5406482025-10-012025-12-315406482025-12-315406482025-04-012025-12-315406482025-10-012025-12-31in-capmkt:OtherExpenses1Member5406482025-10-012025-12-31in-capmkt:OtherExpenses2Member5406482025-10-012025-12-31in-capmkt:OtherExpenses3Member5406482025-04-012025-12-31in-capmkt:OtherExpenses1Member5406482025-04-012025-12-31in-capmkt:OtherExpenses2Member5406482025-04-012025-12-31in-capmkt:OtherExpenses3Member5406482025-10-012025-12-31in-capmkt:ReportableSegments1Member5406482025-10-012025-12-31in-capmkt:ReportableSegments2Member5406482025-04-012025-12-31in-capmkt:ReportableSegments1Member5406482025-04-012025-12-31in-capmkt:ReportableSegments2Member5406482025-10-012025-12-31in-capmkt:ReportableSegments1Member5406482025-10-012025-12-31in-capmkt:ReportableSegments2Member5406482025-04-012025-12-31in-capmkt:ReportableSegments1Member5406482025-04-012025-12-31in-capmkt:ReportableSegments2Member5406482025-10-012025-12-31in-capmkt:ReportableSegments1Member5406482025-12-31in-capmkt:ReportableSegments1Member5406482025-10-012025-12-31in-capmkt:ReportableSegments2Member5406482025-12-31in-capmkt:ReportableSegments2Member5406482025-10-012025-12-31in-capmkt:ReportableSegments1Member5406482025-12-31in-capmkt:ReportableSegments1Member5406482025-10-012025-12-31in-capmkt:ReportableSegments2Member5406482025-12-31in-capmkt:ReportableSegments2Member5406482025-10-012025-12-31ItemsThatWillNotBeReclassifiedToProfitAndLoss15406482025-04-012025-12-31ItemsThatWillNotBeReclassifiedToProfitAndLoss1iso4217:INRiso4217:INRxbrli:shares540648PALASHSECUNOTLISTEDINE471W01019PALASH SECURITIES LIMITEDMain BoardEquity2025-04-012026-03-312026-02-132026-02-04INRLakhsQuarterlyThird quarterMulti segment2026-02-1316:30:002026-02-1319:25:00Not applicable2025-10-012025-12-31UnauditedConsolidated1357000232900000118000097720000010152400024226200034378600024762000267580001344700019832000258700066400012300000028374000116547000227239000022723900063300030000663000226576000000-10334000216242000-288459000-72217000224341000-8099000-64118000-80990001000310001022.4322.430022.4322.43Notes: <BR> <BR> 1. These consolidated financial results of Palash Securities Limited (the Holding Company) have been prepared in accordance with Indian Accounting Standards as per the Companies (Indian Accounting Standards) Rules, 2015 (as amended from time to time) notified under Section 133 of the Companies Act, 2013 and other relevant provisions of the Act and pursuant to Regulation 33 of SEBI (LODR) Regulation 2015, as amended: <BR> <BR> The consolidated financial results include results of the Holding Company and its four Subsidiaries (together referred to as the "Group") and an Associate as under : <BR> <BR> The consolidated financial results include results of the Holding Company and its four Subsidiaries (together referred to as the "Group") and an Associate as under : <BR> Name of the company Country of Incorporation Equity interest as on (%) <BR> 31.12.2025 30.09.2025 31.12.2024 31.12.2025 31.03.2025 <BR> Champaran Marketing Company Limited India 100.00% 100.00% 100.00% 100.00% 100.00% <BR> Hargaon Investment & Trading Company Limited India 100.00% 100.00% 100.00% 100.00% 100.00% <BR> Hargaon Properties Limited India 100.00% 100.00% 100.00% 100.00% 100.00% <BR> OSM Investment & Trading Company Limited India 100.00% 100.00% 100.00% 100.00% 100.00% <BR> Morton Foods Limited India 44.95% 51.37% 61.26% 44.95% 51.37% <BR> <BR> 2. During the quarter ended 31st December 2025, pursuant to completion of a Rights Issue by one of the Subsidiaries, Morton Foods Limited ("MFL") in which the Holding Company did not participate, the aggregate shareholding of the Holding Company along with its subsidiaries in MFL reduced from 51.37% to 44.95%. Consequently, the Group ceased to have control over MFL with effect from 18th November 2025, and MFL ceased to be a subsidiary of the Holding Company from that date. <BR> <BR> The Group, upon loss of control, derecognized the assets and liabilities of MFL, derecognized non-controlling interest, and recognized the retained investment at its fair value as on the date of loss of control in accordance with Ind AS 110, "Consolidated Financial Statements". Such treatment has resulted in a net gain of Rs. 2,413.64 lakhs which has been recognized under “Other Income” in the Consolidated Financial results for the quarter and nine months ended 31 December 2025. <BR> <BR> Subsequent to the loss of control, the retained investment of 44.95% in MFL, which is now an Associate, has been accounted for in accordance