Coromandel Engineering Company Limited has received shareholder approval for four material related party transactions and the appointment of a new director through a postal ballot process concluded on July 11, 2026. The resolutions, which sought approval for transactions with entities such as Silver Sands Beach Resort and Accord Distilleries And Breweries Private Limited, were passed with overwhelming support. Additionally, Dr. Swetha (DIN: 01728751) was appointed as a Director (Non-Executive – Non-Independent) of the company.

The postal ballot was conducted via remote e-voting from June 11, 2026, to July 10, 2026, under the supervision of scrutinizer Vidhya Sivakumar of M/s. Vidhya & Associates. A total of 51,358 valid votes were polled for the resolutions concerning related party transactions with Silver Sands Beach Resort, Accord Distilleries And Breweries Private Limited, and Bharath Institute Of Higher Education & Research. In each of these cases, 99.85% of the votes were cast in favour, while 0.15% were against. Promoter votes were treated as invalid for these resolutions as the group was interested in the agenda.

For the resolution approving material related party transactions with Mrs. Kalaiarasi, a relative of a director, 24,765,737 valid votes were cast, with 99.999% in favour and 0.001% against. The appointment of Dr. Swetha also received 24,765,737 valid votes, with an identical 99.999% approval rate. No invalid votes were recorded for these two resolutions. The total number of shareholders on the record date of June 5, 2026, was 4,111.

Voting Results Summary

The scrutinizer confirmed that all votes were scrutinized and processed based on reports generated by the e-voting system provided by KFin Technologies Limited. The results were announced by G V Manimaran, Chairman and Managing Director, and will be communicated to BSE Limited. The company has complied with the provisions of Regulation 44 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and the Companies Act, 2013 regarding the postal ballot process.

Coromandel Engineering Company Limited has initiated a postal ballot process to seek shareholder approval for material related party transactions aggregating ₹310 crore for the financial year 2026-27 and the appointment of Dr. Swetha as a Non-Executive Non-Independent Director. The company has engaged KFin Technologies Limited to facilitate the remote e-voting facility, which will be open from June 11, 2026, to July 10, 2026. The resolutions cover transactions with four related parties and the ratification of a director's appointment.

Related Party Transactions

The Board of Directors has proposed ordinary resolutions to approve material related party transactions with Silver Sands Beach Resort, Accord Distilleries and Breweries Private Limited, Bharath Institute of Higher Education & Research, and Mrs. Kalaiarasi. These transactions involve the provision of construction services and are proposed to be conducted at arm's length in the ordinary course of business.

The Audit Committee and the Board approved these proposals on March 24, 2026. The transactions with Silver Sands Beach Resort and Bharath Institute of Higher Education & Research represent significant portions of the company's annual consolidated turnover, at 478.79% and 483.87% respectively, based on the immediately preceding financial year. The company stated that these capital expenditure projects are long-term investments and not directly correlated with annual operating turnover.

Director Appointment

Shareholders will also vote on the appointment of Dr. Swetha (DIN: 01728751) as a Director (Non-Executive – Non-Independent). Dr. Swetha was initially appointed to the Board on May 25, 2026, pursuant to Section 161(1) of the Companies Act, 2013, and is liable to retire by rotation. The appointment is based on the recommendation of the Nomination & Remuneration Committee. Dr. Swetha is a relative of the promoter, Mr. Sundeep Anand Jegath Rakshagan.

Postal Ballot Schedule

The remote e-voting facility is available to members whose names appear in the Register of Members or the Register of Beneficial Owners as on the cut-off date of June 5, 2026. The voting results will be announced within two working days of the conclusion of e-voting. Ms. Vidhya Sivakumar, Practicing Company Secretary, has been appointed as the Scrutinizer to oversee the process.