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Ganges Securities Limited (GANGESSECU)

📊 NSE: GANGESSECU 🏢 Finance & Investments 📅 Last Updated: 12/13/2025 22:17

📢 Recent Corporate Announcements

Ganges Securities Q1 PAT up 18% to ₹1.22 Cr; Proposes ₹15 Cr Unsecured Loan

🔵 WATCH ⭐ 7/10

EARNINGS 📅 13 Aug 2026, 05:17 PM

Ganges Securities reported a consolidated net profit of ₹1.22 Cr for Q1 FY27, an 18.4% increase from ₹1.03 Cr in the same quarter last year. Consolidated revenue grew 21% YoY to ₹7.70 Cr, primarily driven by the Tea Business segment which contributed ₹7.12 Cr. A significant development is the board's approval to grant an unsecured loan of up to ₹15 Cr to Morton Foods Limited, which is approximately 1.5x the company's TTM revenue of ₹10 Cr. This loan is subject to shareholder approval and represents a major capital allocation decision for a company with a ₹118 Cr market cap.

Consolidated revenue for Q1 FY27 increased to ₹7.70 Cr from ₹6.36 Cr in Q1 FY26.
Consolidated Net Profit rose to ₹1.22 Cr compared to ₹1.03 Cr in the previous year's corresponding quarter.
Proposed an unsecured loan of up to ₹15.00 Cr to Morton Foods Limited, subject to shareholder approval.
Tea Business segment revenue stood at ₹7.12 Cr, accounting for 92% of total consolidated revenue.
Other Comprehensive Income (OCI) showed a gain of ₹60.41 Cr due to fair value changes in investments, significantly impacting total comprehensive income.

💡 Investors should monitor the upcoming shareholder vote regarding the ₹15 Cr unsecured loan and track the operational stability of the tea subsidiary, Cinnatolliah Tea Ltd, given its history of internal control issues.

Ganges Securities Q1 PAT at ₹1.22 Cr; Board Approves ₹15 Cr Loan to Morton Foods

🟡 NEUTRAL ⭐ 6/10

EARNINGS 📅 13 Aug 2026, 05:12 PM

Ganges Securities reported a consolidated net profit of ₹1.22 crore for Q1 FY27, a 18.4% increase from ₹1.03 crore in the year-ago period. Consolidated revenue grew to ₹7.70 crore, largely driven by the tea business segment which contributed ₹7.12 crore. A significant development is the board's approval of an unsecured loan of up to ₹15 crore to Morton Foods Limited, subject to shareholder approval. This proposed loan is substantial, representing approximately 150% of the company's TTM revenue of ₹10 crore.

Consolidated revenue for Q1 FY27 rose to ₹7.70 crore from ₹6.36 crore in Q1 FY26.
Tea business segment revenue increased to ₹7.12 crore, representing 92.4% of total consolidated revenue.
Consolidated net profit improved to ₹1.22 crore against ₹1.03 crore YoY.
Board approved an unsecured loan of up to ₹15.00 crore to Morton Foods Limited on an arm's length basis.
Standalone interest income remained nearly flat at ₹56.67 lakhs compared to ₹55.72 lakhs YoY.

💡 Investors should monitor the shareholder voting outcome regarding the ₹15 crore loan and track the tea segment's profitability, which recovered from a loss in the previous quarter to a ₹56.57 lakh profit.

Ganges Securities 12th AGM: Shareholders Approve FY26 Financials and Director Re-appointment

🟡 NEUTRAL ⭐ 3/10

ROUTINE 📅 11 Aug 2026, 04:21 PM

Ganges Securities Limited concluded its 12th Annual General Meeting on August 11, 2026, with all resolutions passed by the requisite majority. Shareholders approved the standalone and consolidated financial statements for the year ended March 31, 2026, with 99.99% of votes in favor. Additionally, Ms. Nandini Nopany was re-appointed as a Director, receiving 99.85% approval. The company, with a market cap of Rs 118 Cr, continues to rely heavily on its tea subsidiary and investment portfolio for revenue.

74,26,468 votes (99.9995%) cast in favor of adopting the FY26 Audited Financial Statements.
73,47,952 votes (99.8499%) approved the re-appointment of Ms. Nandini Nopany as Director.
Total of 73 shareholders participated in the voting process via remote e-voting and e-voting during the AGM.
Promoter group, holding 66.64% of the company, cast 66,66,035 votes in favor of the financial adoption resolution.
Only 36 votes (0.0005%) were cast against the adoption of financial statements.

