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About Palash Securities Ltd Palash Securities Limited, incorporated on March 23, 2015, operates as a Core Investment Company (CIC) under RBI guidelines, focusing on investments in securities and immovable properties, primarily related to group companies. The company has five subsidiaries, with its business operations conducted mainly through these entities. Three wholly-owned subsidiaries—OSM Investment & Trading Company Limited, Champaran Marketing Company Limited, and Hargaon Investment & Trading Company Limited—are registered Non-Banking Financial Companies (NBFCs), primarily focused on investment activities. Additionally, Hargaon Properties Ltd, a step-down subsidiary, invests in properties. Morton Foods Limited, another subsidiary, is involved in food processing, producing canned fruits, vegetables, jams, and more, marketed under the brand Morton.
Palash Securities has a manufacturing unit in Prayagraj and a well-structured retail distribution network across North, East, and Central India, reaching 52,000 outlets through 350 distributors. The company realigned its businesses in 2017, transferring its food processing business to Allahabad Canning Limited (now Morton Foods), with significant equity issuance as part of this restructuring.