40th Annual Report of the Company for the Financial Year 2024-25
Awaiting price reaction for this filing.
Carnation Industries Ltd has submitted its 40th Annual Report for FY 2024-25 to BSE (Scrip Code: 530609) and Calcutta Stock Exchange. The 40th Annual General Meeting is scheduled for Tuesday, September 30, 2025, at 12:30 PM via video conferencing. Key items on the AGM agenda include adoption of audited financial statements, re-appointment of Executive Director Ms. Bhawna Gupta (DIN: 10101543) who retires by rotation, and appointment of M/s Avinash K & Co. as Secretarial Auditor for five years (FY 2025-26 to FY 2029-30). The company is also seeking shareholder approval to fundamentally shift its business focus by amending its Objects Clause to enter the alcoholic and non-alcoholic beverages industry, including manufacturing of beer, whisky, wine, gin, rum, vodka, IMFL, and setting up breweries, distilleries, and wineries. Additionally, the company is seeking approval to raise borrowing limits up to Rs. 250 crores, increase investment/loan limits to Rs. 250 crores, and approve related party transactions up to Rs. 125 crores for FY 2025-26.
The proposed amendment to the Objects Clause signals a major strategic pivot from the company's existing business (non-ferrous metal trading, as suggested by its original CIN sector L27209) into the alcoholic beverages sector, which could be a significant value driver if executed. The higher borrowing and investment limits (Rs. 250 crore each) and related party transaction approvals (Rs. 125 crore) suggest the company is preparing to fund major expansion. Shareholders should monitor the AGM outcome on September 30, 2025, as it could materially change the company's business direction and capital structure.