Ganges Securities Limited has informed the Exchange regarding Board meeting held on Jun 27, 2025.
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Ganges Securities Limited's board, meeting on June 27, 2025, approved three transactions, all subject to shareholder approval. First, a proposal to grant an unsecured loan or invest up to Rs. 15 crore in Morton Foods Limited (MFL), an unlisted FMCG company in the canned foods, juices, and ready-to-eat meals space. Second, an additional investment of up to Rs. 13 crore in Chambal Fertilisers and Chemicals Limited (CFCL) by acquiring up to 2,00,000 equity shares from the open market, raising its stake from 0.56% to up to 0.61% in the listed urea and fertilizer major. Third, purchase of 6,70,000 additional equity shares of MFL at Rs. 25 per share (Rs. 10 face value plus Rs. 15 premium), totalling about Rs. 16.75 crore, from promoter group entity Palash Securities Limited, increasing its MFL holding from 17.69% to 19.84%. All deals are described as at arm's length and in the ordinary course of business, with no intent to acquire management control of either investee company.
For shareholders, this signals active deployment of the company's treasury into both listed (CFCL) and unlisted (MFL) equity and debt instruments, deepening exposure to the FMCG and fertilizer sectors. The transactions are sizable relative to typical investment company activity and require shareholder approval, so an extraordinary general meeting is likely ahead.