Palash Securities Ltd

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NSEBSE

116.95-0.50 (-0.43%)

03:51 PM,1st Mar 2024

116.50-0.45 (-0.38%)

04:01 PM,1st Mar 2024

BSE : 540648

NSE : PALASHSECU

Sector : Financials

ISIN Code : INE471W01019

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Last Updated: Mar 01 2024 | 04:01 PM IST

Market Cap (₹ Cr)

116

Turnover (₹ Cr)

0.01

Volume (Shares)

8358

Face Value

10

52-WK High

165.60

52-WK High Date

13 Nov 2023

52-WK Low

86.25

52-WK Low Date

20 Mar 2023

All Time High

165.60

All Time High Date

13 Nov 2023

All Time Low

17.10

All Time Low Date

07 Apr 2020

Palash Securities Ltd

Palash Securities Limited was incorporated in March 23 2015. The Company acts as a Core Investment Company (CIC) as per RBI guidelines and operates in the business to deal invests in securities etc. mainly of group companies and in immovable properties. The Company has five subsidiaries. The businesses of the Company are carried out by its wholly-owned subsidiaries. The first three being wholly owned subsidiaries of the Company viz: OSM Investment & Trading Company Limited; Champaran Marketing Company Limited; Hargaon Investment &Trading Company Limited and are registered NBFC with RBI and primarily engaged in investment activities and whereas Hargaon Properties Ltd is a step down subsidiary engaged in investment of properties. And the other wholly owned subsidiary Allahabad Canning Ltd is engaged in the food processing business thereby producing all types of canned fruits & vegetables jams jellies Marmalades juices tomato ketchup/puree/sauce vegetable sauces squashes breakfast cereals like cornflakes chocos white oats etc. The Company aims to create sustainable vision to grow the business and make long-term strategic investments in various new ventures promoted by the Company and its subsidiaries. Apart from its operations in investment in securities including through its wholly owned subsidiaries the Company continues to be engaged in business of food processing through its subsidiary company i.e Allahabad Canning Limited.With the objective of business realignment of OSML and Upper Ganges Sugar & Industries Limited (UGSIL) a Composite Scheme of Arrangement had been filed with the Hon'ble High Court of Allahabad to transfer the Food Processing and Investment business undertaking of OSML to the Company and thereafter to transfer the Food Processing business undertaking of the Company to Allahabad Canning Limited (ACL) from the appointed date i.e. 1st April 2015 which has been approved by the National Company Law Tribunal. As per the Composite Scheme of Arrangement approved by the National Company Law Tribunal all the assets and liabilities of the food processing and investment business undertakings of OSML had been transferred to and vested in the Company at their respective book values and thereafter the food processing business undertaking of the Company present in the state of Uttar Pradesh had been transferred to and vested in ACL at their respective book values as on 1st April 2015 on a going concern basis from appointed date i.e. 1st April 2015. As per the scheme appointed date as approved by the National Company Law Tribunal was 1st April 2015 and effective date is 23rd March 2017 being the date on which the certified copy of the order sanctioning the said scheme was filed with the Registrar of Companies Kanpur Uttar Pradesh and Uttarakhand in accordance with the Companies Act 1956 and applicable provisions of Companies Act 2013. Accordingly all related adjustments thereof had been given effect to in the accounts during the previous financial years.Pursuant to the scheme above the Company had issued 10003102 fully paid up equity shares of Rs 10/- each to the shareholders of OSML as per Record date 23 March 2017 aggregating to Rs 1000.31 lakhs in the ratio of 27 equity shares of the face value of Rs 10 each of the Company for every 70 equity shares of the face value of Rs 10 each held in OSML. Further the Company had issued 1300000 fully paid up 8.5% Non-Convertible Cumulative Redeemable Preference Shares of Rs 10/- each to the preference shareholders of OSML aggregating to Rs 130 lakhs on the same terms and conditions. Further the Company had received 10934588 fully paid up equity shares of Rs 10/- each from ACL aggregating to Rs 1093.46 lakhs as consideration for the transfer of food processing business undertaking.During the FY 2020-21 the company had received offer for subscribing upto 1208305 equity shares on rights basis of M/s Allahabad Canning Limited a wholly owned subsidiary of the company. The fresh issue comprised of equity shares of face value of Rs. 10/- at a premium of Rs. 65.80 each amounting to Rs 9.16 crores. The entire offered shares have been renounced in favour of its other wholly owned subsidiaries namely Hargaon Investment & Trading Co Limited OSM Investment & Trading Co Limited and Champaran Marketing Co Limited.

Palash Securities Ltd - Key Fundamentals

PARAMETER VALUES
Market Cap (₹ Cr)

116

EPS - TTM (₹) [C]

0.00

P/E Ratio (X) [C]

0.24

Face Value (₹) 10
Latest Dividend (%)-
Latest Dividend Date -
Dividend Yield (%) -
Book Value Share (₹) [C]491.88
P/B Ratio (₹) [C]0.24
[*C] Consolidated [*S] Standalone

Funds Owing this Stock

Scheme Name Amount Invested ( ₹ Cr ) No Of Shares Net Asset (%)

Research Reports

Date BrokerActionPrices(Rs)Report
Data Not Found

Stock Strength

Today's Low/High

111.10

120.85

Week Low/High

111.10

126.00

Month Low/High

111.10

146.00

Year Low/High

86.25

166.00

All time Low/High

16.60

166.00

Share Price Returns

Period BSENSE SENSEXNIFTY
1 Week-4.49%-4.37%0.820.57%
1 Month-3.74%-4.02%2.932.96%
3 Month-3.82%-4.49%9.2810.22%
6 Month14.54%11.22%12.7814.94%
1 Year4.93%5.98%24.1328.01%
3 Year172.29%163.40%47.9351.33%

Company Info

Company Information

Non Executive Director : Bal Kishore Malpani

Registered Office: P O Hargaon, ,Sitapur,Uttar Pradesh-261121 Ph: 91-05862-256220

Email:birlasugar@birla-sugar.com

URL:http://www.palashsec.com