Parag Milk Foods Limited at its board meeting held on June 29, 2020 announced that Mr. Venkat Shankar the Chief Executive Officer (CEO) of the Company has resigned as CEO with immediate effect because of his personal situation as he has to reallocate to Chennai. He continues to be associated with the Company in an advisory and consultancy capacity. He will continue to advise and assist the Company in regard to its strategic growth and implementation of its business plans.