Parag Milk Foods has moved to reclassify Vitalia Tradeglob Private Limited from the ‘promoter group’ category to the ‘public’ category. The company submitted an application on 11 May 2026 to both the National Stock Exchange of India (NSE) and BSE Limited (BSE) for the necessary approvals.
This decision follows the approval from Parag Milk Foods‘ Board of Directors during a meeting held on 7 May 2026. Vitalia Tradeglob, which is part of the promoter group but holds no shares in the company, requested this reclassification in accordance with Regulation 31A of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
The reclassification is contingent upon receiving no objection or approval from the stock exchanges and any other required consents. The company aims to comply with the regulatory framework set by SEBI for such reclassifications.
Parag Milk Foods is awaiting the necessary confirmations from NSE and BSE to proceed with the reclassification.
Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).