Milkfood Ltd manufactures and sells dairy productsBusiness Overview: MFL is a part of the Jagatjit Group of Industries. It carries ISO 22000:2005, ISO 14001:2004, Kosher and other important food & safety certification in milk and milk based products
Milkfood has allotted 22 Lakhs convertible warrants on a preferential basis to non-promoter investors at ₹30 each, raising 25% upfront. This move secures future capital infusion of ₹6.60 Cr upon full conversion into equity within 18 months, boosting long-term financial flexibility.
Outcome of Board Meeting- Allotment of 22,00,000 Convertible Warrants
The company explained the delay in filing its financial results was primarily due to unforeseen operational challenges impacting data consolidation and ongoing complexities with the audit process. Management is actively working with auditors to expedite completion. Shareholders should note that the company is committed to submitting the financial results for...
Milkfood Limited has announced a credit rating update from Infomerics Valuation and Rating Ltd. The company's long-term and short-term bank facilities rating has been re-affirmed at 'IVR BB+/Stable'. Significantly, the rating outlook has been revised from 'Negative' to 'Stable', indicating improved confidence in the company's financial stability. This positive shift...
Milkfood Limited has announced its 53rd Annual General Meeting (AGM) will be held on Thursday, September 24, 2026, at 9:00 a.m. at its registered office. The company's Register of Members and Share Transfer Books will be closed from September 17 to September 24, 2026, for this purpose. Remote e-voting will...
