Carnation Industries Limited has announced the resignation of its Company Secretary and Compliance Officer, Mrs. Parul Rai, effective from the close of business hours on January 31, 2026. The resignation was submitted citing personal reasons and to pursue other career opportunities.

Key Details of the Resignation

The company has informed both BSE Limited and The Calcutta Stock Exchange about this key managerial personnel change through a formal intimation dated January 31, 2026. Mrs. Parul Rai, who holds membership number A62873, served as both Company Secretary and Compliance Officer and was classified as a Key Managerial Personnel (KMP) of the company.

Regulatory Compliance and Disclosures

Carnation Industries has made this disclosure in compliance with Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The intimation was made pursuant to the requirements under Regulation 30 read with Part A of Schedule III and other applicable provisions of the listing regulations.

The company has provided requisite details as per SEBI Master Circular bearing Reference No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024. Mrs. Parul Rai has confirmed that there are no other material reasons for her resignation apart from those stated in her resignation letter.

Transition and Handover Process

In her resignation letter addressed to the Board of Directors, Mrs. Parul Rai committed to extending full cooperation to ensure a smooth transition of her responsibilities. This includes:

• Handing over of documents and records
• Transfer of digital access
• Completion of ongoing compliance matters

The resignation letter was submitted pursuant to the provisions of Section 203 of the Companies Act, 2013 read with applicable rules, and Regulation 6(1) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Mrs. Rai has requested the Board to arrange for necessary filings with the Registrar of Companies (Form DIR-12) and required disclosures to stock exchanges.

Company Information

Carnation Industries Limited is incorporated with CIN: L25119WB1983PLC035920 and is headquartered at 9/C Kumar Para Road 2nd Floor, Liluah Howrah-711204. The company's shares are listed on BSE Limited with scrip code 530609 and on The Calcutta Stock Exchange with scrip code 13067. The intimation was signed by Director Bhawna Gupta (DIN: 10101543) on behalf of the company.

Carnation Industries Limited announced its unaudited financial results for the quarter and nine months ended December 31, 2025, revealing increased losses amid ongoing strategic business expansion initiatives. The company's board meeting held on January 27, 2026, approved the financial statements following review by the audit committee.

Financial Performance Overview

The company's financial performance for Q3FY26 showed deterioration compared to the previous year, with losses widening across key metrics.

Nine-Month Performance Comparison

The nine-month period ending December 31, 2025, showed a significant reversal from the previous year's profitability.

Expense Analysis

The company's expense structure showed significant changes during Q3FY26, with notable increases in finance costs and employee benefit expenses.

Key expense components for Q3FY26:

• Employee benefit expense: ₹7.52 lakhs (vs ₹4.19 lakhs in Q3FY25)
• Finance costs: ₹30.55 lakhs (vs nil in Q3FY25)
• Other expenses: ₹13.72 lakhs (vs ₹17.57 lakhs in Q3FY25)
• Depreciation: ₹0.05 lakhs (vs ₹0.26 lakhs in Q3FY25)

Strategic Business Initiatives

Carnation Industries is actively pursuing strategic acquisitions to expand its business portfolio. The company entered into a Share Purchase Agreement to acquire 100% equity shares in Oniv Beverages Private Limited for a total consideration not exceeding ₹5.00 crores. The acquisition will be executed through equity share allotment within the current fiscal year, subject to necessary approvals.

Additionally, the company entered into a business purchase agreement with Integra Essentia Limited, paying an advance of ₹329.18 lakhs during the quarter.

Corporate Developments

The company received listing approval from Bombay Stock Exchange on March 26, 2025, with successful completion of the corporate action for crediting shares to shareholders' accounts. The weighted average paid-up equity share capital remained stable at ₹345.72 lakhs with a face value of ₹10 per share.

Key corporate highlights:

• No interim dividend recommended for the current period
• No investor complaints received during Q3FY26
• Unclaimed dividend of ₹1.42 lakhs pending transfer to IEPF
• Company has not commenced business operations except administrative functions