StockWatch
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Investment Company
Board Meeting13 Aug 2026, 05:22 pm

Ganges Securities Declares Unaudited Results; Approves ₹15 Cr Loan

AI Summary

Ganges Securities Ltd announced the outcome of its Board Meeting held on August 13, 2026. The board considered and approved the Unaudited Financial Results (Standalone and Consolidated) for the quarter ended June 30, 2026. Additionally, the board approved a proposal to grant an unsecured loan of up to ₹15,00,00,000/- (Rupees fifteen crores only) to Morton Foods Limited, subject to shareholder approval. The loan is being extended in the ordinary course of business on an arm's length basis. The meeting commenced at 3:00 p.m. and concluded at 5:00 p.m.

Key Highlights

  • Board approved unaudited financial results for Q1 FY27.
  • Standalone and consolidated results were declared.
  • Approved unsecured loan of up to ₹15 Cr to Morton Foods Ltd.
  • Loan subject to shareholder approval and on arm's length basis.
  • Meeting held on August 13, 2026.