Parag Milk Foods Limited informed that the Company has received an Order from the Additional District Magistrate, Administration of Meerut levying penalty under section 51 of the Foods Safety and Standards Act, 2006. The order is appealable and the Company is planning to take suitable action on the same. Case No.: 1307/2023.
Name of the authority: Additional District Magistrate, Administration of Meerut. Nature and details of the action(s) taken, or order(s) passed: Penalty of INR 0.2 million imposed for aforesaid case no. and Penalty of INR 0.3 million imposed for aforesaid case no.
Date of receipt of direction or order, including any ad-interim or interim orders, or any other communication from the authority: March 2, 2025. Details of the violation(s) /contravention(s) committed or alleged to be committed: The Company has received a penalty order of INR 0.2 million under section 51 of the Foods Safety and Standards Act, 2006 for violation of section 26 (2) read with section 3 (1) (zx) of the Foods Safety and Standards Act, 2006. The Company has received a penalty order of INR 0.3 million under section 51 of the Foods Safety and Standards Act, 2006 for violation of section 26 (2) read with section 3 (1) (zx) of the Foods Safety and Standards Act, 2006.
Impact on financial, operation or other activities of the listed entity, quantifiable in monetary terms to the extent possible: The financial impact of the Order is to the extent of the penalty levied. There is no impact on operations or other activities of the Company due to the Order. The order is appealable and the Company is planning to take suitable action on the same.
