Parag Milk Foods Limited has informed the Exchange about the Outcome of Board Meeting held on August 6, 2026

Jdeas for a new day August 6, 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 August 6, 2026 We wish to inform you about the outcome of the Board Meeting held on August 6 2026, pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The Board has, inter-alia, considered and approved the following matters: 1. Expansion of cheese manufacturing capacity by additional 60MT/day (approx) as a brownfield expansion thereby increasing the existing cheese manufacturing capacity from 60MT/day to 120MT/day (approx), involving an investment of approx ₹105 Crore towards the said capacity addition. The requisite disclosures pursuant to Regulation 30 read with Para B of Part A of Schedule III of Listing Regulations and in terms of the SEBI Master Circular (last updated on January 30, 2026), are enclosed herewith as Annexure 1. 2. Appointment of Mr. Rakesh Kothari as Chief Financial Officer (CFO) & Key Managerial Personnel (KMP) with effect from August 7, 2026, based on the recommendations of the Nomination and Remuneration Committee and the Audit Committee. The Board also noted that pursuant to the above appointment, Mr. Pritam Shah is being relieved from his additional duties as an Interim CFO of the Company with effect from the close of business hours on August 6, 2026. He shall, however, continue to hold the position of Managing Director and Key Managerial Personnel of the Company in accordance with the existing terms of his appointment. The requisite disclosures pursuant to Regulation 30 read with Para A of Part A of Schedule III of 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: 10th Floor, Nirmal Building, Nariman Point, Mumbai -400021, Maharashtra Tel.: 022-43005555 I Website: www.paragmilkfoods.com I Email: investors@parag.com Ideas for a new day 3. Unaudited Standalone and Consolidated Financial Results of the Company for the Quarter ended June 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 3 and will also be uploaded on the Company’s website i.e. www.paragmilkfoods.com. Meeting of the Board of Directors commenced at 7.00 P.M. (IST) and concluded at 8.35 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. Ideas for a new day Annexure 1 Disclosure under Regulation 30 read with Para B of Part A of Schedule III of Listing Regulations Sr. No. Particulars Details 1. Existing capacity 60 MT/day 2. Existing capacity utilisation The existing capacity is close to full utilisation. 3. Proposed capacity addition 60 MT/day (approx.) 4. Period within which the proposed By Financial Year 2027-28 capacity is to be added 5. Investment required ₹ 105 Crore (approx.) 6. Mode of financing Internal accruals/Borrowings/Lease 7. Rationale This investment is necessary for the Company's readiness towards long term growth prospects. Ideas for a new day Annexure 2 Disclosure under Regulation 30 read with Para A of Part A of Schedule III of Listing Regulations Sr. No. Particulars Mr. Rakesh Kothari Mr. Pritam Shah 1. Reason for change viz. Appointment of Mr. Rakesh Kothari as CFO & KMP Cessation of Mr. Pritam Shah from his appointment, re-appointment, additional duties of Interim CFO. He shall, resignation, removal, death or however, continue to hold the position of otherwise Managing Director and Key Managerial Personnel of the Company in accordance with the existing terms of his appointment. 2. Date of appointment / re- August 7, 2026 Cessation as Interim CFO w.e.f. August 6, appointment/ cessation (as 2026 (from close of business hours) applicable) & term of The appointment shall be effective in accordance with the applicable appointment/re-appointment provisions of law and the terms of employment. 3. Brief profile (in case of Mr. Kothari holds an MBA in General Management from the University of Not applicable appointment) Mumbai and a Bachelor of Commerce degree and is a finance professional with over 25 years of experience across banking and other industries. With more than 25 years of experience across banking and corporate finance, Rakesh brings expertise in financial planning, treasury operations, investor relations, risk management and business finance. Prior to joining Parag, he worked with Citibank and Sadhana Nitro Chem. He is currently serving as President - Finance & Accounts in the Company since August 18, 2025. His financial expertise, operational insight, and good understanding of the Company's business have contributed significantly to strengthening the Company's financial management and supporting its long-term growth. 4. Disclosure of relationships Not applicable Not applicable between directors (in case of appointment of a director) Annexure 3 Firm's Registration No. 109982W Ravindra Annexe, SHARP& 194, Churchgate Reclamation Dinshaw Vachha Road TANNAN Mumbai 400020, Maharashtra, India +91 22 2286 990? chartered accountants www.sharpandtannan.corn Independent Auditor's Review Report on Quarterly Unaudited Standalone Financial Results of Parag Milk Foods Limited pursuant to the Regulation 33 read with the Regulation 63 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 June, 2026 and for the period from 1st April, 2026 to 30th June, 2026, being submitted by the Company pursuant to the requirements of the Regulation 33 read with the Regulation 63 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 6th August, 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 bel [Showing first 8,000 characters — download PDF for full document]