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Palash Securities Limited (PALASHSECU)

₹86.64 -3.22% last close, 16 Oct

📊 NSE: PALASHSECU 🏢 Finance & Investments 📢 Latest filing: 07 Oct 2026 📝 Analysis written: 14 Dec 2025

Latest quarterly results (Q1 FY27)

In its latest reported quarter, Q1 FY27, Palash Securities' revenue was ₹0.3 Cr (-97.7% year on year, +158.3% on the previous quarter), and net profit ₹-1.5 Cr (a smaller loss than a year earlier); the operating margin was -487.1%.

Q1 FY27 (₹ Cr)	Value	YoY vs Q1 FY26	QoQ
Revenue	₹0.3	-97.7%	+158.3%
Operating profit	₹-1.5	loss narrowed	loss narrowed
Net profit	₹-1.5	loss narrowed	loss narrowed
EPS (₹)	-1.47	loss narrowed	loss narrowed
Operating margin	-487.1%	—	—

Full quarterly financials → Results calendar →

PALASHSECU delivery percentage

NSE end-of-day data for Fri, 16 Oct 2026

On Fri, 16 Oct 2026, 52.08% of the PALASHSECU shares traded on NSE were taken to delivery, against the stock's own 20-session average of 76.47%. That is lower than usual for this stock. Turnover was under ₹1 lakh, so a handful of trades can move this figure. Volume was 0.4 times its average, well below normal.

52.08%Delivery, 16 Oct

76.47%Own 20-session average

0.4×Volume vs its average

₹86.64NSE close · -3.22%

Delivery in the last 5 sessions: 54.0% · 69.8% · 75.4% · 80.3% · 52.1%

Delivery across the market →

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

Palash Securities Submits Reg 74(5) Demat Compliance Certificate for Q2 FY27

🟡 NEUTRAL ⭐ 1/10

ROUTINE 📅 07 Oct 2026, 11:18 AM

Palash Securities Limited has submitted its quarterly compliance certificate under Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018 for the quarter ended 30th September, 2026. The certificate issued by Registrar and Share Transfer Agent MUFG Intime India Private Limited confirms that security certificates received for dematerialisation were processed and confirmed or rejected within prescribed timelines. The mutilated and cancelled certificates were properly substituted with depository records. This is a standard quarterly administrative filing with no financial or operational impact.

Compliance certificate submitted for the quarter ended 30th September, 2026
Issued under Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018
Issued by Registrar and Share Transfer Agent MUFG Intime India Private Limited dated 6 October 2026
Filing submitted to BSE (540648) and NSE (PALASHSECU) on 7th October, 2026

💡 No action is required as this is a recurring regulatory compliance report; investors should monitor upcoming quarterly financial results for operational updates.

Palash Securities Q1 Standalone Loss at ₹5.47 Lakh; Auditor Flags Morton Foods Solvency Risk

🔴 NEGATIVE ⭐ 7/10

EARNINGS 📅 14 Aug 2026, 04:49 PM

Palash Securities reported a standalone net loss of ₹5.47 lakh for the quarter ended June 30, 2026, compared to a loss of ₹5.76 lakh in the previous year. The consolidated results are significantly impacted by its associate, Morton Foods Limited, which incurred a net loss of ₹352.66 lakh during the quarter. Crucially, auditors have highlighted a material uncertainty regarding Morton Foods' ability to continue as a 'going concern' due to substantial net worth erosion. The company's standalone operations remain minimal, with total income of only ₹12.45 lakh, primarily from interest and rent.

Standalone net loss of ₹5.47 lakh for Q1 FY27 vs ₹5.76 lakh loss in Q1 FY26.
Associate company Morton Foods Limited reported a significant net loss of ₹352.66 lakh for the quarter.
Standalone total income increased to ₹12.45 lakh from ₹10.21 lakh YoY.
Auditors issued a 'going concern' warning for associate Morton Foods due to total net worth erosion.
Standalone employee benefit expenses rose to ₹3.78 lakh from ₹2.57 lakh YoY.

💡 Investors should closely monitor the 'going concern' status and any potential capital infusion or restructuring plans for Morton Foods Limited, as its financial distress is the primary risk to the holding company's valuation.

