Ganges Securities Limited (GSL) has significantly increased its stake in Morton Foods Limited (MFL) through a recent rights issue, as disclosed in a regulatory filing on November 18, 2025.

Key Details of the Transaction

Impact on Ownership

The additional share allotment has notably altered GSL's ownership position in MFL:

This strategic move by Ganges Securities Limited represents a substantial increase in its stake in Morton Foods Limited. The rights issue, a method that allows existing shareholders to purchase additional shares at a predetermined price, has enabled GSL to strengthen its position in MFL significantly.

Corporate Disclosure

The transaction details were communicated to the National Stock Exchange of India Ltd. and BSE Ltd. in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. This transparency ensures that all stakeholders are informed about significant changes in ownership structures of listed entities.

Implications

While the specific strategic rationale behind this increased investment has not been disclosed, such moves often indicate confidence in the investee company's future prospects or align with broader corporate strategies. Shareholders and market observers may want to monitor any potential changes in Morton Foods Limited's operations or governance that could result from this increased stake by Ganges Securities Limited.

Investors are advised to conduct their own research and consider their financial goals when interpreting the potential impacts of such corporate actions on their investment decisions.

Ganges Securities Limited , a financial services company, has announced its unaudited financial results for the third quarter and nine months ended December 31, 2021, showcasing robust growth in profitability.

Q3 Performance Highlights

The company reported a significant increase in its net profit after tax for the third quarter, reaching ₹34.70 lakhs compared to ₹26.62 lakhs in the same quarter of the previous year, marking a notable 30% year-on-year growth.

Nine-Month Financial Overview

For the nine-month period ending December 31, 2021, Ganges Securities demonstrated even stronger performance:

• Net profit soared to ₹633.23 lakhs, up from ₹483.26 lakhs in the corresponding period of the previous year, representing a substantial 31% increase.
• Total revenue from operations for the nine-month period stood at ₹635.22 lakhs.

Quarterly Revenue and EPS

• Q3 revenue from operations was reported at ₹72.97 lakhs.
• The company's earnings per share (EPS) for the quarter reached ₹0.35.

Impact of Amalgamation

The financial results reflect the impact of a scheme of amalgamation with Uttar Pradesh Trading Company Limited, which was completed with effect from April 1, 2020. This strategic move appears to have positively influenced the company's financial performance.

Regulatory Status

It's worth noting that Ganges Securities' application for registration as a Non-Banking Financial Company (NBFC) with the Reserve Bank of India is currently pending. The outcome of this application could have significant implications for the company's future operations and regulatory framework.

Financial Summary Table

The financial results demonstrate Ganges Securities' strong performance in both the quarter and the nine-month period, with significant growth in profitability. The company's strategic initiatives, including the amalgamation with Uttar Pradesh Trading Company Limited, appear to be yielding positive results. Investors and stakeholders will likely be watching closely for the outcome of the NBFC registration application, which could further shape the company's future in the financial services sector.