Carnation Industries Limited will close its Register of Members and Share Transfer Books from August 20, 2026, to August 26, 2026, to determine shareholder eligibility for its upcoming Annual General Meeting (AGM). The company confirmed that the AGM is scheduled to take place on August 26, 2026, and will be conducted through Video Conferencing or Other Audio-Visual Means (OAVM). This procedural step ensures that only shareholders recorded in the register during the closure period are entitled to vote and participate in the meeting.

The intimation was issued pursuant to Regulation 42 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and Section 91 of the Companies Act, 2013. Bhawna Gupta, Director of Carnation Industries Limited, signed the disclosure notice submitted to both BSE Limited and The Calcutta Stock Exchange Ltd. The company’s Scrip Code on BSE is 530609, and its Scrip Code on CSE is 13067.

Book Closure Details

The following table outlines the specific dates and purpose of the book closure as disclosed by the company:

Shareholders holding equity shares of the company must ensure their names appear in the Register of Members as of the end of business on August 26, 2026, to exercise voting rights at the AGM. During the closure period, no transfer of shares will be processed by the company’s registrar and transfer agent.

Regulatory Compliance

The disclosure aligns with mandatory regulatory requirements under Indian corporate law. Section 91 of the Companies Act, 2013, mandates the maintenance of a register of members and allows for the closure of transfer books to ascertain the list of members entitled to receive notices and vote at general meetings. Regulation 42 of the SEBI LODR Regulations, 2015, requires listed entities to intimate stock exchanges regarding such closures well in advance to ensure market transparency.

Carnation Industries Limited is headquartered at 9/C Kumar Para Road, 2nd Floor, Liluah, Howrah-711204. The company operates under CIN L25119WB1983PLC035920. Investors are advised to monitor further communications from the company regarding the agenda and resolutions to be placed before shareholders at the forthcoming AGM.

Carnation Industries reported a net loss of ₹51.62 lakh for the quarter ended June 30, 2026, widening from a net loss of ₹9.25 lakh in the corresponding period of the previous fiscal year. The company recorded nil revenue from operations for the third consecutive quarter, with total expenses rising to ₹49.83 lakh, driven largely by finance costs of ₹35.04 lakh. This financial performance underscores the ongoing operational challenges as the company navigates a period of zero top-line growth while carrying significant debt obligations.

The Board of Directors approved the unaudited financial results on July 30, 2026, pursuant to Regulations 30 and 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The results were reviewed by the Audit Committee and subsequently approved by the Board. Jain Saraogi & Co LLP, the statutory auditors, issued a limited review report on the interim financial results. The company also announced that its Annual General Meeting (AGM) will be held on August 26, 2026, via Video Conferencing/Other Audio-Visual Means (VC/OAVM). Remote e-voting will be open from August 23, 2026, to August 25, 2026, with the cut-off date for remote e-voting set at August 19, 2026.

Financial Performance Overview

The company’s income statement reflects a continued absence of operational revenue, with all income derived from other sources in prior periods now also standing at nil for the current quarter. Expenses remained elevated, particularly in finance costs, which increased sequentially from ₹32.49 lakh in the previous quarter to ₹35.04 lakh. Other expenses rose sharply to ₹9.12 lakh from ₹44.44 lakh in the preceding quarter, indicating some stabilization in non-financial overheads. Employee benefit expenses decreased slightly to ₹5.62 lakh from ₹6.30 lakh. The tax expense for the quarter stood at ₹1.79 lakh, comprising current tax of ₹1.79 lakh and negligible deferred tax benefits.

Regulatory and Corporate Developments

Statutory auditors drew attention to several material disclosures in their review report. First, an unclaimed dividend balance of ₹1.42 lakh remains pending transfer to the Investor Education and Protection Fund (IEPF). Second, while charges registered in favor of ICICI Bank were squared off during the previous fiscal year, the satisfaction of these charges has not yet been updated with the Registrar of Companies (ROC). Third, although shareholders approved an increase in authorized share capital from ₹700 lakh to ₹3,500 lakh via a special resolution dated November 16, 2025, the necessary Form SH-7 filing with the ROC is still in process. Consequently, the increased capital is not yet reflected in Ministry of Corporate Affairs (MCA) records.

Furthermore, the company continues to operate under its existing legal name despite shareholder approval for a change to "Ebravea Beverages Limited" via a special resolution dated November 16, 2025. The requisite statutory filings under Section 13 of the Companies Act, 2013, are pending, and the fresh certificate of incorporation has not been issued. Additionally, the proposed shift of the registered office from West Bengal to Delhi is awaiting regulatory approvals. These procedural delays highlight gaps in post-approval compliance execution.

Strategic Acquisitions and Investments

Despite the current operational hiatus, the company has pursued strategic expansion through acquisitions. During FY26, Carnation Industries entered into a Share Purchase Agreement (SPA) to acquire 100% equity shares in Oniv Beverages Private Limited for a consideration not exceeding ₹5.00 crore, payable through equity shares within FY27. As of June 30, 2026, the company had paid ₹116.99 lakh towards working capital as part of this SPA. Additionally, the company entered into a business purchase agreement with Integra Essentia Limited, paying an advance of ₹33.25 lakh against a total capital commitment of ₹332.50 lakh. These moves signal an intent to revitalize operations through portfolio diversification, though the integration and regulatory clearances remain pending.