Disclosure under Regulation 30 of the SEBI (LODR) Regulations, 2015.
Awaiting price reaction for this filing.
Carnation Industries informed the stock exchanges that officials from the Enforcement Directorate (ED) visited the residence of one of its promoters and the office of another entity where the promoter also holds interest. The company clarified that the matter is a decade-old case involving unrelated third parties, with whom the promoter's other entity had no dealings or underlying interests. The visit concluded without any adverse outcome, and the company itself was not contacted or visited. The company emphasized that the matter has no bearing on its business operations or financial position.
No direct impact on the company or its shareholders, as the ED visit was related to the promoter's other entity and involved unrelated parties. However, the news may cause short-term sentiment volatility or speculation around the stock until the market absorbs the clarification.