Postal Ballot: Ganges Securities seeks approval for Rs 15 Cr loan to related party MFL

Board & Shareholder Meetings View source PDF Explain this filing

GANGESSECU · price

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Price reactionminutes from the announcement price · days from the prior close

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₹112.51

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Nifty Microcap 250market · in no size index; the smallest one is used+0.7%+4.2% vs market

Tea & Coffee peers, median of 19sector+0.0%+4.9% vs sector

On the reaction day the stock moved 4.2 pts more than Nifty Microcap 250 and 4.9 pts more than its Tea & Coffee peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

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AI summary

Ganges Securities seeks shareholder approval via postal ballot for a material related party transaction with Morton Foods Limited (MFL). The company proposes to give MFL an unsecured loan of Rs 15 Crores at 9.25 percent per annum interest, repayable on demand, one year tenure. MFL is a related party as MD Ms. Urvi Mittal is also a director there. Company holds 19.68 percent in MFL. Transaction equals 41.54 percent of consolidated turnover. E-voting: Oct 14 to Nov 13, 2026.

Likely market impact

Material unsecured loan to loss-making related party with negative net worth. Equal to 41.54 percent of consolidated turnover. No credit rating; MD also on MFL board.