Outcome of Board Meeting

Ideas for a new day November 3, 2026 Compliance Department, Compliance Department, BSE Limited National Stock Exchange of India Ltd. Phiroze Jeejeebhoy Tower, Exchange Plaza, Dalal Street, Fort, Plot No. C/1, G-Block, Mumbai - 400 001 Bandra Kurla Complex (BKC), Bandra (E), Mumbai - 400 051 Scrip Code: 539889 NSE Symbol: PARAGMILK Dear Sir / Madam, Sub: Outcome of the Board Meeting held on November 3, 2026 We wish to inform you about the outcome of the Board Meeting held on November 3 2026, pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (“Listing Regulations”). The Board has, inter-alia, considered and approved the followings: 1. Unaudited Standalone and Consolidated Financial Results of the Company for the Quarter and Half Year ended September 30, 2026, along with the Limited Review Reports issued thereon by the Statutory Auditors of the Company. A copy of the said Results along with the Reports thereon are enclosed herewith as Annexure 1 and will also be uploaded on the Company’s website i.e. www.paragmilkfoods.com. 2. Scheme of Amalgamation of Bhagyalaxmi Dairy Farms Private Limited, a wholly owned subsidiary of the Company (“Transferor Company”), with the Company (“Transferee Company”) and their respective shareholders, under Sections 230 to 232 and other applicable provisions of the Companies Act, 2013. The Scheme is subject sanction by the Hon’ble National Company Law Tribunal (“NCLT”) and receipt of necessary approvals from the Shareholders and Creditors, as may be directed by the Hon’ble NCLT, and other regulatory authorities, as may be required. The requisite disclosures pursuant to Regulation 30 read with Para A of Part A of Schedule III of the Listing Regulations and in terms of the SEBI Master Circular (last updated on January 30, 2026), are enclosed herewith as Annexure 2. Parag Milk Foods Ltd. CIN:L15204PN1992PLC070209 Registered Office: Flat No. 1, Plot No. 19, Nav Rajasthan Society, Behind Ratna Memorial Hospital, Senapati Bapat Road, Shivaji Nagar, Pune -411016, Maharashtra Corporate Office: 10'" Floor, Nirmal Building, Nari man Point, Mumbai -400021, Maharashtra Tel.: 022-43005555 I Website: www.paragmilkfoods.com I Email: investors@parag.com Ideas for a new day Meeting of the Board of Directors commenced at 7.00 P.M. (IST) and concluded at 8.25 P.M. (IST). Kindly take the same on records. Thanking you. Yours Faithfully, For Parag Milk Foods Limited Virendra Varma Company Secretary and Compliance Officer FCS No. 10520 Encl: As above. Annexure 1 Ffrm's Registration No. 10 w 9982 Ravindra Annexe, SHARP& 194, Churchgate Reclamation Dinshaw Vachha Road TANNAN Mumbai 400020, Maharashtra, India +97 22 2286 9900 www.sharpandtannan.com chartered accountants Independent Auditor's Review Report on Quarterly and Year-to-Date Unaudited Standalone Financial Results of Parag Milk Foods Limited pursuant to the Regulation 33 of the Securities and Exchange Board of India (Listing Obligations and Disclosures Requirements) Regulations, 2015, as amended. To the Board of Directors of Parag Milk Foods Limited 1. We have reviewed the accompanying Statement of Unaudited Standalone Financial Results (the 'Statement') of Parag Milk Foods Limited (the 'Company') for the quarter ended 30th September, 2026 and the year-to-date from 1st April, 2026 to 30th September, 2026, being submitted by the Company pursuant to the requirements of the Regulation 33 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended (the 'Listing Regulations'). 2. This Statement, which is the responsibility of the Company's management and approved by the Company's Board of Directors on 3rd November, 2026, has been prepared in accordance with the recognition and measurement principles laid down in the Indian Accounting Standard (Ind AS) 34, Interim Financial Reporting prescribed under Section 133 of the Companies Act, 2013 read with relevant rules issued thereunder and other accounting principles generally accepted in India. Our responsibility is to express a conclusion on the Statement based on our review. 