Press Releases on Outcome of Board Meeting held on August 6, 2026

August 7, 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, Bandra (E), Mumbai - 400 051 Scrip Code: 539889 NSE Symbol: PARAGMILK Dear Sir/Madam, Sub: Press Release on Outcome of Board Meeting held on August 6, 2026 In continuation of our letter dated August 6, 2026, intimating the Outcome of the Board Meeting held on August 6, 2026 and pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we hereby enclose a copy of the Press Releases on the followings: 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 to120MT/day (approx); 2. Appointment of Mr. Rakesh Kothari as Chief Financial Officer & Key Managerial Personnel with effect from August 7, 2026; and 3. Unaudited Standalone and Consolidated Financial Results of the Company for the Quarter ended June 30, 2026. The copy of the same is also being made available on the Company's website at www.paragmilkfoods.com. Requesting you to take the same on records and oblige. Thanking you. For Parag Milk Foods Limited Virendra Varma Company Secretary and Compliance Officer FCS No. 10520 Encl: As above. Parag Milk Foods Board approves Doubling of Cheese production capacity; driving parallel expansion in Whey Protein generation Mumbai, August 6, 2026: Parag Milk Foods Ltd. (PMFL), one of India's leading dairy FMCG companies, today announced that its Board of Directors has approved the expansion of its cheese manufacturing capacity from 60 metric tonnes per day (MT/day) to 120 MT/day. This investment is part of the Company's strategy to cater to the growing demand of Cheese & Whey protein business and spotting new avenues of growth. This will involve an estimated capital expenditure of Rs. 105 Cr to be funded from mix of internal accruals and debt. The expansion is likely to complete by FY28. Under its Flagship category, PMFL has built one of India's strongest cheese portfolios under the brand Go Cheese which commands ~35% market share. The Company is also a leading supplier to institutional customers, including hotels, restaurants and catering besides the presence in consumer cheese present across GT, MT, E-com and Q-com. According to IMARC Group, the Indian cheese market is expected to grow from approximately INR 129 billion in 2025 to around INR 620 billion by 2034, driven by rising urbanisation, evolving food preferences and the expansion of organised food service channels. The Go Cheese portfolio includes mozzarella, processed cheese, cheddar, cheese slices, spreads, cheese cubes, cheese sauces, cream cheese, pizza cheese and a range of speciality cheese solutions serving both retail and food service customers. Commenting on the development, Rahul Kumar Srivastava, Chief Operating Officer, Parag Milk Foods Ltd, said, "Cheese is one of the key growth drivers for Parag Milk Foods and a strategic pillar of our value-added products portfolio. This Board approval marks another important step in our phased roadmap towards 120 MT per day and reflects our confidence in the long-term potential of the category. The additional capacity will enhance manufacturing efficiency, strengthen our ability to meet growing customer demand and support future product innovation." About Parag Milk Foods Ltd: Parag Milk Foods Limited, established in 1992, is the largest private dairy FMCG Company 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 Palamner 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. For further information; please contact Brian D’Penha - Head-Investor Relations investors@parag.com, 022-43005555, +918355897606 Parag Milk Foods elevates Rakesh Kothari as Chief Financial Officer and KMP Mumbai, August 6, 2026: Parag Milk Foods Ltd. (PMFL), one of India's leading dairy FMCG companies, today announced the elevation of Rakesh Kothari as its Chief Financial Officer (CFO) & KMP with the effect from August 6, 2026. He has been serving as President, Finance & Accounts for the last one year and will now lead the company's finance function. 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. At Parag, Rakesh has been mentored by seasoned industry veterans and groomed for leadership in the dairy business. Over the years, he has gained extensive experience in financial management, accounting, and corporate governance. He has played a pivotal role in supporting key business initiatives and strengthening the company's financial framework as Parag continues to diversify its portfolio and scale its operations. Commenting on the elevation, Akshali Shah, Executive Director, Parag Milk Foods Ltd., said, "As we strengthen our professional management elevation of Rakesh is an important step to drive financial discipline. He has been a valuable member of our leadership team over the past year. He understands our business, works closely with our teams and has strong business acumen. As we continue to grow, his experience and business perspective will play an important role in steering business growth.” About Parag Milk Foods Ltd: Parag Milk Foods Limited, established in 1992, is the largest private dairy FMCG Company 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 Palamner 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. For further information; please contact Brian D’Penha - Head-Investor Relations investors@parag.com, 022-4300 [Showing first 8,000 characters — download PDF for full document]