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.

Carnation Industries Limited has announced the appointment of CS Sanjog as the company's new Company Secretary and Compliance Officer, following the board meeting held on February 26, 2026. The appointment was formally approved by the Board of Directors and communicated to stock exchanges in compliance with regulatory requirements.

Board Meeting Details

The Board of Directors convened their meeting on February 26, 2026, which commenced at 04:05 P.M. and concluded at 04:35 P.M. During this meeting, the board considered and approved the appointment of CS Sanjog as a Key Managerial Personnel of the company.

Professional Background and Qualifications

CS Sanjog brings significant expertise to his new role at Carnation Industries Limited. According to the official board communication, he is an Associate Member of the Institute of Company Secretaries of India and holds a Bachelor's degree in Commerce.

Key Qualifications and Experience

• Associate Member of the Institute of Company Secretaries of India
• Bachelor's degree in Commerce
• Extensive professional experience in corporate secretarial practice
• Strong expertise in statutory and regulatory compliances
• Corporate governance advisory experience
• Command over company law and secretarial standards
• Proficiency in handling complex corporate and compliance matters with precision and integrity

Regulatory Compliance and Stock Exchange Communication

The appointment was made in accordance with Regulation 30 read with Part A of Schedule III and Regulation 6 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company has duly informed both BSE Limited (Scrip Code: 530609) and The Calcutta Stock Exchange Ltd (Scrip Code: 13067) about this key managerial personnel change.

The official communication was signed by Bhawna Gupta, Director (DIN: 10101543), ensuring full compliance with regulatory requirements and maintaining transparency with stakeholders.

This strategic appointment reinforces Carnation Industries Limited's commitment to maintaining robust corporate governance standards and regulatory compliance frameworks under experienced leadership.