MILKYMIST

- Milky Mist Dairy Food Limited announced the voting results and Scrutinizer's Report for the postal ballot conducted via remote e-voting from October 8 to November 6, 2026. - All six special resolutions, including ESOP ratification, grant modifications, Articles of Association amendments, and managerial remuneration approvals, were passed with the requisite majority.

- Milky Mist Dairy Food Ltd announced the voting results and Scrutinizer's Report for its postal ballot conducted between October 8, 2026, and November 6, 2026. - All six special resolutions were passed with the requisite majority by the members. - The resolutions included ratification and modification of grants under the Employee Stock Option Scheme 2025, amendments to the Articles of Association, and approval of remuneration for key executive directors including the Chairman and MD, and the CEO.

- Milky Mist Dairy Food Ltd announced the voting results of the postal ballot held through remote e-voting from October 8, 2026, to November 6, 2026. - All six special resolutions were passed with the requisite majority by the shareholders. - Key resolutions included the ratification and modification of the Employee Stock Option Scheme 2025, amendments to the Articles of Association, and approval of executive remuneration including excess managerial remuneration under Section 197.

Current scenario - Milky Mist Dairy reported a strong Q2 FY27 with revenue from operations growing 41.6% YoY to INR1,089 crores and EBITDA increasing 53.9% YoY to INR165.2 crores. - Profit after tax rose threefold to INR77.9 crores, supported by operational efficiencies, volume growth, capacity utilization, and product mix. - High-protein portfolio contribution to top-line sales grew to 12% to 13%, up from 7% last year. - Quick commerce channel contribution increased significantly to 21% of revenue in H1 FY27 compared to 11% in H1 FY26. Changes in trends - Retail inflation and input cost pressures remained significant, with cattle feed costs higher by 15% to 20% and milk procurement costs higher by 11% YoY. - Ice cream revenue increased by 43% YoY, benefiting from extended summer conditions, and yogurt grew by 168% YoY. Management Guidance & Outlook - Management expects to sustain H1 growth rates and maintain EBITDA margins around 15% for the second half of FY27. - High-protein product sales salience is projected to increase from 12% to 18%-20% over the next 2 to 3 years. - To augment capacity for its star product paneer, the company is exploring a 200 tons per day manufacturing facility at Perundurai, taking total capacity to 350 tons per day. Capex - Commissioned a new Greek yogurt and Skyr facility at Perundurai with an investment of INR40 crores, taking capacity up to 150 tons per day. - Maharashtra plant at Baramati is currently in the design, development, and approval stages, with milk procurement activities already initiated through bulk milk chillers. Growth Drivers - Expansion of retail footprint with over 400,000 retail touchpoints and 4,200 distributors. - Growing consumer awareness and demand for high-protein and clean-label value-added dairy products.

- Milky Mist Dairy Food Limited has informed the exchange about the audio recording link of the Earnings Conference Call held for the quarter and half year ended September 30, 2026. - The audio recording has been made available on the company website.

- Milky Mist Dairy Food Limited submitted its Investor Presentation for Q2 FY27. - Q2 FY27 Revenue from Operations stood at ₹1,089.40 Cr, up 41.58% YoY. - Q2 FY27 EBITDA reached ₹165.21 Cr with an EBITDA margin of 15.17%. - Q2 FY27 Profit After Tax (PAT) was ₹77.94 Cr, representing a 174.50% YoY increase. - Key new product launches included Skyr, Greek Yogurt, and High Protein Lactose-Free Milk.

- Milky Mist Dairy Food Limited has appointed M/s. B Chandra & Associates as Secretarial Auditors of the company. - The appointment is for a period of five consecutive years from FY 2026-27 till FY 2030-31. - The appointment is subject to shareholder approval at the ensuing Annual General Meeting.

