Parag Milk Foods MD, chairman and AGM
NSE: PARAGMILKBSE: 539889Food ProductsSmall Cap
Share price at the NSE close on 29 Oct 2026. Previous close ₹239.20.
29 Oct: open ₹239.75, high ₹248.00, low ₹238.50
- Next results date: the board meets on 3 Nov 2026 to consider: financial results. The notice · Results calendar
- Market capMarket capitalisation. Share price times the number of shares: what the whole company is worth at the day's price. The rank is by average market value over the six months to Jun 2026, among listed companies. Market capitalisation: how it is worked out
- ₹3,077 Cr1,001st largest listed
- 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
- 23.76
- 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
- 2.44
- Dividend yieldDividend yield. Dividends paid per share in the twelve months to the day, as a percentage of the day's share price.
- 0.45%
- ROEReturn on equity. Profit over 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, as a percentage of their net worth, the money they have in the business. Net worth is the average of the latest balance sheet and the one a year before it.
- 11.4%
- ROCEReturn on capital employed. Operating profit after depreciation (revenue less operating expenses and depreciation, without other income and one-off items) as a percentage of all the money the business runs on: the whole group's net worth, the other owners of its subsidiaries included, plus borrowings. Lease liabilities are not counted: the results filings do not state them. The profit is over the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly); net worth and borrowings are on the latest balance sheet.
- 10.8%
- 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 Mar 2026.
- 0.43
- Volume, NSEVolume. Shares traded on the last trading day; delivery is the part buyers kept rather than sold again the same day. Volume in the glossary
- 7,14,58846.9% delivered
Parag Milk Foods' chairperson is Devendra Prakash Shah and its managing director Pritam Prakash Shah, as filed for the quarter to Sep 2026. Its latest annual general meeting was on 29 Sep 2026.
Parag Milk Foods 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
- ChairpersonDevendra Prakash ShahRelated to the promoter
- Managing directorPritam Prakash Shah
- Company Secretary and Compliance OfficerVirendra Varma
8 directors4 independent3 executive1 non-executive
- Devendra Prakash Shah · ChairpersonExecutive · joined Dec 1992 · reappointed Apr 2025 · 1 listed board · 1 committee seat
- Pritam Prakash Shah · Managing directorExecutive · joined Dec 1992 · reappointed Apr 2025 · 1 listed board · 1 committee seat
- Akshali Devendra ShahExecutive · joined Dec 2022 · reappointed Apr 2025 · 1 listed board · 2 committee seats
- Dnyanesh Vishnu DarshaneIndependent · joined Dec 2022 · reappointed Dec 2022 · 45 months as independent · 1 listed board · 1 as independent · 2 committee seats, 1 as chair
- Namrata GarudIndependent · joined May 2025 · reappointed May 2025 · 16 months as independent · 2 listed boards · 2 as independent
- Milind Anil PatilIndependent · joined May 2025 · reappointed May 2025 · 16 months as independent · 2 listed boards · 2 as independent · 2 committee seats, 1 as chair
- Amitabha MukhopadhyayIndependent · joined May 2025 · reappointed May 2025 · 16 months as independent · 6 listed boards · 4 as independent · 9 committee seats, 3 as chair
- Nikhil Kishorechandra VoraNon-executive · joined Aug 2021 · 3 listed boards · 1 as independent · 1 committee seat
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.
3 directors who left
- Nitin Ramchandra Dhavalikar, left 28 Jul 2025: Tenure Completion
- Narendra Kumar Anand Ambwani, left 26 May 2025: Tenure Completion
- Radhika Madhukar Dudhat, left 26 May 2025: Tenure Completion
Committees and meetings
Who sits on each, and how often they met.Board meeting notices and outcomes
Board
- 6 Aug 20268 of 8 present4 independent · 90 days in between
- 7 May 20268 of 8 present4 independent
Audit Committee
Chair Amitabha Mukhopadhyay
Akshali Devendra Shah, Milind Anil Patil, Dnyanesh Vishnu Darshane
- 6 Aug 20264 of 4 present3 independent · 90 days in between
- 7 May 20264 of 4 present3 independent
Nomination and remuneration committee
Chair Dnyanesh Vishnu Darshane
Devendra Prakash Shah, Amitabha Mukhopadhyay, Namrata Garud
- 6 Aug 20264 of 4 present3 independent · 90 days in between
- 7 May 20264 of 4 present3 independent
Stakeholders Relationship Committee
Chair Dnyanesh Vishnu Darshane
Pritam Prakash Shah, Devendra Prakash Shah, Akshali Devendra Shah
No meeting listed in the filing.
