Coromandel engineering company Limited has submitted its quarterly compliance certificate under SEBI Regulation 74(5) for the quarter ended March 31, 2026. The regulatory filing demonstrates the company's adherence to mandatory reporting requirements for securities transactions during the quarter.

Regulatory Compliance Submission

The company filed the compliance certificate with BSE Limited on April 11, 2026, through a formal communication signed by Chairman and Managing Director GV Manimaran. The submission includes the required certificate issued by the company's registrar and share transfer agent, KFin Technologies Limited, dated April 1, 2026.

Certificate Details and Verification

KFin Technologies Limited, serving as the registrar to an issue and share transfer agent, issued certificates to both major depositories - Central Depository Services (India) Limited and National Securities Depository Limited. The certificates confirm that details of securities dematerialized and rematerialized during the quarter ended March 31, 2026, have been furnished to all stock exchanges where the company's shares are listed.

The certificates were signed by S R Ramesh, Deputy Vice President at KFin Technologies Limited, ensuring proper authorization and compliance with regulatory standards. Both depositories received identical confirmations regarding the company's adherence to SEBI requirements.

Corporate Governance Framework

The filing reflects Coromandel Engineering Company Limited's commitment to maintaining transparent corporate governance practices. The company operates under the tagline "Constructing Culture Beyond Excellence" and has been building since 1987. The systematic submission of regulatory certificates demonstrates the company's dedication to compliance with securities market regulations.

The documentation includes proper digital signatures and authentication, with Chairman and Managing Director GV Manimaran providing digital authorization on April 11, 2026. This ensures the authenticity and legal validity of the regulatory submission to BSE Limited.

Coromandel Engineering Company Limited has reported no deviation in the use of proceeds from its recent preferential allotment of equity shares. The company's statement, reviewed and approved by its Audit Committee, confirms that the funds raised have been utilized as intended, adhering to regulatory requirements.

Key Details of the Preferential Issue

Allocation of Funds

The company has allocated the proceeds for the following purposes:

• General corporate purposes
• Execution of upcoming projects
• Bank guarantees and performance guarantees for projects

Regulatory Compliance

Coromandel Engineering's disclosure aligns with Regulation 32 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The Audit Committee's review and approval of the statement on November 11 underscores the company's commitment to transparency and regulatory compliance.

Management Statement

G V Manimaran, Chairman and Managing Director of Coromandel Engineering Company Limited, confirmed in the official communication to BSE Limited that there has been no deviation or variation in the use of proceeds from the allotment of equity shares.

Investor Implications

This confirmation of proper fund utilization may provide reassurance to investors regarding the company's financial management and adherence to stated objectives. It demonstrates Coromandel Engineering's commitment to using the raised capital effectively for its intended purposes, which may include strengthening its operational capabilities and pursuing growth opportunities.

The company's proactive disclosure and adherence to regulatory requirements reflect positively on its corporate governance practices, which is often a key consideration for investors, especially in the context of preferential allotments.

As Coromandel Engineering continues to deploy the raised funds, stakeholders will likely monitor the impact on the company's project execution and overall financial performance in the coming quarters.