Parag Milk Foods Limited: Regulatory Compliance and Financial Transparency Update

Parag Milk Foods Limited (PML), listed on the National Stock Exchange (NSE) under the symbol PARAGMILK and on the Bombay Stock Exchange (BSE) under the scrip code 539889, has recently fulfilled a series of regulatory obligations and provided updated financial disclosures for the quarter ended 31 December 2025.

Regulatory Compliance

On 5 February 2026, PML notified both the NSE and BSE that it had submitted a Statement of no deviation or variation under Regulation 32 for the quarter ended 31 December 2025. The same day, the company released a Monitoring Agency Report covering the same period, confirming that all statutory disclosures were met and that no material breaches had been identified.

A separate communication dated 4 February 2026 outlined the company’s response to a fine imposed by the NSE and BSE for a marginal delay in compliance with Regulation 23(9) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations. PML clarified that the delay was inadvertent, that corrective measures had been enacted, and that no further regulatory action was anticipated.

Investor Communication

In line with its commitment to transparency, PML held a Board meeting on 4 February 2026, during which it approved the release of unaudited financial results for the quarter and nine months ended 31 December 2025. The Board also sanctioned an investor presentation detailing these results, which was subsequently made available on both the NSE and BSE websites.

The company’s Press Release (dated 4 February 2026) highlighted the key outcomes of the Board meeting and reiterated its adherence to the Listing Obligations and Disclosure Requirements (LODR). The release also confirmed that the unaudited financial statements would be filed with the regulatory authorities in accordance with statutory timelines.

Financial Snapshot

  • Close price (3 Feb 2026): ₹262.55
  • 52‑week high (12 Nov 2025): ₹376.95
  • 52‑week low (2 Mar 2025): ₹135.49
  • Market capitalization: ₹31.30 billion
  • Price‑to‑earnings ratio: 24.13

PML’s robust product portfolio—spanning ghee, milk, paneer, dairy spreads, whey protein, and sports nutrition items under brands such as Gowardhan, Go, and Topp Up—continues to anchor its revenue streams in both domestic and international markets.

Forward‑Looking Outlook

The timely compliance with SEBI and exchange regulations, coupled with the forthcoming audited financials, positions PML favorably for sustained investor confidence. The company’s focus on product diversification and geographic expansion is expected to mitigate market volatility and drive long‑term growth. Stakeholders should monitor the upcoming audit report and any further disclosures from the Board for deeper insights into operational performance and strategic initiatives.