Parag Milk Foods Ltd. ( (IN:PARAGMILK) ) has issued an announcement.
Parag Milk Foods Ltd. has received a penalty order from the Additional District Magistrate of Meerut under the Foods Safety and Standards Act, 2006, amounting to a total of Rs. 5 Lakh for specific violations. The company has stated that the financial impact is limited to the penalty amount and there are no operational disruptions. Parag Milk Foods plans to appeal the order, indicating a proactive approach to addressing the issue.
More about Parag Milk Foods Ltd.
Parag Milk Foods Ltd. operates in the dairy industry, focusing on the production and distribution of milk and milk-based products. The company is known for its wide range of dairy offerings, catering to both domestic and international markets.
YTD Price Performance: -23.29%
Average Trading Volume: 59,114
Current Market Cap: 17.22B INR
See more insights into PARAGMILK stock on TipRanks’ Stock Analysis page.