Pursuant to Regulation 30 read with Schedule III and other applicable provisions of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, Carnation Industries has informed that the Board of Directors of the Company, at its meeting held today, May 26, 2026 at Corporate Office of the Company, for the purpose of achieving the minimum public shareholding threshold under applicable regulatory requirements, and fund the business requirement of the Company, has considered and approved the raising of funds by way of a Rights Issue of fully paid-up equity shares of face value of Rs. 10/- each (‘Equity Shares’), for an aggregate amount not exceeding ?50 Crores, to the eligible equity shareholders of the Company, in accordance with applicable laws and regulations. The Board has also accorded all necessary approvals and authorizations in connection with the proposed Rights Issue, including authorization to undertake requisite actions, appoint intermediaries/advisors, and obtain necessary statutory and regulatory approvals, as may be required for implementation of the said Rights Issue. The Board Meeting commenced at 12:10 pm and concluded at 01:25 pm.
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|---|---|
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| Nelcast | 143.45 |
| Steelcast | 288.10 |
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