Milky Mist shares fall after FSSAI clarification
In short
Milky Mist shares fell 5% after the company said it had not received any specific notice, order, or communication from FSSAI or the Tamil Nadu Food Safety Department about an inquiry into its paneer products.
This matters because the stock moved even after the clarification. It is still not clear whether any official action is underway.
What the reporting says
Milky Mist shares fell 5% after the company clarified it had not received any specific notice, order, or communication from FSSAI or the Tamil Nadu Food Safety Department about an inquiry into its paneer products. The available reporting does not state when the clarification was made or what triggered the market reaction. The immediate effect was a drop in the stock, while the underlying regulatory status remains unclear.
Why it matters
Milky Mist said it had not received any specific notice, order, or communication from FSSAI or the Tamil Nadu Food Safety Department regarding an inquiry into its paneer products, yet its stock fell 5%. The reporting does not show any formal action from regulators, and the reason for the share-price decline is not stated. The move matters to investors and the company because it affects market sentiment around food-safety scrutiny.