Proceedings of 40th Annual General Meeting of the Company.
Awaiting price reaction for this filing.
Carnation Industries Limited held its 40th Annual General Meeting on September 30, 2025, at 12:30 PM via video conferencing, concluding at 12:50 PM. A total of 39 members attended through VC, along with all 6 directors and key managerial personnel, the statutory auditor (Jain Saraogi & Co. LLP), and the scrutinizer (M/s. Avinash K & Co.). The CFO presented the financial performance for FY2024-25. Shareholders transacted 10 resolutions, including adoption of audited financial statements, reappointment of Director Bhawna Gupta (retiring by rotation), appointment of a secretarial auditor, and adoption of a new Memorandum of Association with amended objects clause. Several special resolutions were also passed to expand borrowing powers under Section 180, allow loans/guarantees under Section 185, raise investment limits under Section 186, and approve related party transactions under Section 188.
The special resolutions on expanded borrowing powers, higher loan/investment limits, and related party transactions give the company greater financial flexibility going forward, which may signal plans for fundraising, expansion, or restructuring. The new MOA and amended objects clause suggest the company may be preparing to enter new lines of business.