General Updates

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 (BKC), Bandra (E), Mumbai - 400 051 Scrip Code: 539889 NSE Symbol: PARAGMILK Dear Sir / Madam, Sub: Statement of no deviation or variation for quarter ended on June 30, 2026 Pursuant to Regulation 32 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we hereby confirm that during the quarter ended on June 30, 2026, there was no deviation or variation in the utilisation of proceeds received from issuance of Convertible Share Warrants from the objects stated in the Notice dated April 3, 2025 calling Extra-ordinary General Meeting (‘EGM’) on May 3, 2025 read with Corrigendum, to EGM notice, dated April 24, 2025. A statement of no deviation or variation for the quarter ended on June 30, 2026, duly reviewed by the Audit Committee and Board of Directors of the Company, is enclosed herewith. 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 Statement of No Deviation / Variation in utilisation of funds raised Name of listed entity Parag Milk Foods Limited Mode of Fund Raising Public Issues / Rights Issues / Preferential Issue / QIP /Others Date of Raising Funds May 23, 2025 Amount Raised INR 40.30 Crore Report filed for Quarter ended June 30, 2026 Monitoring Agency Applicable Monitoring Agency Name, if applicable India Ratings & Research Private Limited Is there a Deviation / Variation in use of No funds raised If yes, whether the same is pursuant to Not Applicable change in terms of a contract or objects, which was approved by the shareholders If Yes, Date of shareholder Approval Not Applicable Explanation for the Deviation / Variation Not Applicable Comments of the Audit Committee No Comments after review Comments of the auditors, if any No Comments Objects for which funds have been raised and where there has been a deviation, in the following table Original Object Modified Original Modified Funds Utilised Amount of Remarks Object, if any Allocation allocation, if upto June 30, Deviation / if any (Rs. in Crore) any 2026 (Rs. in Variation for the (Rs. in Crore) Crore) quarter according to applicable object Debt Reduction - For repayment and/or reduction of debt including interest, in part or full, (without N.A. 17.50 N.A. 17.50 Nil -- reducing / cancelling the credit lines) Working Capital - For usage towards the working capital needs as part of maintaining or N.A. 7.80 N.A. 7.80 Nil -- running the operating activities of the Company Capital Expenditure - For undertaking capital expenditure to acquire, upgrade and expand N.A. 5.00 N.A. 5.00 Nil -- Plant & Machinery, equipments which are in the nature of capital expenditure General Corporate Purposes - For utilizing towards general corporate N.A. 10.00 N.A. 10.00 Nil -- purposes [Upto 25% (twenty five percent) of the Issue Proceeds] Total . 40.30 40.30 -- Deviation or variation could mean: (a) Deviation in the objects or purposes for which the funds have been raised or (b) Deviation in the amount of funds actually utilized as against what was originally disclosed or (c) Change in terms of a contract referred to in the fund raising document i.e. prospectus, letter of offer, etc.