Coromandel Engineering Company Limited has been penalized by BSE for non-compliance with regulatory disclosure requirements, resulting in a fine payment of ₹5,900. The penalty stems from delayed submission of related party transactions disclosure for the half-year ended September 2025.

Regulatory Non-Compliance Details

The company received an email notification from BSE on December 17, 2025, imposing the fine under SEBI circular no. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024. The penalty was levied for violation of Regulation 23(9) of SEBI (LODR) Regulations, 2015, which mandates timely disclosure of related party transactions in the specified format within prescribed timelines.

Payment and Compliance Actions

The company promptly settled the penalty amount on the same day it received the notice. The fine of ₹5,900.00 represents the base penalty amount inclusive of 18% Goods and Services Tax, with no tax deduction at source applied to the payment.

Corporate Governance Measures

In adherence to regulatory requirements under Regulation 30 of SEBI (LODR) Regulations, 2015, Coromandel Engineering had previously made a corporate announcement to BSE on November 12, 2025, regarding this matter. The company has confirmed that both the subject matter of delayed compliance and the penalty payment will be presented to the Board of Directors at their next scheduled meeting.

Financial Impact Assessment

According to the company's disclosure, there is no material impact on financial implications arising from this penalty payment. The fine amount of ₹5,900.00 is considered nominal in relation to the company's overall operations and financial position.

The company has requested BSE to acknowledge receipt of the payment and confirm compliance for the above regulation, demonstrating its commitment to maintaining proper regulatory adherence going forward.

Coromandel Engineering Company Limited has issued a formal clarification to BSE Limited regarding recent movement in its equity share price, responding to a surveillance inquiry from the stock exchange. The company's response, dated December 17, 2025, addresses BSE's email inquiry from December 16, 2025, seeking explanation for the price movement in the company's equity shares.

Company's Response to Price Movement Inquiry

In its clarification letter to BSE Surveillance, Coromandel Engineering stated that the movement in the company's share price is purely due to market conditions and market-driven factors. The company emphasized that it has neither any control over such movements nor any specific undisclosed information that could have led to the price fluctuation.

Regulatory Compliance Confirmation

The company confirmed its adherence to disclosure requirements under SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Coromandel Engineering stated that it has consistently intimated the stock exchange of all events and information having an impact on its operations and performance, including all price-sensitive information as required under Regulation 30.

The company reiterated its commitment to keeping the stock exchange duly informed of any information required under the regulations as and when such events occur. This response demonstrates the company's transparency in addressing regulatory inquiries and maintaining compliance with disclosure norms.

Corporate Information

Coromandel Engineering Company Limited operates from its registered and corporate office located at Bascon Futura, No.10/2, Old No.56L, Venkatanarayana Road, T. Nagar, Chennai-600017. The company holds ISO 9001:2015 and ISO 45001:2018 certifications and is incorporated under CIN No: L74910TN1947PLC000343. The clarification was signed by G V Manimaran, Chairman and Managing Director of the company.