Description

SEBI issues a release order for Recovery Certificate No. RC7006 of 2023 against Carnation Industries Ltd. (PAN: AABCC0379E), indicating that the recovery proceedings in the matter of Carnation Industries Ltd. have been formally released.

Summary

SEBI has issued a Release Order for Recovery Certificate No. RC7006 of 2023 against Carnation Industries Ltd. (PAN: AABCC0379E) in the matter of Carnation Industries Ltd. This order formally releases the recovery certificate, signifying that the recovery proceedings initiated against the entity have been concluded and the certificate is being discharged.

Key Points

  • Recovery Certificate No. RC7006 of 2023 has been formally released by SEBI.
  • The certificate was issued against Carnation Industries Ltd. (PAN: AABCC0379E).
  • The release order indicates that the outstanding dues or penalties under the recovery certificate have been settled or the recovery action has otherwise been resolved.
  • This is an administrative enforcement order and does not impose any new obligations on other market participants.

Regulatory Changes

No new regulatory changes are introduced by this order. It represents the administrative release of an existing enforcement instrument — Recovery Certificate No. RC7006 of 2023 — against Carnation Industries Ltd.

Compliance Requirements

  • No new compliance requirements are imposed on market participants generally.
  • The release of the recovery certificate discharges the outstanding recovery obligation for Carnation Industries Ltd. under RC7006 of 2023.

Important Dates

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

Impact Assessment

This order has minimal broader market impact. It is a routine administrative order confirming the release of a recovery proceeding against a specific entity, Carnation Industries Ltd. General investors and market participants 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 release order for a recovery certificate against a specific entity (Carnation Industries Ltd.). It signifies the formal release/conclusion of a past enforcement action and has no broader market-wide regulatory impact. Relevant only to the directly involved parties.