3. We conducted our review of the Statement in accordance with the Standard on Review Engagements (SRE) 2410, Review of Interim Financial Information Performed by the Independent Auditor of the Entity issued by the Institute of Chartered Accountants of India. This Standard requires that we plan and perform the review to obtain moderate assurance as to whether the Statement is free of material misstatement. A review is limited primarily to inquiries of the Company personnel and analytical procedures applied to financial data and thus provide less assurance than an audit. We have not performed an audit and accordingly, we do not express an audit opinion. 4. Based on our review conducted as stated in paragraph 3 above, nothing has come to our attention that causes us to believe that the accompanying Statement prepared in accordance with the applicable accounting standards and other recognized accounting practices and policies, has not disclosed the information required to be disclosed in terms of the Regulation 33 of the Listing Regulations, including the manner in which it is to be disclosed, or that it contains any material misstatement. SHARP & TANNAN Chartered Accountants Firm's Registration No.109982W by the hand of Edwin Paul Augustine Partner Membership No. 043385 Mumbai, 3rd November, 2026 UDIN: 26043385XFPNEK4130 Assurance I Consulting I GRC I Tax Ahmedabad I Bengaluru I Chennai I Coimbatore I Delhi I Goa I Hyderabad I Mumbai I Pune I Vadodara . ,,A PARAG Ideas for a new day Pa rag Milk Foods Limited Registered Office: Flat No 1, Plot No 19, Nav Rajasthan Housing Society, (Behind Raina Memorial Hospital), Shivaji Nagar, Pune -411 016, Maharashtra, India ClN: L 15204PN1992PLC070209, Website: www.paragmilkfoods.com, Email id: investors@parag.com STATEMENT OF UNAUDITED STANDALONE FINANCIAL RESULTS FOR THE QUARTER AND HALF YEAR ENDED 30TH SEPTEMBER, 2026 ff in Crorcs) (e>ecept per share data) Particulars Ouarterended Half Year ended Year ended 30-SCD-26 30-Jun-26 30-Sco-25 30-Soo-26 30-Sco-25 31-Mar-26 Unaudited Unaudited Unaudited Unaudited Unaudited Audited (Refer Note 4) (Refer Note 4) 1. Revenue from operations 1,215.42 920.47 981.15 2,135.89 1,811.67 3,742.03 2. Other income 2.71 2.16 18.89 4.87 23.86 35.43 3. Total Income (1 +2) 1,218.13 922.63 1,000.04 2,140.76 1,835.53 3,777.46 4. Expenses (a) Cost of materials consumed 1,028.19 724.33 778.64 1,752.52 1,490.27 2,931.28 (b) Changes in inventories of finished goods. stock-in-trade and work-in- (115.69) (40.81) (42.11) (156.50) (141.28) (138.10) progress (c) Employee benefits expense 42.90 42.85 37.42 85.75 70.93 164.99 (d) Finance costs 24.21 19.82 17.58 44.03 35.33 72.28 (c) Depreciation and amortisation expense 16.52 16.17 15.91 32.69 29.94 60.40 (f) Other expenses 161.01 127.87 134.08 288.88 259.22 522.43 Total Expenses 1,157.14 890.23 941.52 2,047.37 1,744.41 3,613.28 5. Profit before exceptional item and tax {3-4) 60.99 32.40 58.52 93.39 91.12 164.18 6. Exceptional item 5.39 7. Profit before tax (5-6) 60.99 32.40 58.52 93.39 91.12 158.79 8. Tax expense (i) Current tax 15.56 7.94 23.50 0.45 0.45 (ii) Deferred tax (credit)/ charge (3.83) (0.97) 2.82 (4.80) 2.62 7.46 9. Profitfor the period/year anertax (7-8) 49.26 25.43 55.70 74.69 88.05 150.88 10. Other Comprehensive Income Items that will not be reclassified to profit or loss (i) Re-measurements of the defined benefit plans 0.10 0.10 0.61 0.20 1.23 0.40 (ii) Income tax on above (0.02) (0.03) (0.15) (0.05) (0.31) (0.10) Other comprehensive income for the period/year, net of tax 0.08 0.07 0.46 0.15 0.92 0.30 11. Total Comprehensive Income for tho period/year Comprising 49.18 25.36 55.24 74.54 87.13 150.58 Profit ahd Other Comorehensive Income for the oeriod/vcar l9· 1 o, Paid-up equity share capital (Face Value of ?f 10 each) 125.14 125.01 124 [Showing first 8,000 characters — download PDF for full document]