFood Safety Department, FSSAISince 17 Jul 2026
A fine of Rs. 20,000/- was levied on the Company, the FSSAI Nominee, and the Distributor.
Non-dislosure of allergen information under FSS (Labelling and Display) Regulations, 2020 - Fine or penaltyErode Food Safety Division, FSSAISince 16 Sep 2026
A fine of Rs. 50,000/- was levied on the Company and the FSSAI Nominee
Dairy Permeate Powder sample found not to conform to FSS (Food Product Standards & Food Additives) Regulations, 2011, in respect of some nutrients - Fine or penaltyErode Food Safety Division, FSSAISince 16 Sep 2026
A fine of Rs. 50,000/- was levied on the Company and the FSSAI Nominee
Dairy Permeate Powder sample found not to conform to FSS (Food Product Standards & Food Additives) Regulations, 2011, in respect of some nutrients - Tax disputeThe Additional Commissioner, Office of Commissioner of Goods and Service Tax and Central Excise, SalemSince 24 Feb 2024In the Interim Stay period granted by the Hon'ble High Court of Madras
At the filing before: During the Financial year 2023-24, the company has received a consolidated GST demand for an amount of ₹ 161.79 million (excluding penalty and interest) for the period July 2017 to March 2021. The company has disputed these demand and had filed a writ petition before the Madras High Court. A interim stay has been obtained on all further proceedings until the matter is heard.MoreLess
- Tax disputeThe Commissioner of GST and Central Excise, SalemSince 17 Sep 2026Provisional acknowledgement for the appeal filed before GSTAT was received and awaiting for further proceedings/ hearing+H14
At the filing before: a) During the Financial year 2024-25, the company has received a GST demand for an amount of ₹ 50.41 million (excluding penalty and interest). The demand related to short payment of GST due to wrong classification of goods, short payment of GST under RCM, irregular availment of input tax credit & non-reversal of ITC on exempted supplies for the period April 2021 to March 2022. Further the order in appeal has been passed for allowance of ₹ 6.36 million and appeal rejected for amount of ₹ 44.05 million. The company is in the process of filing appeal before GSTAT. b) During the Financial year 2025-26, the company has received a GST order for an amount ₹ 42.48 million for irregular availment of ITC during the period from April 2020 to March 2021 on exempted prouduct and irregular availment of ITC on freezer, refrigerator and cooler during the period April 2020 to March 2023. Further the order in appeal has been passed for allowance of ₹ 21.36 million and appeal rejected for amount of ₹ 21.12 million. The company is in the process of filing appeal before GSTAT.MoreLess
In the company's own words, from its latest governance filing.
Investor complaints and compliance
Quarter by quarter.
Investor complaints received and resolved, the company's own count
- Received
- Resolved
Open at the quarter's end
- The board is made up as the listing rules require
- Yes
- The board has a regular chairperson
- Yes
- The company has a risk management committee
- Yes
- The chair is related to the managing director
- Yes
- The filing has a part on fines and penalties
- Yes
- The filing has a part on tax disputes
- Yes
- There was a cyber security incident in the quarter
- No
The company's own answers in its filing.
How money raised was used
Reported for the quarter to Sep 2026.
| Raised | Amount raised | For | Set aside | Spent | Spent elsewhere |
|---|---|---|---|---|---|
| Public IssuesAug 2026, checked by Crisil Rating Limited | 1,428.00 | Repayment/ prepayment, in full or in part, of certain outstanding borrowings availed by our Company | 496.86 | 485.13 | No |
| Public IssuesAug 2026, checked by Crisil Rating Limited | 1,428.00 | Financing the capital expenditure requirements in relation to the expansion and modernisation of our Perundurai Manufacturing Facility | 469.24 | 31.40 | No |
| Public IssuesAug 2026, checked by Crisil Rating Limited | 1,428.00 | Deployment of visi coolers, ice cream freezers and chocolate coolers | 155.31 | 0.00 | No |
| Public IssuesAug 2026, checked by Crisil Rating Limited | 1,428.00 | General corporate purposes | 206.62 | 72.56 | No |
| Public IssuesAug 2026, checked by Crisil Rating Limited | 1,428.00 | Issue Expenses | 99.97 | 0.00 | No |