Parag Milk Foods confirms no promoter encumbrance in FY26

Parag Milk Foods confirmed that its promoters and promoter group did not create any encumbrance on their shares during the financial year ended March 31, 2026. The disclosure was submitted to the stock exchanges pursuant to Regulation 31(4) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The confirmation ensures that no shares held by promoters or persons acting in concert were pledged or otherwise encumbered during the period, other than those previously disclosed.

The filing detailed the shareholding of the promoter and promoter group as on March 31, 2026. The total holding amounted to 5,07,61,259 shares, which accounted for 40.57% of the company's total equity. The list included individual shareholding patterns and the corresponding percentage of ownership relative to the total number of shares.

Promoter Shareholding Details

The following table outlines the shareholding of the promoters and promoter group members:

Sr. No.	Name of the Promoters / Promoter Group along with Persons Acting in Concert (PAC)	Number of Shares	Shareholding w.r.t. total number of shares (%)
1	Mr. Devendra Prakash Shah	2,02,06,400	16.15
2	Mr. Pritam Prakash Shah	91,59,888	7.32
3	Ms. Priti Devendra Shah	22,22,820	1.78
4	Ms. Netra Pritam Shah	1,38,67,027	11.08
5	Ms. Akshali Devendra Shah	20,00,000	1.6
6	Mr. Poojan Devendra Shah	32,95,000	2.63
7	Ms. Shabdali Desai	10,000	0.01
8	Mr. Stavan Pritam Shah	100	0
9	Ms. Nayan Sameer Shah	24	0
Total		5,07,61,259	40.57

The declaration was signed by Devendra Prakash Shah on behalf of the promoters and promoter group of Parag Milk Foods . The document noted that the shareholding figures reflect the surviving members of the promoter and promoter group. A copy of the declaration was also marked to the Audit Committee of the company.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
-0.56%	-0.47%	+7.64%	-24.25%	+5.78%	+63.13%

Parag Milk Foods issued a corrigendum on May 15, 2026, to its earlier intimation regarding the outcome of the Board Meeting held on May 7, 2026. The correction pertains to Item No. 5 of the board meeting outcome, which relates to the approval for issuance of shares to the company's Employees Stock Option Trust (ESOP Trust).

Nature of the Correction

The company clarified that the phrase "Delegation of power to Finance Committee of the Board of Directors for" was inadvertently omitted as a prefix in the original intimation dated May 7, 2026. This omission misrepresented the nature of the board's decision. With the corrigendum in place, Item No. 5 now accurately reflects that the Board delegated authority to the Finance Committee for the allotment, rather than the Board itself directly approving the allotment.

Revised Item No. 5 — Key Details

The following table summarises the key parameters of the corrected Item No. 5 as reported in the corrigendum:

Parameter:	Details
Action:	Delegation of power to Finance Committee of Board of Directors
Purpose:	Allotment of equity shares to ESOP Trust
Number of Shares:	10,00,000 Equity Shares
Face Value per Share:	Rs. 10/- each
Scheme:	Parag Milk Foods Limited - Employee Stock Option Scheme 2022 (ESOP 2022 / ESOS 2022)
Trust Name:	Parag Milk Foods Employees Stock Option Trust
Share Ranking:	Pari-passu with existing equity shares in all respects post allotment

Impact on Share Capital

Consequent to the allotment to be made by the Finance Committee with respect to the aforesaid equity shares, the issued and paid-up equity share capital of the company would stand increased. The revised capital structure post-allotment is outlined below:

Capital Metric:	Post-Allotment Details
Issued & Paid-up Equity Share Capital:	Rs. 126,10,95,540
Total Number of Fully Paid-up Equity Shares:	12,61,09,554
Face Value per Share:	Rs. 10/- each

Scope of the Corrigendum

The company has confirmed that except for the aforesaid correction, all other information, details, and contents of the original intimation dated May 7, 2026, shall remain unchanged and should be read in conjunction with this corrigendum. The corrigendum was signed by Virendra Varma, Company Secretary and Compliance Officer (FCS No. 10520), on May 15, 2026.