Palash Securities Shareholders Approve FY26 Financials and Auditor Appointment at 12th AGM

🟡 NEUTRAL ⭐ 3/10

ROUTINE 📅 05 Aug 2026, 08:31 PM

Palash Securities Limited concluded its 12th Annual General Meeting on August 5, 2026, with all three proposed resolutions passed by a 99.85% majority. Shareholders approved the audited standalone and consolidated financial statements for FY26, the re-appointment of Ms. Shalini Nopany as Director, and the appointment of Statutory Auditors. The company, which has a market cap of ₹65 Cr, reported a TTM PAT of ₹12 Cr, though it continues to face operating margin challenges (-19.4%). A total of 54 members participated in the voting process, primarily through remote e-voting.

99.85% of votes (7,338,361 shares) were cast in favor of adopting the FY26 Audited Financial Statements.
Ms. Shalini Nopany was re-appointed as Director with 99.85% shareholder approval (7,305,468 votes in favor).
A total of 54 members participated in the remote e-voting process conducted between August 1 and August 4, 2026.
The company maintains a high promoter holding of 72.18% as of March 2026.
Statutory Auditors' appointment and remuneration were approved with 7,338,361 votes in favor.

💡 Investors should focus on the upcoming quarterly results to track the turnaround progress of the subsidiary, Morton Foods Limited, which is critical for the group's profitability.

Palash Securities Appoints M/s. Singhi & Co. as Statutory Auditors for 5-Year Term

🟡 NEUTRAL ⭐ 4/10

MANAGEMENT 📅 05 Aug 2026, 04:01 PM

Palash Securities Limited has received shareholder approval at its 12th Annual General Meeting (AGM) on August 5, 2026, to appoint M/s. Singhi & Co. as its Statutory Auditors. The appointment is for a five-year term, spanning from the conclusion of the 12th AGM until the 17th AGM. M/s. Singhi & Co. is a well-established firm with over 600 employees and more than 150 listed companies as clients. This move is a routine governance procedure for the company, which has a market capitalization of Rs 65 Cr.

Appointment of M/s. Singhi & Co. for a term of 5 consecutive years.
Approval granted by members at the 12th AGM held on August 5, 2026.
The auditing firm has a professional strength of over 600 people.
M/s. Singhi & Co. currently serves more than 150 listed companies.
The firm was founded in 1940 and is ICAI Peer Reviewed.

💡 Investors should monitor the upcoming quarterly results for any changes in accounting disclosures or notes that may arise under the new audit firm's oversight.

12th AGM Proceedings: Palash Securities Appoints New Statutory Auditors for 5-Year Term

🟡 NEUTRAL ⭐ 3/10

ROUTINE 📅 05 Aug 2026, 12:43 PM

Palash Securities concluded its 12th Annual General Meeting on August 5, 2026, with 38 members in attendance. Shareholders approved the adoption of FY26 audited financial statements, which showed a turnaround to a TTM PAT of Rs 12 Cr compared to a loss of Rs 17.65 Cr in FY25. A key outcome was the appointment of M/s. Singhi & Co. as Statutory Auditors for a five-year term. The meeting also confirmed the re-appointment of Ms. Shalini Nopany as a Director.

38 members attended the meeting conducted via Video Conferencing/Other Audio Visual Means.
Appointment of M/s. Singhi & Co. as Statutory Auditors for a 5-year term until the 17th AGM.
Adoption of FY26 Standalone and Consolidated Financial Statements (TTM Revenue: Rs 49 Cr).
Re-appointment of Ms. Shalini Nopany (DIN: 00077299) as a Director of the company.
The meeting concluded within 30 minutes, including the 15-minute e-voting window.

💡 Investors should monitor the quarterly performance of the subsidiary Morton Foods Limited, as its turnaround is the primary driver for the company's consolidated profitability.

July 29 Set as Record Date for Palash Securities 12th AGM

🟡 NEUTRAL ⭐ 2/10

ROUTINE 📅 14 Jul 2026, 11:53 PM

Palash Securities Limited has announced July 29, 2026, as the record date to determine shareholder eligibility for e-voting at its upcoming 12th Annual General Meeting (AGM). The AGM is scheduled to be held on August 5, 2026, via video conferencing. Additionally, the company's register of members and share transfer books will remain closed from July 30 to August 5, 2026. This is a standard procedural filing for the conduct of the annual meeting.

Record date for e-voting eligibility is Wednesday, July 29, 2026
12th Annual General Meeting (AGM) scheduled for Wednesday, August 5, 2026, at 11:00 AM
Book closure period set from July 30, 2026, to August 5, 2026 (7 days)
The meeting will be conducted via Video Conferencing / Other Audio-Visual Means

💡 Investors should monitor the AGM notice for specific resolutions, particularly regarding the turnaround strategy for the loss-making subsidiary, Morton Foods Limited.

