Coromandel Engineering Company Ltd — Results, 20-05-2025: Result

Coromandel Engineering Company Limited has announced a board meeting to approve the audited financial results for the quarter and year ended March 31, 2025. The company reported a net profit after tax of ₹279.25 lakh for the quarter and a loss of ₹361.89 lakh for the year. M/s. B. Thiagarajan & Co. has been appointed as the internal auditor for FY 2025-26. The Board approved the sub-division of unissued preference shares from a face value of ₹100 each to ₹10 each and a reclassification of authorized share capital from ₹72 Cr divided into 4 Cr equity and 3.2 Cr preference shares to ₹72 Cr divided into 5.2 Cr equity and 2 Cr preference shares, subject to shareholder approval. The company also adopted a new Memorandum of Association to expand its business scope beyond core construction and engineering activities, covering sectors like manufacturing, environmental solutions, transport, defense, real estate, and renewable energy, aimed at future growth and diversification.