Paid-up equity shares of the company has increased to 12,51,09,554 (12.51 crore) fully paid-up equity Shares of face value of Rs 10 each
Marking a significant financial restructuring for the company, Parag Milk Foods has allotted 57,33,713 fully paid-up equity shares on conversion of Foreign Currency Convertible Bonds (FCCBs) on Monday, as per an exchange filing.
“We hereby inform that pursuant to exercise of conversion option by International Finance Corporation (IFC) with respect to its entire 10,680 FCCBs with the Parag Milk Foods into equity shares, the Finance Committee of the Board of Directors of the company at its meeting approved the allotment of 57,33,713 fully paid-up equity shares of face value of Rs 10 each at a conversion price of Rs 135 per equity share to IFC,” the exchange filing read.
Paid-up equity shares of the company has increased from 11,93,75,841 (11.93 crore) to 12,51,09,554 (12.51 crore) fully paid-up equity Shares of face value of Rs 10 each. As far as the financial condition of the company saw a marginal uptick of 1 per cent in its consolidated net profit in the first quarter of the current financial year (Q1FY26) on a year-on-year (YoY) basis. The net profit rose to Rs 27.58 crore in Q1FY26 from Rs 27.30 crore in Q1FY25.
The financial results of the company revealed a 12 per cent surge in its revenue from operations, which rose to Rs 851.52 crore in the recently concluded quarter from Rs 757.93 crore in the corresponding period of the previous fiscal (Q1FY25). The company said that the business has delivered highest highest-ever quarter one revenue, witnessing volume growth of 5 per cent YoY, aided by healthy volume growth in its core categories.