with Ind AS 28, "Investments in Associates and Joint Ventures". <BR> <BR> 3. During the quarter ended 31st December 2025, pursuant to loss of control over MFL with effect from 18th November 2025, the business operations of MFL, which constituted the only separately identifiable operating segment of the Group, have ceased to be consolidated in accordance with Ind AS 110, "Consolidated Financial Statements". Consequently, in accordance with the requirements of Ind AS 108, "Operating Segments", the Group no longer has more than one reportable segment for the quarter and nine months ended 31st December 2025, with effect from such date. Accordingly, separate segment reporting is not applicable for the period after such date, as the Group’s operations now represent a single reportable segment. <BR> Comparative segment information has been presented in accordance with the segment structure prevailing in the respective earlier periods. <BR> <BR> 4. MFL is incurring losses, which has substantially eroded its net worth. However, based on the positive outlook of the Management towards the growth and the ability of the said asociate to continue as a going concern in the foreseeable future, its financial information, consolidated above, for the quarter and nine months ended 31st December 2025, have been prepared on a going concern basis. <BR> <BR> 5. In case of MFL, its Statutory Auditors in their report on the financial results for the quarter and nine months ended 31st December 2025, have commented upon deferred tax assets (net), recognised earlier amounting to Rs. 450.53 lakhs upto 31 March 2022, based on future profitability projections. MFL is certain that there would be sufficient income in future, to claim the tax credit. <BR> <BR> 6. On November 21, 2025, the Government of India notified the four Labour Codes namely the Code on Wages, 2019, the Industrial Relations Code, 2020, the Code on Social Security, 2020, and the Occupational Safety, Health and Working Conditions Code, 2020 consolidating 29 existing labour laws. The Ministry of Labour & Employment has issued draft Central Rules and FAQs to facilitate assessment of the financial impact arising from these changes. <BR> <BR> Based on its current assessment, the Group has not recognised any impact and expects no additional liability in the financial results for the quarter and nine months ended 31st December 2025. However, the Associate Company, MFL has assessed and recognised the impact in their respective financial results for the quarter and nine months ended 31 December 2025. The Group continues to monitor the finalisation of Central and State Rules, along with further clarifications from the Government on other aspects of the Labour Codes and will recognise any further accounting impact as and when required based on future developments. <BR> <BR> 7. The above results have been reviewed by the Audit Committee and approved by the Board of Directors at their respective meetings held on 13th February, 2026. These results have been subjected to limited review by statutory auditors of the Company. <BR> <BR> 8. The figure of the previous periods has been regrouped / reclassified, wherever necessary, to conform to the classification for the quarter and nine months ended 31st December 2025. <BR> 2025-04-012025-12-31UnauditedConsolidated41070003393900000262000045315500004914630002455050007369680001521840009920000059680001099960001788600039660008050000001602790005502840001866840000186684000176840006600017750000168934000000-10334000158600000-356278000-197678000202129000-43529000-154137000-435410001000310001020.2120.210020.2120.21Packing material consumed13824000Rent, tax and energy costs1904000Administrative and other expenses12646000Packing material consumed83500000Rent, tax and energy costs9160000Administrative and other expenses67619000Investing Business3804000Food Processing Business97720000Investing Business38308000Food Processing Business45315500010152400049146300000101524000491463000Investing Business233708000Food Processing Business-13941000Investing Business266333000Food Processing Business-710670002197670001952660002587000178860002750001030000216905000176350000Investing Business6185288000Food Processing Business06185288000167140006202002000Investing Business484343000Food Processing Business04843430001021000485364000Items that will not be reclassified to profit or loss-326495000-326495000Items that will not be reclassified to profit or loss-394729000-394729000-38036000-3845100000-288459000-356278000