Parag Milk Foods Limited announced on 23 May 2025 that the Finance Committee of its Board of Directors approved the allotment of 90,00,000 (Ninety Lakh) Convertible Share Warrants on a preferential basis. The allotment is in compliance with SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018.
Key details of the allotment:
- Each warrant is issued at a price of ₹179.10.
- A paid-up value of ₹44.78 per warrant (at least 25% of the issue price) has been received.
- The total consideration received as on the date of allotment is ₹40.30 crore.
The warrants have been allotted to the following allottees:
- Mr. Utpal Hemendra Sheth (Non-Promoter): 13,00,000 warrants, with ₹5.82 crore received.
- Mr. Rajesh Kabra (Non-Promoter): 44,000 warrants, with ₹0.20 crore received.
- Mr. Vishesh Jailesh Dalal (Non-Promoter): 56,000 warrants, with ₹0.25 crore received.
- M/s. Trishakti Power Holdings Pvt. Ltd. (Non-Promoter): 14,00,000 warrants, with ₹6.27 crore received.
- Mr. Ankit Jain (Company’s Employee, Non-Promoter): 2,00,000 warrants, with ₹0.90 crore received.
- Mr. Devendra Shah (Promoter): 30,00,000 warrants, with ₹13.43 crore received.
- Mr. Pritam Shah (Promoter): 30,00,000 warrants, with ₹13.43 crore received.
The company clarified that there is no immediate change in the paid-up equity share capital of the Company as a result of the allotment of these warrants.