Notice of 40th Annual General Meeting (AGM) to be held on Tuesday, September 30, 2025.
Awaiting price reaction for this filing.
Carnation Industries Ltd has called its 40th AGM for Tuesday, September 30, 2025 at 12:30 PM via video conferencing. Ordinary business includes adopting audited FY2024-25 financials and reappointing Ms. Bhawna Gupta (DIN: 10101543) as Director, who retires by rotation. Key special business items include appointing M/s Avinash K & Co. as Secretarial Auditor for five years (FY2025-26 to FY2029-30), adopting a new Memorandum of Association, and amending the objects clause to diversify into alcoholic and non-alcoholic beverages (wines, beer, whisky, IMFL, juices, energy drinks, etc.). The company is also seeking shareholder approval to raise borrowing limits to Rs. 250 crores, increase loan and investment limits to Rs. 250 crores under Section 186, and approve related party transactions up to Rs. 125 crores for FY2025-26. E-voting will be open from September 27 to September 29, 2025, with cut-off date of September 23, 2025.
The most significant move is the proposed diversification into alcoholic and non-alcoholic beverages, which signals a major pivot from the company's current line of business and could reshape its growth trajectory. The sharp jump in borrowing and investment limits (to Rs. 250 crores) suggests potential expansion plans, while the Rs. 125 crore related party transaction limit indicates ongoing business with connected parties—shareholders should review these proposals carefully before voting.