Ganges Securities Limited (GANGESSECU)
₹108.78 -0.82% last close, 23 Oct
📈 Share price & events
Latest quarterly results (Q1 FY27)
In its latest reported quarter, Q1 FY27, Ganges Securities' revenue was ₹7.7 Cr (+21.1% year on year, +156.8% on the previous quarter), and net profit ₹1.2 Cr (+18.7% year on year); the operating margin was 10.2%.
| Q1 FY27 (₹ Cr) | Value | YoY vs Q1 FY26 | QoQ |
|---|---|---|---|
| Revenue | ₹7.7 | +21.1% | +156.8% |
| Operating profit | ₹0.8 | -11.1% | from loss |
| Net profit | ₹1.2 | +18.7% | from loss |
| EPS (₹) | 1.22 | +18.4% | from loss |
| Operating margin | 10.2% | — | — |
GANGESSECU delivery percentage
NSE end-of-day data for
On Fri, 23 Oct 2026, 90.35% of the GANGESSECU shares traded on NSE were taken to delivery, against the stock's own 20-session average of 73.34%. That is higher than usual for this stock. Turnover was only ₹1 lakh, so a handful of trades can move this figure. Volume was 0.3 times its average, well below normal.
Delivery in the last 5 sessions: 51.3% · 58.0% · 65.7% · 67.0% · 90.3%
A description of what the exchange published, not a recommendation. Names such as "accumulation" or "long buildup" label a pattern in the numbers. How delivery is analysed
📢 Recent Corporate Announcements
Ganges Securities has issued a Postal Ballot notice seeking shareholder approval for a material related party transaction. The company proposes to extend an unsecured loan of up to ₹15.00 crore to Morton Foods Limited (MFL) at an interest rate of 9.25% per annum. Relative to the company's financial profile, the proposed ₹15 crore loan is substantial, representing approximately 40.5% of TTM revenue (₹37 crore) and 13.3% of its market capitalization (₹113 crore). Remote e-voting runs from October 14, 2026, to November 13, 2026, with results due within two working days thereafter.
- Proposed unsecured loan of up to ₹15,00,00,000/- (Rupees Fifteen Crores) to related party Morton Foods Limited
- Loan offered at an interest rate of 9.25% per annum, funded from internal accruals and liquid resources
- Loan tenure is for a maximum of 1 year or until the 2027 AGM, repayable on demand
- Morton Foods Limited has not availed of any formal credit rating
- Remote e-voting window open from October 14, 2026, to November 13, 2026
Ganges Securities Limited has submitted its quarterly compliance certificate under Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018 for the quarter ended September 30, 2026. The certificate from RTA MUFG Intime India confirms that all share certificates received for dematerialisation were verified, processed, and cancelled within prescribed timelines. This is a routine quarterly secretarial filing with no impact on the company's financial operations or revenue. The company maintains an equity market cap of approximately ₹115 Cr with zero debt.
- Regulation 74(5) compliance confirmed for the quarter ended September 30, 2026
- Issued by Registrar and Share Transfer Agent MUFG Intime India Private Limited
- Filing submitted to BSE (Scrip: 540647) and NSE (Symbol: GANGESSECU) on October 07, 2026
- All security certificates received for demat were verified, cancelled, and substituted within prescribed timelines
Ganges Securities Limited has informed the exchanges that its trading window for dealing in company securities will remain closed starting October 1, 2026. The closure applies to all designated persons and their immediate relatives pursuant to SEBI Insider Trading regulations. The window will reopen 48 hours after the declaration of financial results for the quarter ending September 30, 2026. This is a standard quarterly administrative compliance filing.
- Trading window closes on October 01, 2026
- Window remains closed until 48 hours after financial results for quarter ending September 30, 2026
- Applies to all Designated Persons and their Immediate Relatives
- Filed under SEBI (Prohibition of Insider Trading) Regulations, 2015
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.
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.
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
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
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
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
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.
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.
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.
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.
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.
Ganges Securities Limited has submitted its quarterly compliance certificate for the period ended December 31, 2025, as required under Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018. The certificate, provided by Registrar and Share Transfer Agent MUFG Intime India Private Limited, confirms that dematerialization requests were processed within the prescribed timelines. It further verifies that security certificates received were mutilated and cancelled after due verification. This is a standard administrative filing and does not reflect any change in the company's financial or operational status.
- Compliance certificate submitted for the quarter ended December 31, 2025.
- Confirmation that dematerialization requests were processed and updated in the register of members.
- Certificate issued by Registrar and Share Transfer Agent MUFG Intime India Private Limited.
- Verification that security certificates were mutilated and cancelled as per SEBI guidelines.
Company profilewritten 13 Dec 2025
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.
Risk Analysis
Key Uncertainties
Internal control risks evidenced by the misappropriation of funds by the subsidiary CFO; regulatory compliance risks regarding KMP appointments.
Geographic Concentration Risk
Operations are concentrated in Uttar Pradesh (Hargaon) and West Bengal (Kolkata).
