Carnation Industries Ltd Posts Q1 Results; Announces Major Acquisitions and AGM Schedule
Carnation Industries Limited has approved the unaudited financial results for the quarter ended June 30, 2026, and announced a series of strategic acquisitions following its Board meeting held on July 30, 2026. The company also set out key dates for its upcoming Annual General Meeting (AGM).The Board reviewed and approved the Unaudited Financial Results along with the Limited Review Report issued by the Statutory Auditors. Key financial highlights from the quarter ended June 30, 2026, show specific revenue and expense figures as detailed below:
| Particulars | Quarter Ended June 30, 2026 (Unaudited) (Rs in Lakhs) |
|---|---|
| Revenue from Operations | N/A |
| Other Income | 2.56 |
| Total Income (1+2) | 172.56 |
| Employee benefit expense | 5.62 |
| Finance costs | 35.04 |
| Depreciation and amortization expense | 0.05 |
| Other expenses | 9.12 |
| Total Expenses | 49.83 |
| Net Profit/(Loss) from continuing operations | (51.62) |
The Board also approved the AGM schedule, which includes a cut-off date for remote e-voting on August 19, 2026, and the remote e-voting period running from August 23, 2026 to August 25, 2026. The Book closure dates are set from August 20, 2026 to August 26, 2026. M/s Avinash K & Co., Practising Company Secretaries, have been appointed as the Scrutinizer for the remote e-voting process and voting during the AGM.
Strategic Expansion and Corporate Updates
In terms of strategic business developments, Carnation Industries Limited disclosed two major agreements entered into during the financial year 2025-26:1. A Share Purchase Agreement (SPA) to acquire 100% equity shares in Oniv Beverages Private Limited for a consideration not exceeding INR 5.00 Crores. Up to the quarter ended on June 30, 2026, a total amount of Rs 1169.94 lacs was paid toward working capital under this SPA.
2. A business purchase agreement with Integra Essentia 11 Limited, for which an advance of IN 332.50 lacs has been paid against a Total capital commitment of Rs 3325 Lakhs.
The company provided several updates regarding ongoing corporate processes:
- Share Capital and Name Change: The Board acknowledged that the approval granted by members in 2025-26 to increase Authorized Share Capital, as well as the proposal to change the Company's name from "Carnation Industries Limited" to "Ebravea Beverages Limited," is currently pending requisite statutory filings with the Registrar of Companies (ROC).
- Registered Office Shift: The process to shift the registered office from West Bengal to Delhi remains underway, having been approved by Members via a Postal Ballot resolution.
- Unclaimed Dividend: A balance of Rs 1.42 Lakhs pertaining to unclaimed dividends has been noted, and the company is processing the transfer of this amount to the Investor Education and Protection Fund (IEPF).
The Board meeting commenced at 03:10 P.M. and concluded at 04:35 P.M., with Directors Bhawna Gupta recording the decisions.
Stock Price Movement
Carnation Industries Ltd completed trading on Monday evening, settling at ₹93.59, registering zero percent movement from the previous close. The shares were completely locked throughout the session, with the high and low remaining perfectly flat at ₹93.59.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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