Risk Management Committee
Chair Dnyanesh Vishnu Darshane
Namrata Garud, Amitabha Mukhopadhyay, Pritam Prakash Shah, Akshali Devendra Shah
No meeting listed in the filing.
Corporate Social Responsibility Committee
Chair Akshali Devendra Shah
Namrata Garud, Devendra Prakash Shah, Dnyanesh Vishnu Darshane
No meeting listed in the filing.
Finance Committee
Chair Devendra Prakash Shah
Pritam Prakash Shah, Akshali Devendra Shah
No meeting listed in the filing.
Management Committee
Chair Akshali Devendra Shah
Devendra Prakash Shah, Pritam Prakash Shah
No meeting listed in the filing.
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 Mar 2026.
- Sharp & TannanPeer-review certificate valid to Mar 2027
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.
Parag Milk Foods AGM and shareholder votes
Each resolution, how the votes went, and how institutions voted apart from the promoters. A postal ballot is a vote by post or online, held without a meeting.Parag Milk Foods dividend history
Annual general meeting, 29 Sep 2026
89,956 shareholders on the register on 22 Sep 2026; present: 6 promoters and 75 others; votes counted by Mr. Bhaskar Upadhyay / M/s. N. L. Bhatia & Associates.The company's voting result
Adoption of Audited Standalone and Consolidated Financial Statements of the Company, for the Financial Year ended March 31, 2026 together with the Reports of the Board of Directors and Auditors thereonMoreLess
Ordinary100.00% for0.00% againstAgainst: promoters 0.00% · institutions 0.00% · other public 0.01%
Turnout: all 48.54% · promoters 99.78% · institutions 46.28% · other public 4.62%
- Declaration of Dividend at the rate of 11% i.e. Rs. 1.10/- per equity share for the financial year ended March 31, 2026.Ordinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.03%
Turnout: all 48.56% · promoters 99.78% · institutions 46.39% · other public 4.62%
- Re-appointment of Mr. Devendra Shah (DIN: 01127319), as a Director liable to retire by rotation.Ordinary99.79% for0.21% against
Against: promoters 0.00% · institutions 1.67% · other public 0.03%
Turnout: all 48.56% · promoters 99.78% · institutions 46.39% · other public 4.62%
- Ratification of Remuneration to Cost Auditors for FY 2026-27.Ordinary99.99% for0.01% against
Against: promoters 0.00% · institutions 0.00% · other public 0.18%
Turnout: all 48.56% · promoters 99.78% · institutions 46.39% · other public 4.62%
- Approval for remuneration of Mr. Poojan Shah (General Manager - Business Operations) appointed to an office or place of profitOrdinaryPromoters have an interest in it97.81% for2.19% against
Against: promoters 0.00% · institutions 9.66% · other public 0.02%
Turnout: all 26.49% · promoters 45.27% · institutions 46.39% · other public 4.62%
- Approval for remuneration of Mr. Stavan Shah (General Manager - International & Ingredient Business) appointed to an office or place of profitOrdinaryPromoters have an interest in it98.08% for1.92% against
Against: promoters 0.00% · institutions 9.66% · other public 0.02%
Turnout: all 30.22% · promoters 54.51% · institutions 46.39% · other public 4.62%
For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.
