Palash Securities Limited has informed the Exchange regarding Resignation of Chief Financial Officer of Morton Foods Limited, a material unlisted subsidiary of the Company.
PALASHSECU · price
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On the reaction day the stock moved 0.6 pts less than Nifty Microcap 250 and 0.8 pts less than its Packaged Foods peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Palash Securities Limited has informed the stock exchanges that the Board of Morton Foods Limited (MFL), its material unlisted subsidiary, accepted the resignation of Mr. Shravan Kumar Jain as Chief Financial Officer and Key Managerial Personnel. The resignation is effective from the close of business hours on 7th August 2025, with Mr. Jain citing personal reasons. His resignation letter was originally submitted on 20th May 2025. No other material reasons were disclosed. This is a routine disclosure under SEBI's Listing Regulations.
This is a CFO-level change at a material subsidiary, not at the listed entity itself. It is unlikely to materially affect Palash Securities' stock price, though investors may monitor who replaces Mr. Jain at Morton Foods.