BSEInsider Trading / SAST1h ago · 26 Sept 2026, 11:27 am
The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Sixth Sense India Opportunities III & PACs
Parag Milk Foods Ltd · 539889
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Parag Milk Foods Ltd has received a disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011, stating that Sixth Sense India Opportunities III has sold 29,54,115 shares of the company between November 19, 2025 to September 23, 2026, triggering a 2% change in their shareholding.
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Parag Milk Foods Ltd - 539889 - Disclosures under Reg. 29(2) of SEBI (SAST) Regulations, 2011
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Sixth Sense Ventures Advisors LLP
INS Towers, A 1102/1103, Opposite Trident, BKC, Bandra East, Mumbai - 400051
+91 (22) 4017 6000 | www.sixthsenseventures.com
Parag Milk Foods Limited September 25, 2026
Flat No 1, Plot No 19, Nav Rajasthan Housing Society,
Behind Ratna Memorial Hospital, Shivaji Nagar, Pune, Pin-411016
Maharashtra, India
National Stock Exchange of India Limited
Exchange Plaza, 5th Floor, Plot No. C/1
G-Block Bandra Kurla Complex Bandra (E),
Mumbai - 400 051
BSE Limited
Phiroze Jeejeebhoy Towers, Dalal Street,
Mumbai - 400 001
Re: Disposal of equity shares of Rs. 10/- each fully paid up, of Parag Milk Foods Limited (“PMFL”) by Sixth Sense India
Opportunities – III (“SSIO-III”)
Sub: Filing of report under Regulation 29(2) read with Regulation 29(3) of the Securities and Exchange Board of India
(Substantial Acquisition of Shares and Takeovers) Regulations, 2011 (“SEBI Takeover Regulations”)
Dear Sir/ Madam,
In compliance with Regulation 29(2) read with Regulation 29(3) of the SEBI Takeover Regulations, we hereby notify
that SSIO III, has sold an aggregate of 29,54,115 shares of face value Rs. 10/- each fully paid up, of PMFL between
November 19, 2025 to September 23, 2026 by way of secondary sale and the said disposal has triggered the 2%
change in our shareholding in PMFL since last disclosure made on November 18, 2025. Accordingly, the requisite
report in the prescribed format is enclosed herewith.
SSIO III, a scheme of Sixth Sense Ventures Trust, a Category II Alternative Investment Fund (“AIF”), is registered with
the Securities and Exchange Board of India (“SEBI”) under SEBI (Alternative Investment Funds) Regulations, 2012
having registration number IN/AIF2/20-21/0794.
The above is for your information and records.
For Sixth Sense India Opportunities – III
Nikhil Vora
Founder & CEO
Sixth Sense Ventures Advisors LLP (Investment Manager of Sixth Sense India Opportunities – III)
Sixth Sense Ventures Advisors LLP
INS Towers, A 1102/1103, Opposite Trident, BKC, Bandra East, Mumbai - 400051
+91 (22) 4017 6000 | www.sixthsenseventures.com
Format for disclosures under Regulation 29(2) of Securities and Exchange Board of India
(Substantial Acquisition of Shares and Takeovers) Regulations, 2011
Parag Milk Foods Limited
Name of the Target Company (TC)
Sixth Sense India Opportunities III
Name(s) of the acquirer / seller and Persons Person Acting in Concert:
Acting in Concert (PAC) with the acquirer / 1. Nikhil Vora (‘NV’)
seller 2. IYA Ventures (‘IV’)
Whether the acquirer / seller belongs to No
Promoter/Promoter group
National Stock Exchange of India Limited (NSE) and
Name(s) of the Stock Exchange(s) where the shares of
BSE Limited (BSE)
TC are Listed
% w.r.t. total % w.r.t. total
share/voting diluted
Details of the acquisition / disposal as follows Number
capital share/voting
wherever capital of the TC
applicable (*) (**)
Before the disposal under consideration, holding of:
a) Shares carrying voting rights 63,30,3581 5.06%2 4.71%3
b) Shares in the nature of encumbrance Nil Nil Nil
(pledge/ lien/ non-disposal undertaking/
others)
Nil Nil Nil
c) Voting rights (VR) otherwise than by shares
Nil Nil Nil
d) Warrants/convertible securities/any other
instrument t hat entitles the acquirer to
receive shares carrying voting rights in the
TC (specify holding in each category)
63,30,358 5.06% 4.71%
e) Total (a+b+c+d)
Details of sale:
29,54,115 2.35%4 2.19%5
a) Shares carrying voting rights acquired/sold
Nil Nil Nil
b) VRs acquired /sold otherwise than by shares
c) Warrants/convertible securities/any other
Nil Nil Nil
instrument that entitles the acquirer to receive
shares carrying voting rights in the TC
(specify holding in each category)
acquired/sold
d) Shares encumbered / invoked/released by the Nil Nil Nil
acquirer
e) Total (a+b+c+/-d) 29,54,115 2.35% 2.19%
163,30,358 equity shares (representing 5.04% of the issued capital of the TC) are held by the acquirer and PACs as follows:
SSIO III – 60,19,658 equity shares (4.79%), NV - 1,60,700 (0.13%) equity shares and IV - 1,50,000 equity shares (0.12%).