Annual general meeting, 29 Sep 2025, 6 resolutions
90,045 shareholders on the register on 22 Sep 2025; present: 3 promoters and 66 others; votes counted by Mr. Bhaskar Upadhyay / M/s. N. L. Bhatia & Associates.The company's voting result
- Adoption of Audited Standalone and Consolidated Financial Statements of the Company for the Financial Year ended March 31, 2025 together with the Reports of the Board of Directors and Auditors thereonOrdinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.04%
Turnout: all 50.46% · promoters 99.78% · institutions 37.20% · other public 4.38%
- Approval for dividend on equity shares at the rate of 10% i.e. Rs. 1/- per equity share for the financial year ended March 31, 2025Ordinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.04%
Turnout: all 50.49% · promoters 99.78% · institutions 37.38% · other public 4.38%
- Re-Appointment of Ms. Akshali Shah (DIN: 06575079), as a Director liable to retire by rotationOrdinary98.57% for1.43% against
Against: promoters 0.00% · institutions 11.69% · other public 0.05%
Turnout: all 50.49% · promoters 99.78% · institutions 37.38% · other public 4.38%
- Re-appointment of M/s. Sharp & Tannan (Firm Registration No. 109982W), Chartered Accountants as the Statutory Auditors of the Company and to fix their remunerationOrdinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.04%
Turnout: all 50.49% · promoters 99.78% · institutions 37.38% · other public 4.38%
- Ratification of Remuneration to Cost Auditors for FY 2025-26Ordinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.09%
Turnout: all 50.49% · promoters 99.78% · institutions 37.38% · other public 4.38%
- Appointment of M/s. N. L. Bhatia & Associates, Practising Company Secretaries (Firm Registration No. P1996MH055800) as Secretarial Auditor of the CompanyOrdinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.04%
Turnout: all 50.49% · promoters 99.78% · institutions 37.38% · other public 4.38%
For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.
Postal ballot, 19 Jul 2025, 6 resolutions
1,04,698 shareholders on the register on 13 Jun 2025; votes counted by Mr. Bhaskar Upadhyay / N. L. Bhatia & Associates.The company's voting result
- Appointment of Ms. Namrata Garud (DIN: 10832812) as an Independent Director of the CompanySpecial99.98% for0.02% against
Against: promoters 0.00% · institutions 0.00% · other public 0.49%
Turnout: all 51.56% · promoters 99.78% · institutions 45.55% · other public 4.12%
- Appointment of Mr. Milind Patil (DIN: 02546815) as an Independent Director of the CompanySpecial99.99% for0.01% against
Against: promoters 0.00% · institutions 0.00% · other public 0.29%
Turnout: all 51.56% · promoters 99.78% · institutions 45.55% · other public 4.12%
- Appointment of Mr. Amitabha Mukhopadhyay (DIN: 01806781) as an Independent Director of the CompanySpecial99.99% for0.01% against
Against: promoters 0.00% · institutions 0.00% · other public 0.28%
Turnout: all 51.56% · promoters 99.78% · institutions 45.55% · other public 4.11%
- Re-Appointment of Mr. Devendra Shah (DIN: 01127319) as the Executive Chairman of the CompanySpecial99.07% for0.93% against
Against: promoters 0.00% · institutions 6.46% · other public 0.35%
Turnout: all 51.56% · promoters 99.78% · institutions 45.55% · other public 4.12%
- Re-Appointment of Mr. Pritam Shah (DIN: 01127247) as the Managing Director of the CompanySpecial99.07% for0.93% against
Against: promoters 0.00% · institutions 6.46% · other public 0.29%
Turnout: all 51.56% · promoters 99.78% · institutions 45.55% · other public 4.11%
- Re-Appointment of Ms. Akshali Shah (DIN: 06575079) as the Executive Director of the CompanySpecial99.07% for0.93% against
Against: promoters 0.00% · institutions 6.46% · other public 0.30%
Turnout: all 51.56% · promoters 99.78% · institutions 45.55% · other public 4.11%
For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.
