1. MFL stake-building - Ganges raised its Morton Foods holding to 19.68% via a ₹3.45 crore rights allotment in Nov 2025, and the board has approved up to ₹15 crore more in loans or securities. MFL's ₹44.66 crore turnover gives Ganges a growing FMCG earnings leg at a fraction of its own market cap.
2. CFCL open-market buys - The board approved up to ₹20 crore of additional Chambal Fertilisers share purchases in FY25-26, lifting the stake toward 0.61%. At CFCL's ₹17,966 crore turnover, even a small holding adds dividend income and asset value to Ganges' ₹126 crore market cap.
3. CTL mechanisation - Cinnatolliah Tea invested in new machinery to automate operations and save manpower, and earned Rain Forest Alliance certification in FY26. The certification opens premium tea markets, while automation attacks the segment's ₹1.28 crore FY26 loss.