Palash Securities Limited — Important, 28-07-2025: General Updates

Palash Securities (PSL) has acquired 2.4 million equity shares of its subsidiary, Morton Foods (MFL), through a Rights Issue for Rs. 6.00 Cr. This increases PSL's total holding (including subsidiaries) to 61.27% in MFL. MFL operates in the FMCG sector, offering canned fruits, vegetables, jams, and ready-to-eat meals. While MFL's turnover has seen a decline from Rs. 50.79 Cr in FY22 to Rs. 35 Cr in FY24, this investment reinforces PSL's strategic footprint in the food processing segment.