Parag Milk Foods Limited has informed the Exchange regarding the Business Responsibility and Sustainability Reporting for FY 2025-26

September 5, 2026 Compliance Department, Compliance Department, BSE Limited National Stock Exchange of India Ltd. Phiroze Jeejeebhoy Tower, Exchange Plaza, Plot No. C/1, G-Block, Dalal Street, Fort, Bandra Kurla Complex Mumbai - 400 001 Bandra - (E), Mumbai - 400 051 Scrip Code:- 539889 NSE Symbol:- PARAGMILK Dear Sir / Madam, Sub: Business Responsibility and Sustainability Report for Financial Year 2025-26 Pursuant to Regulations 34(2)(f) of the Securities and Exchange Board of India (Listing Obligations & Disclosure Requirements) Regulations 2015, we are submitting herewith the Business Responsibility and Sustainability Report for Financial Year 2025-26. Request you to kindly take the same on records. Thanking you, For Parag Milk Foods Limited Virendra Varma Company Secretary & Compliance Officer FCS No. 10520 Encl: As above. Business Responsibility and Sustainability Report Business Responsibility and Sustainability Report [Regulation 34(2)(f) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015] This Business Responsibility and Sustainability Reporting (BRSR) has been prepared in accordance with the Securities and Exchange Board of India (SEBI) guidelines for listed companies. The report covers the company's performance on environmental, social, and governance (ESG) parameters for the financial year FY 2025 - 2026. SECTION A: GENERAL DISCLOSURES I. Details of the listed entity 1. Corporate Identity Number (CIN) of the Listed Entity L15204PN1992PLC070209 2. Name of the Listed Entity Parag Milk Foods Limited (‘Company’ / ‘Parag’ / ‘PMFL’) 3. Year of incorporation 1992 4. Registered office address Flat No.1, Plot No.19, Nav Rajasthan Soc., Behind Ratna Memorial Hospital, S.B. Road, Shivaji Nagar, Pune, Maharashtra- 411016 5. Corporate address 10th Floor, Nirmal Building, Nariman Point, Mumbai-400021 6. E-mail investors@parag.com 7. Telephone 022 - 4300 5555 8. Website http://www.paragmilkfoods.com/ 9. Financial year for which reporting is being done FY 2025 - 2026 10. Name of the Stock Exchange(s) where shares are listed BSE Limited (‘BSE’) National Stock Exchange of India Limited (‘NSE’) 11. Paid-up Capital Rs.1,25,10,95,540 (Divided into 12,51,09,554 equity shares of Rs.10 each). 12. Name and contact details (telephone, email address) of the Mr. Brian D’Penha, Head -Investor Relations person who may be contacted in case of any queries on the Telephone: 022 - 4300 5555 BRSR report Email address: investors@parag.com 13. Reporting boundary - Are the disclosures under this report The disclosure under this report is on standalone basis for made on a standalone basis (i.e. only for the entity) or on a Parag Milk Foods Limited, unless otherwise specified. consolidated basis (i.e. for the entity and all the entities which form a part of its consolidated financial statements, taken together). 14. Name of assurance provider J. Sundharesan and Associates 15. Type of assurance obtained Limited assurance Parag Milk Foods Limited II. Products/services 16. Details of business activities (accounting for 90% of the turnover): % of Sr. Description of Description of Business Activity Turnover of No. Main Activity the entity 1 Manufacturing Parag Milk Foods Limited, established in 1992, is the largest private dairy FMCG Company 100% with a Pan India presence. The Company’s manufacturing facilities with in-house technology which are strategically located at Manchar and Thorandale in Maharashtra and Palamaner in Andhra Pradesh. The Company sells 100% cow’s milk products that are healthy and nutritious. Integrated business model and strong R&D capabilities have helped the Company emerge as a leader in innovation. The Company’s dairy farm, Bhagyalaxmi, houses more than 5,000 cows, with an automated milking process. The Company offers traditional products like Ghee, Dahi, Paneer, Liquid Milk, etc. under brand “Gowardhan”, and products like Cheese, UHT Milk, Buttermilk, Lassi, Flavoured Milk Shakes, etc. under the brand name “Go”. “Pride of Cows”, the flagship brand of the Company based on proposition of Farm to Home – single origin concept targeting customers seeking premium quality dairy products. The Company is also present in Whey Protein based sports nutrition under the brand Avvatar – India’s 1st 100% vegetarian whey protein. The Company’s goal is to become the global nutrition provider and become the largest dairy FMCG Company that emphasizes health and nutrition to consumers through quality and innovation. 