Q2 FY27 Consolidated Revenue ₹1,089.40Cr vs ₹769.47Cr (▲41.6% YoY) EBITDA ₹157.48Cr vs ₹105.09Cr (▲49.9% YoY) PAT ₹77.94Cr vs ₹28.39Cr (▲174.5% YoY) EBITDA Margin 14.5% vs 13.7% (▲80bps)

Concall Schedule Concall Date: October 30, 2026 Concall Time: 9:30 AM IST

- Milky Mist Dairy Food Limited has launched Milky Mist High Protein Lactose-free Milk in a 250 ml pack on October 15, 2026. - The new product delivers 25g of protein per pack, catering to consumers seeking higher protein intake in their everyday diet. - The launch utilizes ultra-filtration technology and expands the company's value-added protein dairy portfolio in the domestic market.

- Milky Mist Dairy Food Limited has launched Milky Mist High Protein Milk in a 250 ml pack on October 15, 2026. - The product caters to the domestic market to target consumers seeking higher protein intake. - This launch expands the company's value-added protein category dairy product portfolio.

- Milky Mist Dairy Food Limited issued a voluntary clarification regarding recent media reports and social media posts concerning its Paneer products. - The company clarified that it has not received any notice, order, or communication from the FSSAI or the Tamil Nadu Food Safety Department regarding an inquiry. - The company assured that it will appropriately respond to any official communication if received.

- Milky Mist Dairy Food Limited has informed the stock exchanges about the change in its Corporate Identification Number (CIN). - The CIN has been updated from U15200TZ2014PLC020554 to L15200TZ2014PLC020554 following the listing of its equity shares on August 18, 2026. - The company's status has officially transitioned from 'Unlisted' to 'Listed' in the records of the Ministry of Corporate Affairs.

- Milky Mist Dairy Food Limited has issued a Postal Ballot Notice seeking shareholder approval for six special resolutions. - Key proposals include ratification and modification of the Employee Stock Option Scheme 2025 and amendments to the Articles of Association. - Approvals are sought for the remuneration payable to Mr. Sathishkumar T (Chairman and Managing Director) and Dr. K Rathnam (Whole-time Director and CEO), along with approval for aggregate managerial remuneration exceeding Section 197 limits. - The remote e-voting period commences on October 8, 2026, and ends on November 6, 2026, with results to be declared by November 9, 2026.

- Milky Mist Dairy Food Limited has commissioned a new 10 MW solar power plant at Arasanoor, bringing total renewable capacity to 41 MW. - The total investment for the 25 MW solar capacity at Arasanoor stands at approximately Rs. 109.60 crore. - The new capacity helps the company achieve 100% energy self-sufficiency and is expected to avoid around 16,000 tonnes of carbon emissions annually.

- Concall/Investor Meeting Schedule - Date: September 29, 2026 - Senior Management will meet analysts and investors in Mumbai.

- Concall Schedule - Concall Date: September 28, 2026 - Company management will participate in the Nuvama Institutional Equities' 'Emerging India CEO Forum' at Grand Hyatt, Mumbai for group and one-on-one meetings.

- Milky Mist Dairy Food Limited commissioned a new Skyr and Greek Yogurt manufacturing plant using Ultrafiltration Technology on September 10, 2026. - The new facility involved an investment of approximately INR 40 crore, expanding processing capacity to up to 150 tonnes per day. - This strengthens the company's high-protein growth platform, supports future revenue growth, and addresses rapidly increasing demand (over 50% annual growth since 2022).

- Milky Mist Dairy Food Limited commissioned a new Skyr and Greek Yogurt manufacturing plant at Perundurai, Tamil Nadu, on September 10, 2026. - The plant has a processing capacity of up to 150 tonnes per day. - The investment for this plant was approximately ₹40 Crores, funded by internal accruals and IPO proceeds, to cater to growing demand for high-protein products.

- Revised Schedule of Analyst/Investor Meetings - Meetings on: September 10, 2026 and September 11, 2026 - Location: Mumbai - Senior Management to participate in group and/or one-on-one meetings with analysts and investors.

