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Carnation Industries Ltd. Company History and Annual Growth Details

CARNATION INDUSTRIES LIMITED (HEREINAFTER REFERRED TO AS
THE COMPANY) WAS INCORPORATED ON 23 FEBRUARY 1983 UNDER THE
COMPANIES ACT, 1956 AS CARNATION ENTERPRISE PRIVATE LIMITED
AND SUBSEQUENTLY THE COMPANY WAS CONVERTED TO PUBLIC
LIMITED ON 9th NOVEMBER 1994. THE COMPANY SUBSEQUENTLY
APPLIED FOR A NAME CHANGE TO CARNATION INDUSTRIES LIMITED
AND A FRESH CERTIFICATE OF INCORPORATION WAS RECEIVED ON
5th JANUARY 1995.

The Company was promoted by Mr. RAVINDRA PRAKASH SEHGAL,
Mr. MADAN MOHAN KUNDU, both technocrats, MR. SANATAN KUNDU
AND MR. GAUTAM SENGUPTA.

They are the original subscribers to the Memorandum &
Articles of Association. Subsequently, Mr Gautam Sengupta
resigned.

The Company was formed for the purpose of manufacture of
grey iron castings and to primarily cater to the export
markets. The Company began as a merchant exporter and
subsequently in 1987 turned into manufacturer and exporter
beginning with just one foundry and later on established
another foundry after seeing the growing demand for its
products.

MAIN OBJECTS OF THE COMPANY

The main objects of the company as stated in the Memorandum
of Association are as under:

1. To acquire by purchase and take over as a going concern
the business of the firm now carried on at Calcutta and
elsewhere under the name & style of Carnation Enterprise
and all or any of the assets and liabilities of the
proprietorship firm in connection therewith.

2. To carry on the business as manufacturers, growers,
traders, buyers, sellers, importers, exporters,
distributors, stockists, agents, brokers consultants, and
dealers or otherwise deal in all kinds and forms of ferrous
and non ferrous metals, ferro alloys, iron & steel
including mild, high carbon spring, high speed, tool alloy,
stainless and special steels, iron, metals and alloys,
ingots, billets, bars, joists, rods, squares, structurals,
tubes, poles, pipes, sheets, castings wires, rails, rolling
material, rollers, semi manufacturers and other materials
made wholly or partly of iron, steel, alloys and metal iron
masters, iron workers, steel makers, electric and brass
founders and metal makers.

3. To carry on the business of manufacturers, fabricators,
processors, producers, growers, makers, importers,
exporters, buyers, sellers, suppliers, stockists, agents,
merchants, distributors, and concessionaires of and dealers
in synthetic rubber elastomers, synthetic resins, carbon
black, rubber latex, plastics latexes and formulations
thereof including reclaimed rubber, natural rubber, hides,
skin, leather, synthetic leather and all products made of
leather or synthetic leather including garments, shoes,
purses, bags, waterproof sheets and bags, raincoats and
resins,compounds and other products, petrochemicals calcium
carbide, styrene, butadine, ethylene, ethyl alcohol,
hydrocarbon, petroleum fractions, inorganic chemicals, fine
chemicals including photographic chemicals, paints,
varnishes and enamels, coke oven by products coal tar
distillation products like naphthalene, anthracene benzene,
phenol and the like pathalic anhydride, asbestos paper and
special jointing materials, graphite and silicon, carbide
crucibles, cryolite aluminium, fluoride, bromide,
polyvinyldioride electrodes including graphite electrodes,
arc welding rods, calcined petroleum coke, salt & allied
products, caustic soda, chlorine, thermotating and
thermoplastic, plastic and compounding amines and agents
and additives therefor, caprolactum and allied chemicals,
plasticizers, enzymes, acids amino acids, sulphates, and
other synthetic chemical and chemical substances-basic,
intermediate, finished or otherwise.

PRESENT BUSINESS OF THE COMPANY

The Company has been engaged in the Exports of Cast Iron
Goods for over a decade. During the last 7 years the
Company is manufacturing and exporting its entire
production to countries in the MIDDLE EAST, USA, EUROPE and
CANADA.

The Company at present has two foundries:

1. Liluah, Howrah which was set up in 1987; and

2. Another at Belgachia, Howrah which was set up in 1991.

The Company's products are of Industrial & Sanitary use for
the Construction Companies, Sewerage & Drainage
Departments, Pressure Pipe Industry, Engineering and other
Industries.g


2004

-Delists shares from the Ahmedabad Stock Exchange, Delhi Stock Exchange and Hyderabad Stock Exchange

- Carnation Industries Ltd has appointed Mr. Sekhar Chatterjee, as Additional Non-Executive Director of the Company w.e.f. June 27, 2007.

2009

- Carnation Industries Ltd has appointed Mr. B K Dutta as an Additional Director of the Company and he would be holding the position of the Additional Director till the conclusion of the next Annual General Meeting of the Company.
 
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