Ganges Securities Limited — Board Meeting, 27-06-2025: Outcome of Board Meeting

Ganges Securities has announced a board meeting approving key investments: an unsecured loan or investment of up to Rs. 15 Cr in Morton Foods Limited (MFL), pending shareholder approval; an additional purchase of equity shares in Chambal Fertilisers & Chemicals Ltd worth up to Rs. 13 Cr via open market acquisitions, raising its stake marginally to 0.61%; and the acquisition of 6.7 lakh shares in MFL at Rs. 25 each from a promoter group entity, increasing its shareholding to 19.84%, also subject to shareholder approval. The company does not intend to assume management control in either investee.