2The share capital of TC prior to sale as on 19 Nov 2025 was 12,51,09,554. As on the date of sale triggering this reporting (i.e. as on 23 Sep 2026) the share capital
of TC is 12,56,09,554 equity shares. The holding of seller has been calculated based on total share capital of TC as on 19 Nov 2025 i.e. 12,51,09,554 equity shares
3The diluted share capital of TC prior to sale as on 19 Nov 2025 was 13,46,88,539 equity shares. As on the date of sale triggering this reporting (i.e. as on 23 Sep
2026) the diluted share capital of TC is 13,45,08,539. The holding of seller has been calculated based on total diluted share capital of TC as on 19 Nov 2025 i.e.
13,46,88,539 equity shares
4The holding of seller has been calculated based on total share capital of TC as on 23 Sep 2026 i.e. 12,56,09,554 equity shares
5The diluted share capital of TC as on 30 Jun 2026 was 13,46,88,539 equity shares.
Sixth Sense Ventures Advisors LLP
INS Towers, A 1102/1103, Opposite Trident, BKC, Bandra East, Mumbai - 400051
+91 (22) 4017 6000 | www.sixthsenseventures.com
After the sale, holding of:
a) Shares carrying voting rights 33,76,243 2.69%4 2.51%5
b) Shares encumbered with the acquirer Nil Nil Nil
c) VRs otherwise than by shares Nil Nil Nil
Nil Nil Nil
d) Warrants/convertible securities/any other
instrument that entitles the acquirer to receive
shares carrying voting rights in the TC (specify
holding in each category) after acquisition
33,76,243 2.69% 2.51%
e) Total (a+b+c+d)
Mode of acquisition / sale (e.g. open market / off-market /
public issue / rights issue / preferential allotment / inter-se
Open Market
transfer etc).
Date of acquisition / sale of shares / VR or date of November 19, 2025 to September 23, 2026
receipt of intimation of allotment of shares, whichever is
applicable
Equity share capital / total voting capital of the TC before INR 1,25,10,95,5406
the said acquisition / sale
Equity share capital/ total voting capital of the TC after the
INR 1,25,60,95,540
said acquisition / sale
Total diluted share/voting capital of the TC after the
INR 1,34,68,85,390
said sale
4The holding of seller has been calculated based on total share capital of TC as on 23 Sep 2026 i.e. 12,56,09,554 equity shares
5The diluted share capital of TC as on 30 Jun 2026 was 13,46,88,539 equity shares.
6The share capital of TC prior to sale as on 19 Nov 2025 was INR 1,25,10,95,540. As on the date of sale triggering this reporting (i.e. as on 23
Sep 2026) the share capital of TC is INR 1,25,60,95,540
Signature of the Seller
Nikhil Vora
Founder & CEO
Sixth Sense Ventures Advisors LLP (Investment manager of Sixth Sense India Opportunities – III)
Place: Mumbai
Date: September 25, 2026