Coromandel Engineering Company Ltd — Updates, 08-05-2025: Company Update

Coromandel Engineering Company Limited has announced a preferential allotment of 16,49,840 equity shares at Rs. 40.05 each, raising Rs. 6.61 Cr from promoters and non-promoter investors. This capital infusion increases the paid-up equity share capital to Rs. 34.88 Cr. The allotment includes a significant portion to promoter Mr. Sundeep Anand Jegath Rakshagan and multiple non-promoter investors, supporting the company’s equity base for growth and operations. This move strengthens the company’s financial position and offers shareholders enhanced capital structure stability.