SIL Investments Approves Rs. 2.5 Crore Investment in Morton Foods
Filing Summary
SIL Investments Limited’s board meeting on November 12, 2025, resulted in the approval of the company’s unaudited financial results for the quarter and half-year ending September 30, 2025. The board also sanctioned an investment not exceeding Rs. 2.5 crore in Morton Foods Limited through a rights issue. The company’s total income for the quarter was Rs. 2,244 lakhs, with a profit before tax of Rs. 2,010 lakhs. The meeting, which began at 12 noon and concluded at 12:55 p.m., also included a review of the limited audit report.
SIL Investments Limited held a board meeting on November 12, 2025, where the directors approved the unaudited financial results for the quarter and half-year ending September 30, 2025. The board also decided to invest an amount not exceeding Rs. 2.5 crore in Morton Foods Limited by acquiring equity shares offered through a rights issue. The financial results and the limited review report are available on the company’s website.
The financial results for the quarter ending September 30, 2025, show a total income of Rs. 2,244 lakhs. This includes interest income of Rs. 289 lakhs and dividend income of Rs. 2,010 lakhs. The company reported a net gain on fair value changes of Rs. (55) lakhs. Total expenses for the quarter were Rs. 234 lakhs, resulting in a profit before tax of Rs. 2,010 lakhs. The tax expense for the period was Rs. 420 lakhs, leading to a profit for the period of Rs. 1,569 lakhs.
The operational scope includes the investment in Morton Foods Limited, an unlisted company in the FMCG sector. The investment will be made by acquiring equity shares offered through a rights issue, including any additional shares. This is part of the company’s ordinary course of business, and SIL Investments does not intend to acquire control over Morton Foods Limited.
The timeline for the completion of the investment is set for on or before December 31, 2025. This timeline aligns with the rights issue schedule of Morton Foods Limited, allowing SIL Investments to participate fully in the offering.
The parties involved in this transaction include SIL Investments Limited and Morton Foods Limited. SIL Investments will acquire shares through the rights issue, while Morton Foods Limited will issue the shares. The transaction is conducted at arm’s length, with the promoter group having an interest in Morton Foods Limited to the extent of shares held.
Morton Foods Limited operates in the FMCG sector, offering products such as canned fruits, vegetables, jams, ketchup, juices, and ready-to-eat meals. The company was incorporated on March 19, 2015, and reported a turnover of Rs. 44.66 crore for the year ending March 31, 2025. The investment by SIL Investments is part of its strategy to diversify its portfolio within the FMCG sector.
SIL Investments Limited focuses on investment and financing activities. The company aims to enhance its portfolio through strategic investments in various sectors, including FMCG. By participating in rights issues and acquiring equity shares, SIL Investments seeks to optimize its investment returns while maintaining a diversified portfolio.