Carnation Industries 2026 AGM Proceedings Summary

Meeting Details

The Annual General Meeting of Carnation Industries Limited was held on Wednesday, August 26, 2026, at 11:00 A.M. (IST) through Video Conferencing/Other Audio-Visual Means (OAVM). The meeting was conducted in compliance with the Companies Act, 2013, MCA circulars, and SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Attendance

Directors/KMPs/other representatives in attendance:

• Ms. Bhawna Gupta - Executive Director
• Ms. Sony Kumari - Independent Director
• Mr. Bhartendu Pratihasta - Chief Financial Officer
• Mr. Sanjog - Company Secretary & Compliance Officer
• M/s. Avinash K & Co., Company Secretaries - Scrutinizer & Secretarial Auditor
• M/s. Jain Saraogi & Co. LLP, Chartered Accountants - Statutory Auditor

Members present through Video Conferencing/OAVM: 34 Members

Proceedings Summary

Mr. Sanjog, Company Secretary and Compliance Officer, welcomed members and introduced the attendees. He briefed members on the arrangements for conducting the AGM through VC/OAVM, including remote e-voting and e-voting during the AGM through NSDL.

Remote e-voting facility was available to eligible members as of the cut-off date of August 19, 2026. M/s. Avinash K & Co., Company Secretaries, were appointed as Scrutinizer to scrutinize both remote e-voting and e-voting during the AGM.

Ms. Bhawna Gupta, Executive Director, apprised members of the Company's key developments, strategic initiatives and future plans, including:

• Successful implementation of the Resolution Plan
• Consequential changes in the share capital, management and control
• Strategic diversification into the winery and beverages sector

Mr. Bhartendu Pratihasta, Chief Financial Officer, briefed members on:

• Company's financial position for Financial Year 2025–26
• Company's Minimum Public Shareholding requirement
• Measures undertaken towards achieving the prescribed Minimum Public Shareholding requirement

Business Transacted

The following items were transacted at the meeting:

Ordinary Business:

1. To Receive, Consider and Adopt the Audited Financial Statements of the Company for the Financial Year ended March 31, 2026 and the reports of the Board of Directors and auditors thereon

2. To Appoint a Director in Place of Ms. Bhawna Gupta (DIN: 10101543), Director, Who Retires by Rotation and Being Eligible, Offers Herself for Reappointment

Special Business:

3. Approval For Related Party Transactions Under Section 188 of the Companies Act, 2013

4. Amendment in the object clause of the memorandum of association of the company

Voting and Results

All resolutions were put to vote through electronic voting facility. The voting results, together with the Scrutinizer's Report, were to be declared within the prescribed timeline and submitted to BSE Limited and made available on the Company's website and NSDL portal.

Meeting Conclusion

The meeting concluded with a vote of thanks at 11:17 A.M.