Parag Milk Foods Strengthens Leadership Commitment with Convertible Warrants Allotment to CSO Mr. Ankit Jain

Parag Milk Foods Limited, a leading dairy FMCG company, has proposed the allotment of 2,00,000 convertible warrants to Mr. Ankit Jain, Chief Strategy Officer, reinforcing confidence in the Company's strong growth trajectory and long-term potential.

Mr. Ankit Jain's investment underscores Parag Milk Foods' robust financial health and strategic vision. The convertible warrants, which can be converted into equity shares at a later stage, further align his interests with the company's future.

Commenting on this development, Mr. Devendra Shah, Chairman, said, "Ankit Jain's investment reflects his strong belief in Parag Milk Foods' solid foundation and immense growth potential. His confidence reaffirms our commitment to innovation, sound financial management, and sustainable expansion in the dairy FMCG sector."

Parag Milk Foods continues to strengthen its footprint in the dairy and nutrition segments, offering premium dairy products under its flagship brands Gowardhan, Go, Pride of Cows, and Avvatar. This strategic investment highlights leadership's commitment to driving long-term value for stakeholders.

Shares of Parag Milk Foods Limited was last trading in BSE at Rs. 168.85 as compared to the previous close of Rs. 169.50. The total number of shares traded during the day was 55925 in over 893 trades.

The stock hit an intraday high of Rs. 171.05 and intraday low of 162.55. The net turnover during the day was Rs. 9316808.00.

Source : Equity Bulls

Keywords

ParagMilkFoods INE883N01014 FundRaising ConvertibleWarrants KMP CSO