Parag Milk Foods Reports No Deviation in Fund Utilization for Q4 FY26
Parag Milk Foods confirms no deviation in the utilization of ₹40.30 crore raised via convertible warrants by March 31, 2026. Funds were allocated to debt reduction, working capital, capital expenditure, and general corporate purposes as per the EGM notice.
This is a standard regulatory compliance disclosure. It does not introduce new material information that would significantly impact the company's stock price.
The announcement is a routine compliance filing confirming no deviation in fund utilization, which is a neutral event for the company's stock.
Parag Milk Foods Limited has confirmed that there was no deviation or variation in the utilization of proceeds received from the issuance of Convertible Share Warrants for the quarter ended March 31, 2026. The funds were raised on May 23, 2025, totaling ₹40.30 crore.
The utilization statement, reviewed by the Audit Committee and Board of Directors, confirms that the funds were used as per the objects stated in the notice for the Extra-ordinary General Meeting (EGM) held on May 3, 2025. The allocated amounts were ₹17.50 crore for Debt Reduction, ₹7.80 crore for Working Capital, ₹5.00 crore for Capital Expenditure, and ₹10.00 crore for General Corporate Purposes.
As of March 31, 2026, the utilized amounts were ₹17.50 crore for Debt Reduction, ₹7.80 crore for Working Capital, ₹5.00 crore for Capital Expenditure, and ₹9.70 crore for General Corporate Purposes. The company reported nil deviation for all categories, with the Audit Committee and auditors also providing no comments on any variations.
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Parag Milk Foods Limited filed this with the NSE as a statutory disclosure, categorised under sebi compliance filings. It is a primary document, not a recommendation, and the desk marks it low impact, the band that almost never moves a portfolio on its own.
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