Extraordinary general meeting, 3 May 2025, 1 resolution
1,09,908 shareholders on the register on 26 Apr 2025; present: 4 promoters and 59 others; votes counted by Mr. Bhaskar Upadhyay / N. L. Bhatia & Associates.The company's voting result
- APPROVAL FOR ISSUANCE OF CONVERTIBLE SHARE WARRANTS ON PREFERENTIAL BASISSpecialPromoters have an interest in it100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.04%
Turnout: all 51.30% · promoters 99.78% · institutions 47.51% · other public 3.53%
For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.
Annual general meeting, 11 Sep 2024, 4 resolutions
Present: 7 promoters and 68 others.
- Adoption of Standalone & Consolidated Financial Statements for the financialnyear ended March 31, 2024Ordinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.43%
Turnout: all 43.06% · promoters 99.78% · institutions 2.60% · other public 0.24%
- Declaration of dividend on equity shares at the rate of 5% i.e. Rs. 0.50/- per nequity share for the financial year ended March 31, 2024OrdinaryPromoters have an interest in it100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.63%
Turnout: all 43.07% · promoters 99.78% · institutions 2.67% · other public 0.24%
- Re-appointment of Mr. Nikhil Vora (DIN: 05014606) as a Director liable to nretire by rotationOrdinary99.95% for0.05% against
Against: promoters 0.00% · institutions 0.00% · other public 23.59%
Turnout: all 43.07% · promoters 99.78% · institutions 2.67% · other public 0.24%
- Ratification of Remuneration to Cost Auditors for FY 2024-25Ordinary99.95% for0.05% against
Against: promoters 0.00% · institutions 0.00% · other public 24.44%
Turnout: all 43.07% · promoters 99.78% · institutions 2.67% · other public 0.24%
For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.
Annual general meeting, 27 Sep 2023, 10 resolutions
Present: 9 promoters and 73 others.
- Adoption of Standalone & Consolidated Financial Statements for the financial year ended March 31, 2023Ordinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.21%
Turnout: all 50.07% · promoters 99.80% · institutions 48.27% · other public 1.10%
- Re-appointment of Mr. Devendra Shah as a Director liable to retire by rotationOrdinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.33%
Turnout: all 50.07% · promoters 99.80% · institutions 48.32% · other public 1.10%
- Ratification of Remuneration of Cost Auditors for FY 2023-24Ordinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.37%
Turnout: all 50.07% · promoters 99.80% · institutions 48.32% · other public 1.10%
- Increase in Authorised Share CapitalOrdinary99.97% for0.03% against
Against: promoters 0.00% · institutions 0.17% · other public 0.35%
Turnout: all 50.07% · promoters 99.80% · institutions 48.32% · other public 1.10%
- Payment of Commission to Independent DirectorsSpecial99.27% for0.73% against
Against: promoters 0.00% · institutions 4.33% · other public 3.78%
Turnout: all 50.07% · promoters 99.80% · institutions 48.32% · other public 1.10%
- Payment of Commission to Executive DirectorsSpecial99.27% for0.73% against
Against: promoters 0.00% · institutions 4.33% · other public 3.64%
Turnout: all 50.07% · promoters 99.80% · institutions 48.32% · other public 1.10%
- Revision in Remuneration of Ms. Akshali Shah - Executive DirectorSpecial99.97% for0.03% against
Against: promoters 0.00% · institutions 0.00% · other public 2.94%
Turnout: all 50.07% · promoters 99.80% · institutions 48.32% · other public 1.10%
- Approval for amendment in ¿Parag Milk Foods Limited¿ ¿ Employee Stock Option Scheme 2022nSpecial99.41% for0.59% against
Against: promoters 0.00% · institutions 3.63% · other public 0.56%
Turnout: all 50.07% · promoters 99.80% · institutions 48.32% · other public 1.10%
Approval for increase in ESOP Pool of Parag Milk Foods Limited Employee Stock Option Plan 2022 and authorization to Nomination and Remuneration Committee to determine the Exercise Price on each grant to the Option GranteesMoreLess
Special99.41% for0.59% againstAgainst: promoters 0.00% · institutions 3.63% · other public 0.56%
Turnout: all 50.07% · promoters 99.80% · institutions 48.32% · other public 1.10%
- Approval for grant of options to Employees of Subsidiary Company of the Company under Parag Milk Foods Limited Employee Stock Option Plan 2022Special99.41% for0.59% against
Against: promoters 0.00% · institutions 3.63% · other public 0.58%
Turnout: all 50.07% · promoters 99.80% · institutions 48.32% · other public 1.10%
For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.