💡 Investors should focus on the upcoming quarterly results to track the recovery of the tea subsidiary, Cinnatolliah Tea Ltd, and monitor if internal control measures have improved following previous misappropriation issues.

Ganges Securities Shareholders Approve FY26 Financials and Director Re-appointment at 12th AGM

🟡 NEUTRAL ⭐ 3/10

ROUTINE 📅 11 Aug 2026, 03:19 PM

Ganges Securities concluded its 12th Annual General Meeting on August 11, 2026, with all resolutions passed by the requisite majority. Shareholders approved the Standalone and Consolidated Financial Statements for FY26 with 99.9995% assent. The re-appointment of Director Ms. Nandini Nopany was also confirmed with 99.85% of votes in favor. Total votes polled represented approximately 74.2% of the total equity, largely driven by the 66.6% promoter holding.

Resolution for adoption of FY26 financial statements passed with 7,426,468 votes in favor (99.9995%)
Director Ms. Nandini Nopany re-appointed with 7,347,952 votes in favor (99.8499%)
Total of 5,647 shareholders were eligible to vote as of the August 04, 2026 cut-off date
Promoter group participation was 100% of their holding for the financial statement resolution with 6,666,035 votes
Public non-institutional voting participation stood at approximately 22.8% of their category

💡 As this was a routine AGM, investors should focus on the upcoming quarterly results to track the recovery of the tea subsidiary and the performance of the investment portfolio.

Ganges Securities Schedules 12th AGM for August 11, 2026

🟡 NEUTRAL ⭐ 2/10

ROUTINE 📅 20 Jul 2026, 11:50 PM

Ganges Securities Limited has announced its 12th Annual General Meeting (AGM) to be held on August 11, 2026, via video conferencing. The company has dispatched notices and the Annual Report for FY 2025-26 to shareholders, including those without registered email addresses via physical letters with web links. Key administrative dates include a voting cut-off of August 4, 2026, and an e-voting window from August 7 to August 10, 2026. This is a standard regulatory filing for a company with a market capitalization of ₹116 Cr.

12th Annual General Meeting (AGM) scheduled for August 11, 2026
Cut-off date for e-voting eligibility set for August 04, 2026
e-Voting period runs from August 7, 2026 (09:00 AM) to August 10, 2026 (05:00 PM)
Company reported TTM revenue of ₹10 Cr and a market cap of ₹116 Cr
Mandatory KYC update reminder issued for physical security holders as per SEBI circular dated May 7, 2024

💡 Investors should review the Annual Report for FY 2025-26, specifically looking for updates on the performance of the tea subsidiary (Cinnatolliah Tea Ltd) and any progress on internal control improvements following previous misappropriation issues.

Ganges Securities to Hold 12th AGM on August 11, 2026; Special Resolution for Director Re-appointment

🟡 NEUTRAL ⭐ 3/10

ROUTINE 📅 20 Jul 2026, 06:10 PM

Ganges Securities Limited has scheduled its 12th Annual General Meeting (AGM) for August 11, 2026, to be conducted via video conferencing. The primary agenda includes the adoption of audited standalone and consolidated financial statements for FY26. A significant item for shareholder approval is the re-appointment of Ms. Nandini Nopany as a Director, which requires a Special Resolution as she has exceeded 75 years of age. The company has also announced a book closure period from August 5 to August 11, 2026.

12th Annual General Meeting scheduled for August 11, 2026, at 11:00 A.M. via VC/OAVM
Book closure period for the purpose of the AGM set from August 5, 2026, to August 11, 2026
Special Resolution proposed for the re-appointment of Ms. Nandini Nopany, who has attained 75 years of age
VC participation facility limited to 1,000 shareholders on a first-come-first-served basis
Special window for re-lodgement of physical share transfer requests provided until February 4, 2027

💡 Investors should review the FY26 Annual Report for updates on the recovery of the tea subsidiary and monitor the voting results of the Special Resolution regarding board composition.

Ganges Securities Submits Quarterly SEBI Regulation 74(5) Compliance Certificate

🟡 NEUTRAL ⭐ 2/10

ROUTINE 📅 13 Jul 2026, 03:12 PM

Ganges Securities Limited has filed its quarterly compliance certificate under Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018 for the quarter ended June 30, 2026. The certificate, issued by its Registrar and Share Transfer Agent (RTA), MUFG Intime India Private Limited, confirms that physical share certificates received for dematerialization were processed and cancelled. The names of the depositories have been updated in the register of members as the registered owners. This is a standard procedural filing required for all listed entities in India.

