Description

SEBI announces the completion of Recovery Certificate No. RC7006 of 2023 issued against Carnation Industries Ltd. (PAN: AABCC0379E), signifying closure of the recovery proceedings in the matter of Carnation Industries Ltd.

Summary

SEBI has issued an order confirming the completion of Recovery Certificate No. RC7006 of 2023 against Carnation Industries Ltd. (PAN: AABCC0379E). This order signifies that the recovery proceedings initiated under the said certificate in the matter of Carnation Industries Ltd. have been concluded.

Key Points

  • Recovery Certificate No. RC7006 of 2023 has been marked as completed by SEBI.
  • The certificate was issued against Carnation Industries Ltd. (PAN: AABCC0379E).
  • Completion indicates that the dues/penalties under the recovery certificate have been settled or the recovery process has otherwise concluded.
  • This order is administrative in nature, closing out the enforcement/recovery action against the named entity.

Regulatory Changes

No new regulatory changes are introduced by this order. It represents the administrative closure of an existing enforcement mechanism (Recovery Certificate RC7006 of 2023).

Compliance Requirements

  • No new compliance requirements are imposed on market participants by this order.
  • The completion of the recovery certificate removes the outstanding recovery obligation for Carnation Industries Ltd. under RC7006 of 2023.

Important Dates

  • Recovery Certificate No.: RC7006 of 2023
  • Completion Order Date: February 26, 2026

Impact Assessment

This order has minimal broader market impact. It is a routine administrative order confirming the conclusion of a recovery proceeding against a specific entity, Carnation Industries Ltd. Investors and market participants at large are not directly affected. The order is relevant primarily to Carnation Industries Ltd. and any directly associated parties in the original enforcement matter.

Impact Justification

This is an administrative closure notice for a recovery certificate against a specific entity (Carnation Industries Ltd.). It signals completion of a past enforcement action and has no broader market-wide regulatory impact. Relevant only to the specific parties involved.