Postal ballot, 25 Dec 2022, 2 resolutions
- Appointment of Mr. Dnyanesh Darshane (DIN: 08515431)as an Independent Director of the CompanySpecial99.93% for0.07% against
Against: promoters 0.00% · institutions 0.00% · other public 6.79%
Turnout: all 36.70% · promoters 99.74% · institutions 0.94% · other public 0.95%
- Appointment of Ms. Akshali Shah (DIN: 06575079) as Executive Director of the CompanySpecial99.81% for0.19% against
Against: promoters 0.00% · institutions 0.00% · other public 9.21%
Turnout: all 17.39% · promoters 46.39% · institutions 0.94% · other public 0.94%
For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.
Annual general meeting, 30 Sep 2022, 10 resolutions
Present: 1 promoter and 60 others.
To receive, consider and adopt the Audited Financial Statements (including the Audited Consolidated Financial Statements) of the Company for the financial year ended March 31, 2022, together with the Reports of the Board of Directors and the Auditors thereon.MoreLess
Ordinary100.00% for0.00% againstAgainst: promoters 0.00% · institutions 0.00% · other public 0.14%
Turnout: all 34.20% · promoters 71.12% · institutions 0.00% · other public 1.03%
- Appointment of Mr. Nikhil Vora (DIN:05014606) as a Director liable to retire by rotation and being eligible, offers himself for re-appointment.Ordinary99.99% for0.01% against
Against: promoters 0.00% · institutions 0.00% · other public 0.44%
Turnout: all 34.21% · promoters 71.12% · institutions 0.00% · other public 1.05%
- Ratification of Remuneration to Cost Auditors FY 2022-23.Ordinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.32%
Turnout: all 34.21% · promoters 71.12% · institutions 0.00% · other public 1.05%
- Re-Appointment of Mr. Devendra Shah (DIN: 01127319) as Whole-Time Director of the Company.Special99.27% for0.73% against
Against: promoters 0.00% · institutions 0.00% · other public 48.15%
Turnout: all 34.21% · promoters 71.12% · institutions 0.00% · other public 1.05%
- Re-Appointment of Mr. Pritam Shah (DIN: 01127247) as Managing Director of the Company.Special99.27% for0.73% against
Against: promoters 0.00% · institutions 0.00% · other public 48.15%
Turnout: all 34.21% · promoters 71.12% · institutions 0.00% · other public 1.05%
- Maintaining the Registers and Indexes of Members and copies of Annual Returns at place other than Registered Office of Company.Special99.98% for0.02% against
Against: promoters 0.00% · institutions 0.00% · other public 1.34%
Turnout: all 34.21% · promoters 71.12% · institutions 0.00% · other public 1.05%
- To approve Parag Milk Foods Limited (PMFL) - Employee Stock Option Scheme 2022 (ESOP 2022 / Parag ESOS 2022).Special99.98% for0.02% against
Against: promoters 0.00% · institutions 0.00% · other public 1.60%
Turnout: all 34.21% · promoters 71.12% · institutions 0.00% · other public 1.05%
- To approve grant of stock options to the employees of subsidiary company(ies) of the Company under ‘Parag Milk Foods Limited - Employee Stock Option Plan 2022.Special99.98% for0.02% against
Against: promoters 0.00% · institutions 0.00% · other public 1.62%
Turnout: all 34.21% · promoters 71.12% · institutions 0.00% · other public 1.05%
- To approve provision of money by the Company for subscription/acquisition of its own shares by the Trust under the ‘Parag Milk Foods Limited - Employee Stock Option Plan 2022.Special99.98% for0.02% against
Against: promoters 0.00% · institutions 0.00% · other public 1.16%
Turnout: all 34.21% · promoters 71.12% · institutions 0.00% · other public 1.05%
- To approve amendments in ‘Parag Milk Foods Limited – Employee Stock Option Scheme 2015 (ESOS 2015).Special99.98% for0.02% against
Against: promoters 0.00% · institutions 0.00% · other public 1.21%
Turnout: all 34.21% · promoters 71.12% · institutions 0.00% · other public 1.05%
For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.
