Parag Milk Foods has executed a sale deed with Rajat & Company Commodities for sale of its Sonipat Unit located at Plot No. 2266-2268, Food Park, Phase-2, HSIIDC Industrial Estate-Rai, Sonipat, Haryana (Sonipat Unit), on May 7, 2025 for monetization of assets. Size of agreement is Rs 17.11 crore.
Further, the sale of the Sonipat Unit does not constitute as an undertaking or substantially the whole of the undertaking for the Company in terms of section 180(1)(a) of the Companies Act, 2013.
Parag Milk Foods is engaged in the business of procurement of cow milk mainly in western and southern region, undertakes processing of milk and manufacture of various value added products namely cheese, butter, ghee, fresh cream, milk powder, flavoured milk, lassi, curd etc. which are marketed under its registered brand name ‘Gowardhan’, ‘Go’, ‘Topp up’ and ‘Avvatar’.
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