17. Products/Services sold by the entity (accounting for 90% of the entity's Turnover): Product/Service NIC Code % of total Turnover contributed 1 Manufacture of dairy products 1050 100% III. Operations 18. Number of locations where plants and/or operations/offices of the entity are situated: Location Number of plants Number of Depots Number of offices Total National 3 29 10 42 International NIL NIL NIL NIL 19. Markets served by the entity: a. Number of locations Locations Number National (No. of States) 28 International (No. of Countries) 16 b. What is the contribution of exports as a percentage of the total turnover of the entity? 2.17% c. A brief on types of customers Consumers We develop and market innovative products under our portfolio of brands, delivering joy, health, and nutrition to our consumers. Our diverse product range includes dairy products, ready-to-eat sweets and India’s first whey protein-based nutrition brand. Through strategic premiumization, we have enhanced our offerings to meet evolving consumer needs. Business Responsibility and Sustainability Report Retailers and Distributors With an extensive and robust distribution network comprising 29 strategically located depots, over 500 super stockists, and an extensive network of more than 4,500 distributors, our company effectively reaches and serves an extensive network of over 4.6 lakh retail counters across diverse geographical locations. Institutional Customers Our Company has successfully forged strong partnerships with reputable institutional and HORECA (Hotels, Restaurants, and Catering) customers. These valued customers rely on our exceptional product portfolio, including cheese, skim milk powder and whey products, to fulfil their distinct requirements and elevate their culinary offerings. IV. Employees 20. Details as at the end of Financial Year: a. Employees and workers (including differently abled): Sr. Male Female Particulars Total (A) No. No. (B) % (B / A) No. (C) % (C / A) EMPLOYEES 1 Permanent (D)* 1670 1479 88.6 191 11.4 2 Other than Permanent (E) 216 205 94.9 11 5.1 3 Total employees (D + E) 1886 1684 89.3 202 10.7 WORKERS 4 Permanent (F) 403 402 99.8 1 0.2 5 Other than Permanent (G) 1111 648 58.3 463 41.7 6 Total workers (F + G) 1514 1050 69.4 464 30.6 *Permanent employees exclude the Board of Directors b. Differently abled Employees and workers: Sr. Male Female Particulars Total (A) No. No. (B) % (B / A) No. (C) % (C / A) DIFFERENTLY ABLED EMPLOYEES 1 Permanent (D) 1 - - 1 100.0 2 Other than Permanent (E) - - - - - 3 Total differently abled employees (D + E) 1 - - 1 100.0 DIFFERENTLY ABLED WORKERS 4 Permanent (F) 7 7 100.0 - - 5 Other than Permanent (E) - - - - - 6 Total differently abled workers (F + G) 7 7 100.0 - - 21. Participation/Inclusion/Representation of women No. and percentage of Females Particular Total (A) No. (B) % (B / A) Board of Directors* 8 2 25.00 Key Management Personnel** 1 - - * Board of Directors includes Chairperson, MD, One Executive Director and Five Non-Executive Directors ** KMP includes Company Secretary Parag Milk Foods Limited 22. Turnover rate for permanent employees and workers FY 2023 - 2024 FY 2025 - 2026 FY 2024 - 2025 (Turnover rate in the year Particular (Turnover rate in current FY) (Turnover rate in previous FY) prior to the previous FY) Male Female Total Male Female Total Male Female Total Permanent Employees 35% 31% 35% 41% 18% 39% 35% 18% 33% Permanent Workers 8% - 8% 6% - 6% 4% 7% 4% (a) Names of hold [Showing first 8,000 characters — download PDF for full document]