How mutual funds voted
Fund houses must disclose how they vote at every meeting of a company they hold.
Mutual fund votes, meeting of 29 Sep 2026, 1 fund house
Adoption of Audited Standalone and Consolidated Financial Statements of the Company, for the Financial Year ended March 31, 2026 together with the Reports of the Board of Directors and Auditors thereonMoreLess
1 for0 against- Declaration of Dividend at the rate of 11% i.e. Rs. 1.10/- per equity share for the financial year ended March 31, 2026.1 for0 against
- Re-appointment of Mr. Devendra Shah (DIN: 01127319), as a Director liable to retire by rotation.1 for0 against
- Ratification of Remuneration to Cost Auditors for FY 2026-27.1 for0 against
- Approval for remuneration of Mr. Poojan Shah (General Manager - Business Operations) appointed to an office or place of profit1 for0 against
- Approval for remuneration of Mr. Stavan Shah (General Manager - International & Ingredient Business) appointed to an office or place of profit1 for0 against
Mutual fund votes, meeting of 29 Sep 2025, 1 fund house
Each resolution counts the houses whose vote was matched to it; the rest are listed last.
- Adoption of Audited Standalone and Consolidated Financial Statements of the Company for the Financial Year ended March 31, 2025 together with the Reports of the Board of Directors and Auditors thereon1 for0 against
- Approval for dividend on equity shares at the rate of 10% i.e. Rs. 1/- per equity share for the financial year ended March 31, 20251 for0 against
- Re-Appointment of Ms. Akshali Shah (DIN: 06575079), as a Director liable to retire by rotation1 for0 against
- Re-appointment of M/s. Sharp & Tannan (Firm Registration No. 109982W), Chartered Accountants as the Statutory Auditors of the Company and to fix their remuneration1 for0 against
- Appointment of M/s. N. L. Bhatia & Associates, Practising Company Secretaries (Firm Registration No. P1996MH055800) as Secretarial Auditor of the Company1 for0 against
1 proposal not matched to one resolution
Ratification of Remuneration of Rs. 1,50,000/- plus taxes as applicable and re-imbursement of out of pocket expenses incurred in connection with the performance of their duties, to be paid to M/s. Harshad S. Deshpande and Associates, Cost Accountants (Firm Registration No. 00378), who have been, pursuant to the recommendation of the Audit Committee, appointed by the Board of Directors as the Cost Auditors to conduct audit of cost records of the Company for the financial year ending March 31, 2026.MoreLess
1 for0 against
Mutual fund votes, meeting of 11 Sep 2024, 1 fund house
4 proposals
- Item 1, as a fund house numbered it1 for0 against
- Item 2, as a fund house numbered it1 for0 against
- Item 3, as a fund house numbered it1 for0 against
- Item 4, as a fund house numbered it1 for0 against
Mutual fund votes, meeting of 27 Sep 2023, 1 fund house
10 proposals
- Adoption of Standalone & Consolidated Financial Statements for the financial year ended March 31, 20231 for0 against
- Re-appointment of Mr. Devendra Shah as a Director liable to retire by rotation1 for0 against
- Ratification of Remuneration of Cost Auditors for FY 2023-241 for0 against
- Increase in Authorised Share Capital1 for0 against
- Payment of Commission to Independent Directors1 for0 against
- Payment of Commission to Executive Directors1 for0 against
- Revision in Remuneration of Ms. Akshali Shah - Executive Director1 for0 against
- Approval for amendment in ¿Parag Milk Foods Limited¿ ¿ Employee Stock Option Scheme 2022n1 for0 against
Approval for increase in ESOP Pool of Parag Milk Foods Limited Employee Stock Option Plan 2022 and authorization to Nomination and Remuneration Committee to determine the Exercise Price on each grant to the Option GranteesMoreLess
1 for0 against- Approval for grant of options to Employees of Subsidiary Company of the Company under Parag Milk Foods Limited Employee Stock Option Plan 20221 for0 against
Each fund house counted once, from its own disclosure; the reasons are its own words.
