Coromandel Engineering Company Limited declared the voting results of its 78th Annual General Meeting held on September 29, 2026. All four resolutions proposed in the notice were approved by shareholders with the requisite majority.

The meeting was conducted through Video Conferencing and Other Audio Visual Means. Shareholders adopted the financial statements for the year ended March 31, 2026. The agenda also included the re-appointment of Dr. Ennarasu Karunesan as a Non-Executive Director liable to retire by rotation, ensuring continuity in the board's composition.

Voting participation and turnout

The scrutinizer's report indicated a total of 4,260 shareholders on the record date of September 18, 2026. No shareholders attended in person or through proxy. Participation was entirely virtual, with 3 promoters and 31 public shareholders attending via video conferencing.

Resolutions passed

The company transacted ordinary business items as outlined in the notice dated August 12, 2026. Voting was facilitated through remote e-voting and electronic voting at the meeting. The following resolutions were approved:

For Resolution 1 (Adoption of Financial Statements), 24,979,236 votes were cast in favour against 2 votes against. For Resolution 2 (Director Re-appointment), the same vote count applied, with 2 invalid votes recorded.

Resolution 3, concerning related party transactions with Sri Lakshmi Ammal Educational Trust, saw significantly lower participation from the promoter group, who abstained from voting. Only 275,665 votes were polled, all from public non-institutional shareholders, with 275,663 in favour. Resolution 4, regarding Unnmai Financial Services Private Limited, saw promoter group participation return, with 24,779,236 votes in favour out of 24,779,238 total votes polled.

Governance and compliance

The Chairman informed members that the Auditors' report on the financial statements did not contain qualifications. However, the Secretarial Audit Report for the financial year ended March 31, 2026, included observations which were addressed and read out during the proceedings. Members were granted access to inspect registers of directors and contracts as required under the Companies Act, 2013.

The consolidated results of the voting process were announced to BSE Limited within two working days. The meeting was chaired by GV Manimaran, Chairman and Managing Director, who addressed shareholder queries regarding operations and financials for FY26.

Coromandel Engineering Company Ltd has closed its trading window for all insiders and designated persons effective October 1, 2026. The restriction remains in force until 48 hours after the declaration of unaudited financial results for the quarter and half year ending September 30, 2026.

Regulatory compliance details

The closure is implemented in accordance with the company's Code of Practices & Procedures for Fair Disclosure of Unpublished Price Sensitive Information. It also adheres to the Code of Conduct for Regulating and Monitoring Trading by Insiders. These measures are pursuant to the SEBI (Prohibition of Insider Trading) Regulations, 2015.

All designated persons and their immediate relatives have been instructed not to trade in equity shares of the company during this period. The company stated that the date of the board meeting for considering financial results will be informed in due course.