CARNATIN

Carnation Industries Ltd. is a diversified enterprise operating in the industrial castings and consumer-facing beverages sectors. Historically focused on the manufacture of grey and ductile iron components for infrastructure, sanitation, and industrial applications, the company has recently undergone a significant operational turnaround following the completion of its Corporate Insolvency Resolution Process (CIRP). In 2025, the company strategically diversified its portfolio by acquiring a beverage business, transitioning into a "two-engine" business model aimed at long-term revenue resilience.