- Q1 FY27 Consolidated Revenue grew by 44% YoY to ₹973.45 Cr, driven by strong demand across product portfolio and markets. - EBITDA Margin expanded to 14.9% in Q1 FY27 from 12.24% in Q1 FY26. PAT margin stood at 6.6% (₹64.67 Cr). - Strong category-wise growth: Paneer (▲34% YoY), Cheese (▲38% YoY), Curd (▲27% YoY), Ice Cream (▲60% YoY), Yogurt (▲153% QoQ). - Commissioned a new cheddar cheese plant with 120 metric tons/day capacity. - Management anticipates EBITDA margins to expand, potentially reaching 17-18% in 3-4 years due to scale benefits and product mix. - Plans to deploy over 50,000 visi coolers in next three fiscal years to expand retail footprint. - Capex of ₹700 Cr (from DRHP/RHP) plus ₹380 Cr WIP for whey protein concentrate plant, lactose, natural and processed cheese, and yogurt capacity additions. - Targeting revenue potential of 3x to 3.5x of FY26 numbers from current plant capacities. - Expects value-added dairy market to grow from ₹5.5 trillion (FY25) to ₹9.9-10 trillion (FY30). - Expanding milk procurement network and setting up new facilities in Maharashtra to support growth.

- Analyst/Investor Meeting Schedule - Meeting Date: September 9-11, 2026 - Location: Mumbai for group and one-on-one meetings with analysts and investors

- Milky Mist Dairy Food Limited announced the audio recording link for its Earnings Conference Call with analysts/investors, held post Q1 FY27 results (quarter ended June 30, 2026), is available on its website at https://www.milkymist.com/analyst-and-investor-conferences.

- Concall Schedule - Concall Date: September 1, 2026

- Milky Mist Dairy Food Limited has issued a Press Release and Investor Presentation for its Q1 FY27 earnings. - A Post Earnings Conference Call with Analysts/Investors is scheduled for September 1, 2026.

- Board of Directors approved modification of ESOP vesting schedule and ratification of the Milky Mist Dairy Food – Employee Stock Option Scheme 2025 (ESOP 2025), involving 16,64,836 stock options. - These proposals are subject to shareholder approval via Postal Ballot to benefit eligible employees and directors.

- Board of Directors of Milky Mist Dairy Food Limited approved the alteration of the Articles of Association (AoA) on August 31, 2026. - The amendment involves deleting Part B of the AoA, previously incorporated due to a Shareholders' Agreement (SHA) with GRAND ANICUT FUND 1, which has now terminated. - The change is subject to shareholder approval via Postal Ballot and aims to align the AoA with current regulatory and governance requirements.

- Q1 FY27 Consolidated Revenue ₹973.45 Cr vs ₹678.09 Cr (▲43.6% YoY) - EBITDA ₹144.89 Cr vs ₹83.02 Cr (▲74.5% YoY) - PAT ₹64.68 Cr vs ₹6.53 Cr (▲889.81% YoY) - EBITDA Margin 14.88% vs 12.24% (▲264bps)

- Q1 FY27 Consolidated Revenue ₹973.45Cr vs ₹678.09Cr (▲43.6% YoY) - EBITDA ₹143.80Cr vs ₹81.26Cr (▲77.0% YoY) - PAT ₹64.68Cr vs ₹6.53Cr (▲890.0% YoY) - EBITDA Margin 14.8% vs 12.0% (▲280bps)

- Milky Mist Dairy Food Limited received an upgraded credit rating from CRISIL for its total bank loan facilities of ₹1747 Crore. - Long Term Rating upgraded to Crisil A+/Stable from 'Crisil A-/Positive'. - Short Term Rating upgraded to Crisil A1 from 'Crisil A2+'.

- Concall Schedule - Concall Date: September 1, 2026 - Concall Time: 10:30 a.m. (IST)

- Intimation for closure of Trading Window for Designated Persons and their immediate relatives. - Reason: Declaration of Q1 FY27 financial results (quarter ended June 30, 2026). - Trading window closed until September 2, 2026.