Disclosure under Regulation 30 read with Para A of Part A of Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
Awaiting price reaction for this filing.
Carnation Industries has disclosed that SEBI passed an Adjudication Order dated December 19, 2025, concluding proceedings that began with a Show Cause Notice from February 13, 2025. The proceedings related to certain equity share trading transactions in another BSE-listed company (G.G. Engineering Limited) carried out by the company's Promoter, certain family members, and associated entities in their individual capacity. Importantly, the order confirmed that no adverse findings, directions, or penalties have been imposed on any of the Noticees. The company has stated there is no impact on its financials, operations, or other activities.
This is a positive outcome for the company and its shareholders — the SEBI matter involving the Promoter has been resolved without any penalty or adverse order, removing the overhang of regulatory uncertainty. Investors should view this as a clean chit, with no financial or operational consequence to Carnation Industries.