Palash Securities Limited has informed the Exchange about change in Management
PALASHSECU · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Palash Securities Limited reported audited standalone results for FY2026 with total income of Rs 4,080.3 lakhs, down from Rs 5,396.1 lakhs in FY2025. Net profit stood at Rs 236.08 lakhs, a steep decline from Rs 5,034.8 lakhs previously. Consolidated results show a net loss of Rs 1,293.94 lakhs for the year, compared to a loss of Rs 1,750.29 lakhs in the prior year. The company has an associate, Morton Foods Limited, which incurred a net loss of Rs 1,668.76 lakhs and whose net worth has been substantially eroded, raising going concern doubts. The Board approved appointment of M/s Singhi & Co as new statutory auditors for 5 years and M/s M Parasrampuria & Co as internal auditors. No dividend was recommended for FY2026.
The sharp decline in standalone profitability and continued losses at consolidated level, along with the associate's going concern issues, signal significant financial stress. The auditor changes are routine (completion of 5-year term) rather than a red flag.