Palash Securities Limited was incorporated on March 23, 2015. The Company acts as a Core Investment Company (CIC) as per RBI guidelines and operates in the business to deal, invests in securities, etc. mainly of group companies and in immovable properties. The Company has five subsidiaries.
The businesses of the Company are carried out by its Wholly owned Subsidiaries/ Subsidiary. The first three wholly owned subsidiaries of the Company viz: OSM Investment & Trading Company Limited; Champaran Marketing Company Limited; Hargaon Investment & Trading Company Limited and are registered NBFC with RBI and primarily engaged in investment activities and whereas Hargaon Properties Ltd is a step down subsidiary engaged in investment of properties. And the other Subsidiary Company Morton Foods Limited (Formerly known as Allahabad Canning Limited)' is engaged in the Food Processing Business thereby producing all types of Canned Fruits & Vegetables, Jams Jellies, Marmalades, Juices, Tomato Ketchup/Puree/Sauce, Vegetable Sauces, Squashes, Breakfast cereals like cornflakes, chocos, white oats , Pasta and Vermicelli.
The company has a manufacturing unit at Prayagraj which makes Canned fruits and vegetables , Jams , Crush & Squashes , Tomato Ketchup and Vegetable sauces etc. Breakfast cereals and Pasta, Vermicelli are manufactured by third party manufacturer and Morton Foods Ltd markets it under the brand Name Morton. The company has a retail distribution focused on North, East and Cen ...tral India and covers 52000 outlets through a sales team deployed in these markets distributed through 350 distributors and 142 Super stockists. Spread across these markets. The west and south market is covered for Modern Trade and Horeca customers through a limited manpower and distribution.
With the objective of business realignment of OSML and Upper Ganges Sugar & Industries Limited (UGSIL), a Composite Scheme of Arrangement was filed with the Hon'ble High Court of Allahabad to transfer the Food Processing and Investment Business Undertaking of OSML to the Company and thereafter to transfer the Food Processing Business Undertaking of the Company to Allahabad Canning Limited (ACL) from 1st April, 2015. As per Composite Scheme of Arrangement approved by the National Company Law Tribunal, all the assets and liabilities of the Food Processing and Investment Business Undertakings of OSML got transferred and vested in the Company and thereafter the food processing business undertaking of the Company present in state of Uttar Pradesh was transferred and vested in ACL on 1st April, 2015 as a going concern. As per this, the Scheme became effective from 23 March, 2017.
Pursuant to said Scheme above, the Company issued 1,00,03,102 fully paid up equity shares of Rs 10/- each to the shareholders of OSML on 23 March, 2017, in the ratio of 27 equity shares of the Face Value of Rs 10 each of the Company for every 70 equity shares of the face value of Rs 10 each held in OSML. Further, the Company issued 13,00,000 fully paid up 8.5% Non-Convertible Cumulative Redeemable Preference Shares of Rs 10/- each to the preference shareholders of OSML, aggregating to Rs 130 lakhs on the same terms and conditions. Further the Company received 1,09,34,588 fully paid up equity shares of Rs 10/- each from ACL,, as consideration for transfer of food processing business undertaking.
During the FY 2023-24, the company had received offer for subscribing upto 12,08,305 equity shares on rights basis of M/s Allahabad Canning Limited, a wholly owned subsidiary of the company. The fresh issue comprised of equity shares of face value of Rs. 10/- at a premium of Rs. 65.80 each amounting to Rs 9.16 crores. The entire offered shares have been renounced in favour of its other wholly owned subsidiaries namely, Hargaon Investment & Trading Co Limited, OSM Investment & Trading Co Limited and Champaran Marketing Co Limited.
FAQs on Palash Securities Ltd
1. Can I buy Palash Securities Ltd from PL Capital? ›
Yes, you can invest in Palash Securities Ltd shares directly through PL Capital. Our platform provides a seamless and secure way to buy, hold, and track Palash Securities Ltd stock along with other leading companies listed on the NSE and BSE. Simply open a Demat and trading account with PL Capital, and you’ll be able to trade Palash Securities Ltd as well as diversify your portfolio across equities, mutual funds, IPOs, and more.
2. Does Palash Securities Ltd pay dividends? ›
Palash Securities Ltd does not currently pay dividends. Investors in this case primarily benefit from capital appreciation, where the value of the stock may rise over time depending on business growth and market conditions.
3. What is the current share price of Palash Securities Ltd ? ›
As of
20-Feb-2026 , 10:19:47 the share price for Palash Securities Ltd. is ₹ 97.45 on the NSE (Note: Prices are dynamic and update frequently during market hours).
4. What is the 52-week high and low of Palash Securities Ltd ? ›
The 52-week high and low of Palash Securities Ltd share price is ₹ 93.05 - ₹ 142 as of
20-Feb-2026 , 10:19:47 .