Compliance certificate issued for the quarter ended June 30, 2026
MUFG Intime India Private Limited (formerly Link Intime) acted as the RTA
Confirmation that securities received for dematerialization were listed on the stock exchanges
Physical certificates were mutilated and cancelled after due verification within prescribed timelines

💡 This is a routine administrative filing. Investors should monitor the company's upcoming quarterly financial results to assess the performance of its tea subsidiary and investment portfolio.

Trading Window Closure from July 01, 2026, for Q1 FY27 Financial Results

🟡 NEUTRAL ⭐ 2/10

ROUTINE 📅 27 Jun 2026, 03:04 PM

Ganges Securities Limited has announced the closure of its trading window for all designated persons starting July 01, 2026. This action is in compliance with SEBI (Prohibition of Insider Trading) Regulations, 2015, ahead of the financial results for the quarter ending June 30, 2026. The window will remain closed until 48 hours after the results are officially declared. This is a standard procedural requirement for all listed entities in India.

Trading window closure effective from July 01, 2026
Closure pertains to the financial results for the quarter ending June 30, 2026
Restriction applies to all Designated Persons and their immediate relatives
Window to reopen 48 hours after the announcement of financial results

💡 Monitor the company's future filings for the specific date of the Board Meeting where Q1 FY27 results will be approved.

Ganges Securities: SIL Investments Reports No New Share Encumbrances for FY26

🟢 POSITIVE ⭐ 4/10

REGULATORY 📅 09 Jun 2026, 12:11 PM

SIL Investments Limited, a promoter group entity of Ganges Securities Limited, has filed a declaration under Regulation 31(4) of the SEBI (SAST) Regulations. The filing confirms that the promoter, along with persons acting in concert (PAC), did not create any new encumbrances on their shareholding during the financial year ended March 31, 2026. This annual disclosure is a standard compliance requirement to ensure transparency regarding the pledging of promoter shares.

Declaration submitted in compliance with Regulation 31(4) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.
Confirms no new direct or indirect encumbrances were made on Ganges Securities shares during FY 2025-26.
The disclosure was issued by SIL Investments Limited on behalf of itself and persons acting in concert.
The filing was submitted to both BSE and NSE on April 7, 2026, following the close of the financial year.

💡 This is a routine regulatory filing that confirms the stability of the promoter's holding without new pledges. Investors should maintain their current positions as this indicates no new financial stress at the promoter level.

Ganges Securities FY26 Net Profit Rises 11.6% to ₹4.34 Cr; No Dividend Declared

🟡 NEUTRAL ⭐ 7/10

EARNINGS 📅 14 May 2026, 05:33 PM

Ganges Securities reported a steady performance for the financial year ended March 31, 2026, with total income rising slightly to ₹827.56 lakhs from ₹812.18 lakhs in the previous year. Net profit after tax saw an 11.6% increase, reaching ₹433.64 lakhs compared to ₹388.54 lakhs in FY25. However, the company reported a massive loss in Other Comprehensive Income of ₹15,333.34 lakhs, likely reflecting significant volatility in its investment portfolio. The Board has decided not to recommend any dividend for the fiscal year, and M/s M Parasrampuria & Co. has been re-appointed as internal auditors.

Net Profit for FY26 increased to ₹433.64 lakhs from ₹388.54 lakhs in FY25.
Total Revenue from Operations grew marginally to ₹797.42 lakhs from ₹786.95 lakhs.
The company reported a significant Other Comprehensive Loss of ₹15,333.34 lakhs for the year.
Board of Directors did not recommend any dividend for the equity shares for FY26.
M/s M Parasrampuria & Co. re-appointed as Internal Auditors for the financial year 2026-27.

💡 Investors should investigate the underlying assets causing the large Other Comprehensive Income losses, as this significantly impacts the company's book value. The lack of dividend despite profit growth suggests a conservative capital preservation strategy.

Ganges Securities FY26 Net Profit Rises 11.6% to ₹4.34 Cr; No Dividend Declared

🟡 NEUTRAL ⭐ 7/10

EARNINGS 📅 14 May 2026, 05:30 PM

Ganges Securities reported a steady growth in its bottom line for the financial year ended March 31, 2026, with standalone net profit rising to ₹4.34 crore from ₹3.89 crore in the previous year. Total income saw a marginal increase to ₹8.28 crore, primarily supported by interest and dividend income. However, the company recorded a massive total comprehensive loss of ₹109 crore due to significant negative fair value adjustments on its investment portfolio. Despite the profit growth, the board has opted not to recommend any dividend for the fiscal year.

