{"url":"https://newsforagent.com/news/2026-10-30/parag-milk-foods-redeems-ifc-debentures","markdown_url":"https://newsforagent.com/news/2026-10-30/parag-milk-foods-redeems-ifc-debentures.md","title":"Parag Milk Foods Redeems ₹71.83 Crore IFC Debentures Early","headline":"Parag Milk Foods Redeems ₹71.83 Crore of IFC-Held Debentures Nearly Three Years Before Maturity","description":"Parag Milk Foods redeemed ₹71.83 crore of IFC-held non-convertible debentures on October 30, 2026, clearing all principal on the instrument before its June 2029 maturity.","section":"Dividends & Buybacks","published_at":"2026-10-30T14:41:09+00:00","modified_at":"2026-10-30T14:41:09+00:00","author":"News Desk","key_takeaways":["Parag Milk Foods redeemed ₹71.83 crore of non-convertible debentures held by the International Finance Corporation on October 30, 2026.","The redemption covers about 47.9% of the original ₹150 crore issuance allotted on May 18, 2021, and leaves no outstanding principal on the instrument.","The debentures were scheduled to mature on June 15, 2029, so the repayment came nearly three years early."],"companies":[{"name":"Parag Milk Foods","is_primary":true,"profile_url":"https://akta.pro/company-profiles/00041f1/parag-milk-foods","website":"http://www.paragmilkfoods.com"},{"name":"International Finance Corporation","is_primary":false,"profile_url":"https://akta.pro/company-profiles/005o2dv/international-finance-corporation","website":"https://ifc.org"}],"source":{"publisher":"ScanX","title":"Parag Milk Foods redeems ₹71.83 crore IFC NCDs ahead of schedule","url":"https://scanx.trade/stock-market-news/companies/parag-milk-foods-redeems-71-83-crore-ifc-ncds-ahead-schedule/54914979"},"other_sources":[],"tags":["Dividends & Buybacks","Parag Milk Foods","International Finance Corporation"],"body_markdown":"Parag Milk Foods redeemed ₹71.83 crore of non-convertible debentures held by the International Finance Corporation on October 30, 2026, nearly three years before their June 15, 2029 maturity. [ScanX](https://scanx.trade/stock-market-news/companies/parag-milk-foods-redeems-71-83-crore-ifc-ncds-ahead-schedule/54914979) reported the redemption, which the company disclosed under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.\n\n## How the IFC Debenture Redemption Worked\n\n[Parag Milk Foods](https://akta.pro/company-profiles/00041f1/parag-milk-foods) is a publicly listed Indian dairy company that makes value-added products such as cheese, ghee, paneer, UHT milk and protein supplements under brands including Gowardhan, Go, Pride of Cows, Topp Up and Avvatar. The debentures were unlisted, secured and redeemable, originally allotted on May 18, 2021, in an issuance of 1,500 debentures with a face value of ₹10 lakh each, aggregating to ₹150 crore.\n\nThe ₹71.83 crore repaid represents approximately 47.9% of that original issuance size. The company confirmed that no outstanding principal amount remains payable on these specific NCDs.\n\nThe debtholder, the [International Finance Corporation](https://akta.pro/company-profiles/005o2dv/international-finance-corporation), is the private-sector arm of the World Bank Group. Its Managing Director Makhtar Diop met Ghana's finance minister Dr Cassiel Ato Forson in September 2026 to discuss private-sector-led growth in commercial agriculture, value addition and job creation, with sugar, cocoa, palm oil and poultry as priority areas, according to BusinessGhana.\n\n## Parag Milk Foods' Financial Scale\n\nAccording to akta.pro [company records](https://akta.pro/company-data), Parag Milk Foods reported full-year FY26 revenue of Rs 3,818 crore, up 11% year on year, and full-year FY26 net profit of Rs 152.39 crore, up 15%. The records show Q4 FY26 revenue of Rs 945 crore, up 3% year on year. The company was founded in 1992 and is headquartered in Manchar, India.\n\n## Expansion Moves Before the Repayment\n\nIn September 2026, Parag Milk Foods announced a ₹100 crore investment to expand paneer capacity from 20 MT/day to 80 MT/day, with commissioning by June 2027, ScanX reported. The same month, CNBC TV18 reported that executive director Akshali Shah said the company aims to reach ₹10,000 crore revenue in three to four years with EBITDA margins of 13-14%. In August 2026, Financial Express reported that Parag Milk Foods plans to double cheese production capacity to 120 metric tonnes per day in India with a ₹105 crore investment, expected to finish by FY28.\n\n## What Comes Next for Parag Milk Foods\n\nThe paneer capacity expansion is scheduled for commissioning by June 2027, and the cheese capacity addition is expected to be completed by FY28.\n","publisher":{"name":"News for Agent","url":"https://newsforagent.com"}}