Palash Securities Ltd

Key disclosures

• Board approved unaudited standalone and consolidated results for quarter ended 30 June 2026, with auditors' Limited Review.
• Group now presents a single reportable segment following loss of control of Morton Foods Limited.
• Morton Foods Limited is reported as going concern risk, with erosion of net worth; going concern basis maintained.
• Auditors' reviews indicate no material misstatement; however, Morton Foods' going concern risk is disclosed in notes.
• Results prepared under Ind AS 34; Audit Committee reviewed and Board approved on 14 August 2026.

Record date & AGM book closure

• Cut-off date for e-voting eligibility: 29 July 2026.
• Book closure: 30 July 2026 to 5 August 2026 (inclusive).
• AGM on 5 August 2026 via video conferencing.

Dematerialisation status and actions

• Dematerialisation requests during quarter ended 30 June 2026 were confirmed to the depositories.
• Securities dematerialised have been listed on the stock exchanges where the earlier securities are listed.
• Physical certificates for dematerialisation were mutilated and cancelled; depository named registered owner substituted within timelines.

Regulatory compliance update

• Letters sent to shareholders without registered emails providing web-link to AGM notice and FY2025-26 Annual Report online.
• Notice pertains to the 12th AGM; AR is hosted on the company's website.

Financial highlights

• Standalone revenue from operations was Rs 372.34 lakh, vs Rs 604.38 lakh prior year.
• Consolidated revenue from operations was Rs 4,923.85 lakh.
• Standalone PAT was Rs 236.08 lakh.
• Consolidated PAT was Rs 1,171.68 lakh.
• Standalone total income Rs 408.03 lakh; consolidated Rs 7,393.44 lakh.
• Total consolidated comprehensive income Rs (10,766.67) lakh.

Group structure & key events

• Morton Foods Limited ceased to be a subsidiary on 18 Nov 2025.
• MFL became an associate; 44.95% stake as of 31 Mar 2026 (previously 51.37%).
• Gain on loss of control recognized: Rs 2,413.64 lakh.
• Subsidiaries as of 31 Mar 2026: Champaran Marketing, Hargaon Investment, OSM Investment, Hargaon Properties.
• Intra-group exposures total Rs 3,425.68 lakh.

Governance & management

• Board size six; four Independent Directors; one Executive; Shalini Nopany chairs the Board.
• Suraj Kumar Agrawal appointed MD from 30 Mar 2026 for three years.
• Chand Bihari Patodia ceased MD on 29 Mar 2026.
• Independent Directors met 13 Feb 2026 without management.

Auditors & compliance

• Statutory Auditor: Singhi & Co appointed for 2026-27 (five-year term).
• Previous auditor: Agrawal Subodh & Co; appreciation note issued.
• Secretarial Auditor: MR & Associates appointed 2025-29.

Capital & shareholder matters

• No dividend declared for the year.
• Authorized capital Rs 15 crore; paid-up capital Rs 10.003 crore.
• No changes in capital structure during the year.

AGM & investor communications

• 12th AGM scheduled for 5 August 2026 via VC/OAVM.
• Record date for AGM/remot e-voting: 29 July 2026.
• Register of Members closed 30 July to 5 August 2026.
• Remote e-voting window: 1–4 August 2026; results posted on company site and NSDL.

Risks & outlook

• NBFC sector expected to grow with AUM rising ~18-19% per CRISIL projections.
• Risks include geopolitics, inflation, currency moves, and regulatory changes affecting NBFCs.
• Indian capital market outlook remains positive with domestic demand supportive.

AGM Details

• AGM date/time: Aug 5, 2026 at 11:00 IST via VC/OAVM.
• Cut-off date for voting: July 29, 2026.
• Register of Members and Share Transfer Books closed July 30–Aug 5, 2026.

Ordinary Business

• Adopt standalone and consolidated financial statements for year ended March 31, 2026.

Director Appointment

• Ms. Shalini Nopany to be re-appointed, retiring by rotation.

Auditors

• Appoint M/s Singhi & Co as Statutory Auditors for five years.
• Remuneration proposed: Rs 7.50 Lakhs plus taxes and out-of-pocket expenses.

Remuneration/Board Approvals

• Remuneration terms to be mutually agreed between the Board and auditors.

Director Details

• First appointed 02-08-2016; liable to retire by rotation.
• Remuneration sought: sitting fees; Rs 30,000 paid in FY2025-26.