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Carnation Industries > Company History > Castings & Forgings > Company History of Carnation Industries - BSE: 530609, NSE: N.A
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Carnation Industries

BSE: 530609|ISIN: INE081B01010|SECTOR: Castings & Forgings
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Company History - Carnation Industries
Carnation Industries Limited (Hereinafter Referred To AsThe Company)
 Was Incorporated On 23 February 1983 Under TheCompanies 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 KunduAnd 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 count ries 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.
 
 -Company has decided to issue equity shares on right basis in the
 ratio of 1:2
 
 2005
 -Company has recommended a dividend of 6%.
 
 2007
 -Company has changed the E-mail ID for the investor grievances from
 carcast@vsnl.net to investor@carnationindustries.com.
  
 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.
 
 2012
 -Company has recommended dividend @ 6%.
 
 -Company as Appointed R  C. Jha as a Chairman of the company.
 
 2013
 - Company has recommended dividend @ 6%.
 
 
 2014
 - Company has recommended dividend Re. 0.80 for Equity share of Rs.
 10 each
 
 
 
 
 
 
Source : Dion Global Solutions Limited
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