Parag Milk Foods Limited has submitted its quarterly compliance certificate to the stock exchanges for the quarter ended March 31, 2026. The filing, made on April 9, 2026, fulfills the company's regulatory obligations under SEBI's depositories regulations.

Compliance Certificate Details

The certificate was issued under Regulation 74(5) of the Securities and Exchange Board of India (Depositories and Participants) Regulations, 2018. KFin Technologies Limited, serving as the company's Registrar and Share Transfer Agent, prepared and certified the compliance document.

Key Certification Points

The compliance certificate confirms that no requests were received for dematerialization or rematerialization of shares during the quarter ended March 31, 2026. This certification is a mandatory requirement under SEBI regulations for listed companies.

Key aspects of the certification include:

• No dematerialization requests received during Q4 FY26
• No rematerialization requests received during the period
• No reports required to be furnished to stock exchanges due to absence of such requests
• Compliance maintained with SEBI depositories regulations

Regulatory Framework

The certificate addresses requirements under Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018. This regulation mandates that registrar and transfer agents provide periodic certificates regarding dematerialization and rematerialization activities to ensure transparency in share transfer processes.

Filing Process

Company Secretary and Compliance Officer Virendra Varma submitted the certificate to both BSE Limited and National Stock Exchange of India Ltd. The submission was made through proper channels to the compliance departments of both exchanges, ensuring adherence to listing requirements.

The certificate was also forwarded to Central Depository Services (India) Ltd and National Securities Depository Limited, completing the regulatory filing process for the quarter ended March 31, 2026.

Parag Milk Foods Limited has filed its statement of no deviation or variation in fund utilization for the quarter ended December 31, 2025, confirming complete compliance with the stated objects of its preferential issue. The company submitted this statement to both BSE and NSE on February 5, 2026, pursuant to Regulation 32 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Issue Details and Fund Structure

The company's preferential issue of convertible share warrants was conducted from May 15, 2025, to May 23, 2025, involving 90,00,000 convertible warrants priced at ₹179.10 per warrant. The total issue size amounted to ₹161.19 crores, with the company receiving 25% as upfront consideration.

Complete Fund Utilization Across Objects

The company has successfully utilized ₹40.00 crores out of the ₹40.30 crores received, with funds deployed across four designated objects as originally planned. The utilization shows complete adherence to the objects stated in the EGM notice dated April 3, 2025.

Regulatory Compliance and Monitoring

The statement was duly reviewed by the Audit Committee and Board of Directors, with India Ratings & Research Private Limited serving as the monitoring agency. The company confirmed that there was no deviation in the utilization of proceeds from the objects stated in the original EGM notice.

The filing was made in accordance with SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026, ensuring full regulatory compliance. The company has maintained transparency by making all relevant documents available on its website at www.paragmilkfoods.com for stakeholder reference.