Palash Securities Submits Quarterly Dematerialization Certificate for June 2026

🟡 NEUTRAL ⭐ 2/10

REGULATORY 📅 14 Jul 2026, 03:44 PM

Palash Securities Limited has filed its quarterly compliance certificate under Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018. The certificate, issued by MUFG Intime India Private Limited, confirms that share certificates received for dematerialization during the quarter ended June 30, 2026, were processed and cancelled. The names of the depositories have been updated in the register of members as the registered owners. This is a routine administrative filing with no impact on the company's financial health or business operations.

Compliance certificate covers the quarter ended June 30, 2026
Issued by Registrar and Share Transfer Agent MUFG Intime India Private Limited
Confirms dematerialization requests were processed within prescribed timelines
Confirms security certificates were mutilated and cancelled after verification

💡 No action is required as this is a routine regulatory filing. Investors should monitor the company's upcoming quarterly financial results for operational updates.

Palash Securities Issues Notice for 12th AGM and FY26 Annual Report Access

🟡 NEUTRAL ⭐ 2/10

ROUTINE 📅 13 Jul 2026, 11:04 PM

Palash Securities Limited has issued formal letters to shareholders whose email addresses are not registered, providing access to the 12th Annual General Meeting (AGM) notice and the Annual Report for FY 2025-26. This is a procedural compliance under SEBI Regulation 36(1)(b). The company, which reported a TTM revenue of ₹49 Cr, is currently navigating losses in its food processing subsidiary, Morton Foods. Investors should utilize the provided web-link to review the full Annual Report for management's outlook on the turnaround strategy.

Notice issued for the 12th Annual General Meeting (AGM) of the company.
Annual Report for the Financial Year 2025-26 is now available for shareholder review.
Compliance filing under SEBI Regulation 36(1)(b) for shareholders without registered email IDs.
Company maintains a substantial asset base of ₹559.85 Cr as per FY25 records.

💡 Investors should access the FY26 Annual Report on the company's website to monitor the performance of Morton Foods Limited and the stability of dividend income from the investment segment.

Palash Securities to Hold 12th AGM on August 5, 2026; Proposes New Statutory Auditors

🟡 NEUTRAL ⭐ 3/10

ROUTINE 📅 13 Jul 2026, 07:08 PM

Palash Securities has scheduled its 12th Annual General Meeting (AGM) for August 5, 2026, to adopt the FY26 audited financial statements. A primary agenda item is the appointment of M/s. Singhi & Co. as Statutory Auditors for a five-year term, replacing the outgoing auditors. The proposed audit fee for FY27 is set at Rs. 7.50 Lakhs. Additionally, the company seeks the re-appointment of Ms. Shalini Nopany as a Director, who attended all 6 board meetings in the previous fiscal year.

12th Annual General Meeting scheduled for August 5, 2026, via video conferencing.
Proposed appointment of M/s. Singhi & Co. as Statutory Auditors for a 5-year term (FY 2026-27 to FY 2030-31).
Audit remuneration for the first year (FY 2026-27) fixed at Rs. 7.50 Lakhs plus taxes.
Cut-off date for e-voting eligibility is July 29, 2026.
Ms. Shalini Nopany seeking re-appointment; she received Rs. 30,000 in sitting fees during FY 2025-26.

💡 Investors should monitor the release of the full FY26 Annual Report to evaluate the performance of the loss-making subsidiary, Morton Foods Limited, which is a key focus for the company's turnaround strategy.

Palash Securities Announces Trading Window Closure from July 1, 2026

🟡 NEUTRAL ⭐ 2/10

ROUTINE 📅 26 Jun 2026, 01:40 PM

Palash Securities Limited has notified the exchanges that its trading window will be closed starting July 1, 2026, for all designated persons and their relatives. This action is in compliance with SEBI (Prohibition of Insider Trading) Regulations, 2015, ahead of the Q1 financial results. The window will remain shut until 48 hours after the financial results for the quarter ending June 30, 2026, are declared. This is a standard regulatory procedure for listed companies in India.

Trading window closure begins on July 1, 2026
Closure is related to the financial results for the quarter ending June 30, 2026
Restriction applies to all Designated Persons and their immediate relatives
Window will reopen 48 hours after the official declaration of quarterly results

💡 This is a routine regulatory filing with no direct impact on company fundamentals; investors should wait for the upcoming quarterly results for performance assessment.

