Notice of Postal ballot through E-Voting.
Awaiting price reaction for this filing.
Carnation Industries Ltd has sent a postal ballot notice to shareholders for five special resolutions, with e-voting open from October 18, 2025 to November 16, 2025. The key proposals include: (1) changing the company name to 'Ebravea Beverages Limited', suggesting a pivot to the beverages sector; (2) raising funds up to Rs. 150 crore through equity shares, GDRs, FCCBs or other securities; (3) increasing authorized share capital five-fold from Rs. 7 crore to Rs. 35 crore (3.5 crore equity shares of Rs. 10 each); (4) shifting the registered office from West Bengal to Delhi; and (5) seeking approval to achieve and maintain the mandatory 25% minimum public shareholding. The cut-off date for shareholder eligibility is October 10, 2025, and NSDL has been appointed as the e-voting facilitator.
This signals a major corporate restructuring — a rebrand into the beverages space, a possible equity dilution of up to Rs. 150 crore, and a likely equity infusion from promoters to fix the public shareholding shortfall. Shareholders should review the name change, capital raise scale, and dilution impact carefully before voting.