Palash Securities Ltd

In furtherance of our earlier announcement made on 3rd February 2023 under Regulation 30(9) of SEBI(Listing Obligation and Disclosure Requirements) Regulations 2015 as amended We would like to inform you that Morton Foods Limited (MFL)(Formerly known as Allahabad Canning Limited) a material unlisted subsidiary of the Company has raised capital by by issuing further 6470000 (Sixty Four Lakhs Seventy Thousands only) number of equity shares of face value of Rs. 10 each at a premium of Rs. 24 each aggregating Rs. 219980000/- (Rupees Twenty One Crore Ninety Nine Lakhs Eighty Thousand only).Pursuant to such allotment by MFL Palash Securities Limited which was holding 100% of the equity shares of MFL through its subsidiaries now the shareholding has been reduced to 69.34%.