Net Profit for FY26 increased by 11.6% YoY to ₹4.34 crore compared to ₹3.89 crore in FY25.
Total Revenue from Operations grew slightly to ₹7.97 crore from ₹7.87 crore in the previous fiscal.
Reported a significant Total Comprehensive Loss of ₹109 crore for FY26, driven by a ₹153.34 crore negative swing in investment valuations.
The Board of Directors did not recommend any dividend for the financial year ended March 31, 2026.
M/s M Parasrampuria & Co. re-appointed as Internal Auditors for the financial year 2026-27.

💡 Investors should note the stable core profitability but remain cautious regarding the high volatility in the company's investment portfolio as evidenced by the large comprehensive loss. The decision to skip dividends despite profit growth suggests a focus on capital preservation.

Ganges Securities Limited Announces Trading Window Closure from April 1, 2026

🟡 NEUTRAL ⭐ 2/10

ROUTINE 📅 27 Mar 2026, 11:58 AM

Ganges Securities Limited has announced the closure of its trading window for all designated persons and their immediate relatives starting April 1, 2026. This action is in compliance with SEBI (Prohibition of Insider Trading) Regulations, 2015, ahead of the financial results for the quarter ending March 31, 2026. The window will remain closed until 48 hours after the financial results are officially declared. This is a standard regulatory procedure for listed companies to prevent insider trading during the earnings preparation period.

Trading window closure begins on April 1, 2026.
Closure pertains to the financial results for the quarter ending March 31, 2026.
Window will reopen 48 hours after the declaration of financial results.
Restriction applies to all Designated Persons and their immediate relatives.

💡 No action is required as this is a routine regulatory compliance filing. Investors should await the announcement of the board meeting date for the upcoming Q4 financial results.

Ganges Securities Fined Rs 1 Lakh by BSE for Delayed Compliance Officer Appointment

🟡 NEUTRAL ⭐ 3/10

REGULATORY 📅 20 Mar 2026, 03:47 PM

Ganges Securities Limited has been directed by BSE Limited to pay a fine of Rs. 1,00,000 plus GST. The penalty was imposed due to a delay in the appointment of a Compliance Officer, violating SEBI Listing Regulations. The company received the final intimation on March 19, 2026, and has already completed the payment. Management has clarified that this regulatory action will not have any material impact on the company's financial or operational performance.

BSE imposed a fine of Rs. 1,00,000 plus GST for non-compliance with listing regulations.
The penalty specifically relates to the delayed appointment of a Compliance Officer.
The company has already paid the stated fine as of the announcement date.
Management confirms no material impact on operations or financial health beyond the fine amount.

💡 This is a minor procedural lapse with negligible financial impact on the company. No immediate action is required, though investors should note the company's adherence to regulatory timelines in the future.

Ganges Securities Q3 Consolidated Net Profit Drops to ₹15.7 Lakhs; Total Income Down 14% YoY

🔴 NEGATIVE ⭐ 7/10

EARNINGS 📅 11 Feb 2026, 04:55 PM

Ganges Securities reported a significant decline in consolidated net profit, falling to ₹15.70 lakhs in Q3 FY26 from ₹290.59 lakhs in the same quarter last year. Consolidated revenue from operations decreased by 14% YoY to ₹1,125.10 lakhs, primarily impacted by lower tea sales and reduced dividend income. The company recorded a massive total comprehensive loss of ₹3,474.78 lakhs due to negative fair value adjustments in its investment portfolio. Standalone performance remained relatively stable with a net profit of ₹101.60 lakhs compared to ₹106.27 lakhs YoY.

Consolidated Net Profit plummeted to ₹15.70 lakhs in Q3 FY26 compared to ₹290.59 lakhs in Q3 FY25.
Consolidated Revenue from Operations fell 14% YoY to ₹1,125.10 lakhs from ₹1,310.40 lakhs.
Total Comprehensive Loss stood at ₹3,474.78 lakhs, driven by a ₹3,490.48 lakh hit in Other Comprehensive Income (OCI).
Tea segment revenue decreased to ₹947.91 lakhs from ₹1,161.11 lakhs in the corresponding previous quarter.
Consolidated Earnings Per Share (EPS) dropped sharply to ₹0.16 from ₹2.91 YoY.

