Resolution Plan- Suspension due to Reduction of Equity Share Capital of CARNATION INDUSTRIES LTD (Scrip Code: 530609)

• Notice No: 20241108-52
• Notice Date: 08 Nov 2024
• Category: Corporate Actions
• Segment: Debt

Trading members of the Exchange are hereby informed that, CARNATION INDUSTRIES LTD has fixed Record Date for the purpose of the Reduction of Share Capital as per the Resolution Plan approved vide Order passed by the Hon’ble National Company Law Tribunal, Kolkata Bench :-

COMPANY NAME & CODE	RECORD DATE	PURPOSE	No Dealings/ Suspension  w.e.f. Date/Settlement No.
CARNATION INDUSTRIES LTD (530609)	14/11/2024	As per the Resolution Plan approved by Hon’ble National Company Law Tribunal, Kolkata Bench,:- The entire existing paid-up share capital of the Corporate Debtor (the Company) shall stand cancelled on the effective date. Subsequently, the Successful Resolution Applicant shall allot such no. of shares to the promoter category for achieving 90% paid-up share capital of the Corporate Debtor (the Company). Further, the remaining 10% paid-up share capital shall be allotted to existing shareholders (Public Category) in proportion of their existing shareholding in the Corporate Debtor (the Company).	14/11/2024 DR- 758/2024-2025

Trading Members are requested to take note that Trading in the Company Equity Shares is currently Restricted on account of GSM.  Further, Trading in the Company Equity Shares will be suspended due to Corporate Action of Resolution Plan on and from 14.11.2024 and not available for  Trading till further notice.

Marian Dsouza

Senior Manager –Listing Operations (CRD)

November 08, 2024