Latest news about Coromandel Engineering Company
Coromandel Engineering Company
55.50
+0.44(+0.80%)
Company Performance:
View Company Insights1D+0.80%
1M-0.59%
6M-26.40%
1Y-18.53%
5Y+72.63%
More news about Coromandel Engineering Company
09Jun 26
Coromandel Engineering seeks approval for ₹310 crore related party transactions
Coromandel Engineering Company Limited has announced a postal ballot to approve ₹310 crore worth of material related party transactions for FY26-27 with Silver Sands Beach Resort, Accord Distilleries and Breweries Private Limited, Bharath Institute of Higher Education & Research, and Mrs. Kalaiarasi. Shareholders will also vote on the appointment of Dr. Swetha as a Non-Executive Non-Independent Director. Remote e-voting is open from June 11, 2026, to July 10, 2026.
26May 26
Coromandel Engineering reports no deviation in fund use for Q4FY26
Coromandel Engineering Company Limited reported no deviation in the use of proceeds from a preferential allotment of equity shares for Q4FY26. The Audit Committee reviewed the utilization on May 25, 2026. The funds were raised on May 8, 2025, for general corporate purposes and project execution.
26May 26
Coromandel Engineering returns to profit in FY26, auditor flags dues
Coromandel Engineering Company Limited returned to profitability in FY26 with a net profit of ₹16.88 lakh, compared to a net loss of ₹95.98 lakh in the previous year. Revenue from operations increased to ₹4,308.84 lakh, while total expenses rose to ₹4,308.26 lakh, primarily due to higher sub-contracting costs. The statutory auditors, M/s. CNGSN & Associates LLP, flagged delays in remitting statutory dues such as GST, TDS, EPF, and ESI, and noted unpaid MSME dues amounting to ₹10,05,21,229.
26May 26
Coromandel Engineering appoints Dr. Swetha, re-appoints auditor
Coromandel Engineering Company Limited's Board approved the appointment of Dr. Swetha as an Additional Director and the re-appointment of M/s. B. Thiagarajan & Co. as Internal Auditor for FY 2026-2027 and FY 2027-2028 on May 25, 2026. Additionally, Mr. S Baskaran resigned from the Board effective the same date due to preoccupation.
11Apr 26
Coromandel Engineering Company Limited Submits SEBI Compliance Certificate for Q4FY26
Coromandel Engineering Company Limited has filed its SEBI Regulation 74(5) compliance certificate for Q4FY26, covering the quarter ended March 31, 2026. The certificate, issued by registrar KFin Technologies Limited and submitted to BSE on April 11, 2026, confirms proper reporting of dematerialized securities transactions to all relevant stock exchanges, demonstrating the company's adherence to regulatory requirements.
11Nov 25
Coromandel Engineering Confirms Proper Utilization of Rs 6.6 Crore Preferential Issue Proceeds
Coromandel Engineering Company Limited has confirmed that the Rs 6,60,76,092 raised from its recent preferential allotment of 16,49,840 equity shares is being used as intended. The company has utilized Rs 32,89,841.77 for general corporate purposes, upcoming projects, and bank guarantees. The Audit Committee has reviewed and approved this statement, ensuring compliance with SEBI regulations. G V Manimaran, Chairman and Managing Director, affirmed no deviation in the use of proceeds.
11Nov 25
Coromandel Engineering Reports Net Loss in Q2 FY26 Amid Preferential Equity Issue
Coromandel Engineering Company Limited reported a net loss of ₹69.12 lakhs in Q2 FY26, compared to a profit of ₹41.49 lakhs in Q2 FY25. The company raised ₹6.61 crores through a preferential equity issue, with ₹32.90 lakhs utilized for corporate purposes and projects. The Board of Directors approved Q2 and H1 FY26 results and reviewed the Limited Review Report. Mr. V Ramakrishnan resigned as Vice President - New Venture on November 10, 2025.
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