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

🚨 #PalashSecurities Update: Morton Foods (MFL), previously a material unlisted subsidiary, completed a Rights Issue, raising ₹10.26 Cr by allotting 44.61 lakh shares.

Palash Securities (PSL) chose *not* to participate in this offer. As a direct consequence, PSL's equity holding in MFL has reduced to 44.95%, meaning MFL is no longer a subsidiary of PSL. This significantly shifts PSL's investment portfolio and potential future financial reporting.