Coromandel Engineering Company Ltd — Board Meeting, 20-05-2025: Board Meeting

Coromandel Engineering Company Limited has announced a board meeting on which it approved the audited financial results for the quarter and year ended March 31, 2025, reporting a net profit after tax of Rs. 2.79 Cr. The Board appointed M/s. B. Thiagarajan & Co. as internal auditors for FY 2025-26. It approved the sub-division of 32 lakh unissued preference shares from Rs.100 to Rs.10 face value and reclassification of authorized share capital, subject to shareholder approval. The company adopted a new Memorandum of Association to broaden its core construction and engineering business, allowing diversification into areas like rare earth minerals, environmental technologies, real estate, medical and defense equipment, EVs, and logistics, positioning for future growth and strategic expansion.