Palash Securities Appoints Mr. Suraj Kumar Agrawal as MD for a 3-Year Term

🟡 NEUTRAL ⭐ 6/10

MANAGEMENT 📅 26 May 2026, 10:01 PM

Palash Securities Limited has announced the appointment of Mr. Suraj Kumar Agrawal as the Managing Director, effective from March 30, 2026, to March 29, 2029. The appointment was approved by shareholders via a postal ballot on May 24, 2026, with the requisite majority. Mr. Agrawal is a Chartered Accountant with over 21 years of experience in financial planning, risk management, and statutory compliance. This leadership transition aims to strengthen the company's financial oversight and internal controls over the next three years.

Appointment of Mr. Suraj Kumar Agrawal as Managing Director for a fixed 3-year tenure
Term commences from March 30, 2026, and concludes on March 29, 2029
Appointee brings over 21 years of professional experience in finance, accounting, and risk management
Shareholder approval obtained via postal ballot concluded on May 24, 2026

💡 Investors should monitor if the new leadership brings any shifts in the company's investment or operational strategy. No immediate portfolio action is required as this appears to be a routine leadership appointment.

Palash Securities Shareholders Approve Suraj Kumar Agrawal as MD with 99.84% Majority

🟡 NEUTRAL ⭐ 6/10

MANAGEMENT 📅 26 May 2026, 03:45 PM

Palash Securities Limited has confirmed the appointment of Mr. Suraj Kumar Agrawal as both a Director and the Managing Director for a three-year term following a postal ballot. The resolutions were passed with significant majorities, with the MD appointment receiving 99.84% approval from voting shareholders. Total participation in the voting process was 73.49% of the total equity, with the promoter group providing unanimous support. This leadership confirmation provides clarity on the company's executive management for the coming years.

Suraj Kumar Agrawal appointed as Managing Director for a 3-year term effective May 24, 2026.
Director appointment resolution passed with 99.98% majority (7,349,974 votes in favor).
Managing Director appointment resolution passed with 99.84% majority (7,338,974 votes in favor).
Total voter turnout stood at 73.49% of the company's 10,003,102 total shares.
Promoter and Promoter Group voted 100% in favor of both resolutions.

💡 Investors should monitor the company's strategic direction and operational performance under the confirmed leadership of the new Managing Director. No immediate portfolio changes are necessary as the management transition appears stable and well-supported.

Palash Securities FY26 Results: New Statutory Auditors Appointed, No Dividend Declared

🟡 NEUTRAL ⭐ 6/10

EARNINGS 📅 15 May 2026, 06:32 PM

Palash Securities Limited has approved its audited financial results for the quarter and year ended March 31, 2026. The Board of Directors has decided not to recommend any dividend for the financial year 2025-26, focusing on capital retention. A significant governance update includes the appointment of M/s. Singhi & Co. as Statutory Auditors for a five-year term (2026-2031), replacing the outgoing auditors. Additionally, M/s. M Parasrampuria & Co. has been appointed as Internal Auditors for the 2026-27 fiscal year.

Approved audited standalone and consolidated financial results for the fiscal year ended March 31, 2026.
Board of Directors recommended no dividend on equity shares for the financial year 2025-26.
M/s. Singhi & Co. appointed as Statutory Auditors for a 5-year term starting from the 12th AGM until the 17th AGM.
M/s. M Parasrampuria & Co. appointed as Internal Auditors for the financial year 2026-27.
The meeting concluded at 5:45 p.m. following a 4:00 p.m. commencement on May 15, 2026.

💡 Investors should examine the full financial statements on the company's website to evaluate operational performance, as the board has opted to skip dividends this year. The appointment of a reputable firm like Singhi & Co. as auditors is a standard governance rotation.

Palash Securities Appoints New Statutory Auditors; No Dividend Declared for FY26

🟡 NEUTRAL ⭐ 6/10

BOARD_MEETING 📅 15 May 2026, 06:22 PM

Palash Securities Limited held a board meeting on May 15, 2026, to approve the audited financial results for the fiscal year ended March 31, 2026. The company announced the appointment of M/s. Singhi & Co. as Statutory Auditors for a five-year term (2026-2031), replacing the outgoing auditors whose term expired. Additionally, M/s. M Parasrampuria & Co. was appointed as Internal Auditors for FY 2026-27. Notably, the board has not recommended any dividend for the equity shares for the financial year 2025-26.

