Palash Securities News

Palash Securities Board Meet Set for Feb 13, 2026

Palash Securities Limited has scheduled a board meeting on February 13, 2026, to consider and approve unaudited financial results for Q3 FY26 and nine months ended December 31, 2025.

Morton Foods Ceases to be Material Subsidiary of Palash Securities After Rights Issue

Morton Foods Limited completed a rights issue raising Rs. 10.26 crores by allotting 44,61,454 equity shares at Rs. 23 per share, which Palash Securities declined to participate in. Following the rights issue completion, Palash Securities' shareholding in Morton Foods reduced to 44.95%, causing Morton Foods to cease being a material unlisted subsidiary of Palash Securities with effect from November 18, 2025.

Palash Securities Reports Standalone Net Loss of ₹57.93 Lakhs for Q2 FY26

Palash Securities Limited posted a standalone net loss of ₹57.93 lakhs for the quarter ended September 30, 2025, compared to a profit of ₹40.54 lakhs in the same period last year. On a consolidated basis, the company reported a net loss of ₹274.19 lakhs for the quarter, with subsidiary Morton Foods Limited continuing to face material uncertainty regarding its going concern status due to substantial erosion of net worth.

Palash Securities Reports Quarterly Financial Results for Quarter Ended June 30, 2025

Palash Securities Limited approved and released unaudited financial results for the quarter ended June 30, 2025, during a board meeting held on August 14, 2025. The company operates in two business segments: investing business and food processing. The consolidated results include five subsidiaries: Morton Foods Limited, Hargaon Investment & Trading Company Limited, OSM Investment & Trading Company Limited, Hargaon Properties Limited, and Champaran Marketing Company Limited. Morton Foods Limited reported a net loss of Rs. 299.44 Lakhs during the quarter, with substantially eroded net worth raising going concern uncertainties. The auditors noted that Morton Foods Limited has recognized Deferred Tax Asset of Rs. 450.53 Lakhs up to March 31, 2022, based on future profitability projections, though no further DTA was recognized during the quarter. The financial results were prepared in accordance with Indian Accounting Standards and reviewed by statutory auditors.