Palash Securities Limited — Important, 18-11-2025: Disclosure of material issue

**Palash Securities Ltd (PSL) Update:**

* PSL's equity holding in Morton Foods Ltd (MFL) has decreased to 44.95% following MFL's recent Rights Issue.

* MFL raised Rs 10.26 Cr by allotting 44.61 lakh new equity shares at Rs 23 each (Rs 10 face value + Rs 13 premium).

* **Issue:** PSL deliberately chose not to participate in MFL's Rights Issue.

* **Impact:** As a result, MFL is no longer a subsidiary of PSL. This signifies a fundamental shift from PSL having control over MFL to holding a significant, but non-controlling, equity stake. Investors should note this change in PSL's operational and accounting relationship with MFL.