Carnation Industries Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 26/05/2026 ,inter alia, to consider and approve In terms of Regulation ....
Awaiting price reaction for this filing.
Carnation Industries Limited has announced a board meeting scheduled for May 26, 2026. The meeting will consider and evaluate permissible options to achieve minimum public shareholding threshold, potentially through issuance of securities or other means. The company also plans to appoint necessary intermediaries for this purpose. Additionally, the trading window has been closed for all Designated Persons with immediate effect and will reopen 48 hours after the outcome of the board meeting is declared.
This indicates the company may be below the mandatory 25% public shareholding requirement and is evaluating ways to comply. Any securities issuance or other dilutive measures could impact existing shareholder value.