CARNATION INDUSTRIES LTD.

Carnation Industries Ltd has disclosed a significant development concerning one of its Promoters, Mr. Vikas Garg, who has been taken into custody by the Directorate of Enforcement (ED) under the Prevention of Money Laundering Act, 2002. This action is in continuation of earlier proceedings related to transactions involving foreign entities and FPIs. The company is consulting legal advisors to assess the situation and determine appropriate steps. Carnation Industries has stated that this development has no material impact on its ongoing business operations, which continue as usual. Further disclosures will be made as required by law.

Carnation Industries Ltd has announced the closure of its trading window for dealing in the company's securities. This closure is in compliance with SEBI (Prohibition of Insider Trading) Regulations, 2015, and the company's internal code of conduct. The trading window will be shut from July 1, 2026, until 48 hours after the declaration of the financial results for the quarter ended June 30, 2026. During this period, all designated persons and their immediate relatives are prohibited from trading in the company's shares. The date of the board meeting to approve these financial results will be communicated separately.

Carnation Industries Ltd has been informed by its Promoter about the receipt of a Provisional Attachment Order from the Directorate of Enforcement. The order relates to proceedings involving foreign entities and SEBI-registered FPIs concerning transactions under examination, including alleged ultimate beneficiaries and third-party predicate offenses. The company states that no predicate offense has been alleged against itself or its Promoters. Carnation Industries continues normal operations with no impact on its business, financial position, or strategic priorities. The company is examining appropriate legal recourse.

Carnation Industries Ltd's board approved raising funds via a Rights Issue of equity shares with a face value of ₹10 each, for an aggregate amount not exceeding ₹50 Crores. This decision, made during the board meeting on May 26, 2026, aims to achieve the minimum public shareholding threshold and fund the company's business requirements. The board has authorized necessary actions, including appointing intermediaries and obtaining regulatory approvals for the Rights Issue.

Carnation Industries Ltd's board approved raising funds up to ₹50 Crores through a Rights Issue of fully paid-up equity shares with a face value of ₹10 each. This decision aims to meet minimum public shareholding requirements and fund business needs. The board has authorized necessary actions, including appointing advisors and obtaining regulatory approvals for the Rights Issue.

Carnation Industries Ltd has scheduled a Board of Directors meeting on May 26, 2026, to consider and evaluate options for achieving minimum public shareholding, including the issuance of securities. The board will also consider appointing necessary intermediaries. The trading window for dealing in the company's securities will be closed for designated persons and their immediate relatives, reopening 48 hours after the board meeting outcome is declared.

Carnation Industries Ltd. announced its audited financial results for the quarter and financial year ended March 31, 2026. The Board of Directors approved the results in a meeting held on May 05, 2026. The statutory auditors, Jain Saraogi & Co LLP, issued an audit report with an unmodified opinion on the financial results. The board also approved the appointment of M/s Jha Gunjan & Associates as the Internal Auditor for the financial year 2026-27.

Carnation Industries Ltd's Board of Directors approved the audited financial results for the quarter and financial year ended March 31, 2026, along with the auditor's report with an unmodified opinion. The board also approved the appointment of M/s Jha Gunjan & Associates as the Internal Auditor for the financial year 2026-27. The board meeting was held on May 5, 2026, from 5:30 P.M. to 7:15 P.M.

Carnation Industries Ltd has announced the closure of its trading window in accordance with the SEBI (Prohibition of Insider Trading) Regulations, 2015, and the Company’s Code of Conduct for Prevention of Insider Trading. The trading window will be closed from April 1, 2026, and will remain closed until 48 hours after the declaration of the Financial Results for the quarter and year ended March 31, 2026. The date of the Board Meeting for the approval of these financial results is yet to be intimated. During this closure period, all Designated Persons and their immediate relatives are prohibited from dealing in the securities of the Company.

Carnation Industries Ltd, in a recent board meeting held on February 26, 2026, announced the appointment of CS Sanjog (Membership No.: ACS 37709) as the Company Secretary and Compliance Officer of the company. Sanjog, an Associate Member of the Institute of Company Secretaries of India, holds a Bachelor’s degree in Commerce and brings extensive professional experience in corporate secretarial practice, statutory and regulatory compliances, and corporate governance advisory. The meeting was convened at 04:05 P.M. and concluded at 04:35 P.M.