Palash Securities Limited — Board Meeting, 15-05-2025: Outcome of Board Meeting

Palash Securities Limited has announced a board meeting on 15th May 2025, approving the audited consolidated financial results for the quarter and year ended March 31, 2025. The group posted a net loss of Rs. 17.50 Cr, primarily due to setbacks at its subsidiary Morton Foods Limited, which faces auditor qualifications on deferred tax assets and going concern status. No dividend was declared. Management changes include appointing M/s M R & Associates as Secretarial Auditors for five years and M/s M Parasrampuria & Co. as Internal Auditors for FY 2025-26. The board also approved selling equity in Morton Foods to boost liquidity and explore new opportunities.