💡 Investors should exercise caution as the consolidated bottom line is under significant pressure from the tea business and extreme volatility in investment valuations. The sharp decline in comprehensive income suggests high sensitivity to market fluctuations in their investment portfolio.

Ganges Securities Q3 FY26 Consolidated Net Profit Falls 64% to ₹1.04 Cr; Total Income at ₹15.17 Cr

🔴 NEGATIVE ⭐ 7/10

EARNINGS 📅 11 Feb 2026, 04:39 PM

Ganges Securities reported a consolidated total income of ₹1,517.32 lakhs for Q3 FY26, a 15.8% increase from ₹1,310.40 lakhs in Q3 FY25. Despite the revenue growth, consolidated net profit dropped significantly to ₹103.70 lakhs from ₹290.59 lakhs in the previous year's corresponding quarter. The company recorded a massive Total Comprehensive Loss of ₹3,386.88 lakhs, primarily due to a negative swing of ₹3,490.48 lakhs in Other Comprehensive Income related to investment valuations. The standalone business remained stable, but the consolidated performance was weighed down by the tea segment and investment fluctuations.

Consolidated Revenue from Operations increased 15.8% YoY to ₹1,517.32 lakhs.
Consolidated Net Profit after tax declined by 64.3% YoY to ₹103.70 lakhs.
Total Comprehensive Income turned into a loss of ₹3,386.88 lakhs due to negative fair value changes in investments.
Tea segment revenue grew to ₹1,340.15 lakhs from ₹1,128.14 lakhs in the year-ago quarter.
Standalone Net Profit stood at ₹101.60 lakhs, showing relative stability compared to ₹106.27 lakhs in Q3 FY25.

💡 Investors should exercise caution as the company's total comprehensive income is highly volatile due to investment valuation swings. Monitor the tea subsidiary's operational efficiency and the impact of previous misappropriation issues on future cash flows.

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💰 Financial Performance

Revenue Growth by Segment

Consolidated total income for the six months ended September 30, 2025, grew 44.26% YoY to INR 21.86 Cr (2186.54 lakhs) from INR 15.15 Cr (1515.63 lakhs). Standalone (Investment) income grew 20.81% YoY to INR 5.66 Cr (566.15 lakhs) from INR 4.68 Cr (468.61 lakhs). The tea subsidiary segment contributed approximately 74.1% of consolidated revenue.

Profitability Margins

Consolidated Net Profit before tax for the six months ended September 30, 2025, was INR 4.78 Cr (478.58 lakhs) on INR 21.86 Cr income, representing a margin of 21.89%. Standalone Net Profit for Q2 FY26 was INR 3.52 Cr (352.88 lakhs).

⚙️ Operational Drivers

Raw Materials

Green tea leaves, fertilizers, and fuel for processing (implied by subsidiary operations in the tea industry).

📈 Strategic Growth

Expected Growth Rate

44.26%

Growth Strategy

Growth is driven by the performance of the wholly-owned subsidiary, Cinnatolliah Tea Ltd, and the company's investment portfolio. Strategy includes stabilizing subsidiary operations following internal fraud and maintaining compliance with the Tea Act, 1953, to ensure consistent production output.

Products & Services

Investment and securities services; Tea production and sales (via Cinnatolliah Tea Ltd).

Brand Portfolio

Cinnatolliah Tea, Birla Sugar (associated via corporate identity).

🌍 External Factors

Industry Trends

The tea industry is evolving under strict regulatory frameworks like the Tea Act 1953 and Food Safety and Standards Act 2006, requiring higher compliance costs for quality and labor standards.

Competitive Moat

Association with the Birla Group provides a strong brand legacy and access to capital. The tea plantation assets of Cinnatolliah represent a tangible asset-based moat with established production cycles.

Macro Economic Sensitivity

Sensitivity to agricultural cycles and labor regulations affecting the tea industry.

⚖️ Regulatory & Governance

Industry Regulations

Operations are governed by the Tea Act 1953, Plantation Labour Act 1951, Legal Metrology Act 2009, and The Food Safety and Standards Act 2006.

Legal Contingencies

The company reported no pending litigations impacting its financial position as of March 31, 2025. However, it incurred a fine of INR 1,00,000 from NSE (paid) and INR 1,00,000 from BSE (waiver pending) for delayed appointment of a Company Secretary.