Fines
Reported in the filing for the quarter to Sep 2026.
- Fine or penaltyAdjudicating Officer & Joint Commissioner, Departmental Analysis Committee, SuratSince 13 Jul 2026
Penalty of Rs. 0.45 Lakh was imposed on the Company by Adjudicating Officer & Joint Commissioner, Departmental Analysis Committee, Surat.
Issues Involved - Alleged non - adherence of Section 3(1)(zx), Section 26 and Section 27 of the Food Safety and Standards Act, 2006 - Fine or penaltyAdjudicating Officer & Joint Commissioner, Departmental Analysis Committee, Surat.Since 13 Jul 2026
Penalty of Rs. 0.45 Lakh was imposed on the Company by Adjudicating Officer & Joint Commissioner, Departmental Analysis Committee .
Issues Involved - Alleged non - adherence of Section 3(1)(zx), Section 26 and Section 27 of the Food Safety and Standards Act, 2006 - Fine or penaltyDistrict Consumer Disputes Redressal Commission II, LucknowSince 1 Sep 2026
Penalty of Rs. 0.35 Lakh was imposed on the Company by District Consumer Disputes Redressal Commission II, Lucknow.
Issues Involved - Alleged non-adherence with Sections 2(47), 2(9), 2(11) and 2(10) of the Consumer Protection Act, 2019 and under Section 18 of the Indian Contract Act, 1872.
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
- No
- 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 Jun 2026. A preferential issue sells new shares to chosen investors rather than to the public. A warrant or partly paid issue plans the whole issue while the money comes in over time, so the amount set aside can be more than raised so far.
| Raised | Amount raised | For | Set aside | Spent | Spent elsewhere | Reason and comments |
|---|---|---|---|---|---|---|
| Preferential IssuesMay 2025, checked by M/s. India Ratings & Research Pvt. Ltd | 40.30 | Debt Reduction - For repayment and/or reduction of debt including interest, in part or full, (without reducing / cancelling the credit lines) | 17.50 | 17.50 | No | Not applicable since no deviation or variationAudit committee: Not applicable since no deviation or variationAuditors: Not applicable since no deviation or variation |
| Preferential IssuesMay 2025, checked by M/s. India Ratings & Research Pvt. Ltd | 40.30 | Working Capital - For usage towards the working capital needs as part of maintaining or running the operating activities of the Company | 7.80 | 7.80 | No | Not applicable since no deviation or variationAudit committee: Not applicable since no deviation or variationAuditors: Not applicable since no deviation or variation |
| Preferential IssuesMay 2025, checked by M/s. India Ratings & Research Pvt. Ltd | 40.30 | Capital Expenditure - For undertaking capital expenditure to acquire, upgrade and expand Plant & Machinery, equipments which are in the nature of capital expenditure | 5.00 | 5.00 | No | Not applicable since no deviation or variationAudit committee: Not applicable since no deviation or variationAuditors: Not applicable since no deviation or variation |
| Preferential IssuesMay 2025, checked by M/s. India Ratings & Research Pvt. Ltd | 40.30 | General Corporate Purposes - For utilizing towards general corporate purposes [Upto 25% (twenty five percent) of the Issue Proceeds] | 10.00 | 10.00 | No | Not applicable since no deviation or variationAudit committee: Not applicable since no deviation or variationAuditors: Not applicable since no deviation or variation |