Appointment of M/s. Singhi & Co. as Statutory Auditors for a 5-year term from 2026 to 2031.
M/s. M Parasrampuria & Co. appointed as Internal Auditors for the financial year 2026-27.
Board recommended zero dividend for the financial year ended March 31, 2026.
Approval of Audited Financial Results (Standalone and Consolidated) for the quarter and year ended March 31, 2026.

💡 Investors should review the detailed financial results to assess the company's performance as the board opted not to distribute dividends. The change in auditors is a routine regulatory transition following the completion of the previous auditor's tenure.

Palash Securities FY26 Results: No Dividend Declared; New Statutory Auditors Appointed

🟡 NEUTRAL ⭐ 6/10

EARNINGS 📅 15 May 2026, 06:09 PM

Palash Securities Limited has approved its audited financial results for the quarter and full year ending March 31, 2026. The Board of Directors decided not to recommend any dividend for the fiscal year 2025-26. A significant governance update includes the appointment of M/s. Singhi & Co. as Statutory Auditors for a five-year term, replacing the outgoing auditors upon completion of their tenure. Additionally, M/s. M Parasrampuria & Co. has been appointed as the Internal Auditor for the 2026-27 financial year.

Approved audited standalone and consolidated financial results for the quarter and year ended March 31, 2026
Board of Directors recommended no dividend on equity shares for the financial year 2025-26
M/s. Singhi & Co. appointed as Statutory Auditors for a 5-year term (2026-2031) subject to shareholder approval
M/s. M Parasrampuria & Co. appointed as Internal Auditors for the financial year 2026-27

💡 Investors should review the detailed financial statements to assess the company's underlying profitability given the lack of dividend. Monitor the transition to the new statutory auditor for any potential changes in accounting disclosures or reporting quality.

View All PALASHSECU Announcements on Live Market Tracking →

💰 Financial Performance

Revenue Growth by Segment

Food Processing revenue grew 83.2% YoY to INR 22.11 Cr in Q2 FY26 (vs INR 12.07 Cr in Q2 FY25). Investing Business revenue declined 7.7% YoY to INR 3.32 Cr in Q2 FY26 (vs INR 3.60 Cr in Q2 FY25).

Geographic Revenue Split

100% of revenue is derived from India, as all operating subsidiaries including Morton Foods Limited and Champaran Marketing Company Limited are incorporated and operate within India.

Profitability Margins

The group reported a consolidated net loss of INR 17.28 Cr for FY25. In Q2 FY26, the food processing segment operated at a loss margin of -15.5% (INR 3.44 Cr loss on INR 22.11 Cr revenue).

EBITDA Margin

The consolidated segment loss before finance costs and tax was INR 0.18 Cr in Q2 FY26, representing a significant improvement from the INR 14.39 Cr loss recorded in FY25.

Credit Rating & Borrowing

Total consolidated liabilities stood at INR 101.79 Cr as of September 30, 2025, with finance costs of INR 1.53 Cr for H1 FY26.

⚙️ Operational Drivers

Operational analysis data not yet available for this company.

📈 Strategic Growth

Growth Strategy

The company is focusing on the turnaround of its subsidiary, Morton Foods Limited, by leveraging its established brand equity to drive volume growth (which increased 83.2% YoY in Q2 FY26) and utilizing its investing business to provide liquidity support.

Products & Services

Canned and processed food products sold under the Morton brand and investment management services.

Brand Portfolio

Morton

🌍 External Factors

Industry Trends

The food processing sector is experiencing strong volume growth (83.2% YoY for the company) but remains margin-constrained, while the investment segment provides essential but fluctuating liquidity through dividends.

Competitive Moat

The company's moat is derived from the established 'Morton' brand equity and a substantial asset base of INR 559.85 Cr (FY25) which provides financial stability for its investing business.

⚖️ Regulatory & Governance

Industry Regulations

Operations must comply with food safety standards for the Morton brand and Ind AS financial reporting requirements for the group's consolidated results.

Taxation Policy Impact

The group maintains a deferred tax asset of INR 4.51 Cr at Morton Foods Limited, which is contingent on future taxable income projections; failure to achieve these would result in a write-down.

⚠️ Risk Analysis

Key Uncertainties

The primary business risk is the continued loss-making status and net worth erosion of Morton Foods Limited, which relies on management's positive outlook for its going concern status.

Geographic Concentration Risk

100% of revenue is concentrated in the Indian domestic market, exposing the company to local economic and regulatory shifts.

Technology Obsolescence Risk

The company has modernized its financial reporting systems with audit trail-enabled software to meet regulatory transparency requirements and mitigate data tampering risks.