Coromandel Engineering Company Ltd — Others, 23-06-2025: AGM/EGM

Coromandel Engineering Company Limited has announced a postal ballot for shareholder approval on several key resolutions. These include subdividing each preference share of ₹100 into 10 shares of ₹10 each, reclassifying the authorized share capital to 5.2 Cr equity shares and 2 Cr preference shares of ₹10 each, and adopting a new Memorandum of Association aligned with the Companies Act, 2013. The revised MOA expands the company’s business scope to include diversified sectors like rare earth minerals, environmental technologies, real estate, defense, transport equipment, batteries, logistics, and sustainable practices. Additionally, approval is sought for material related party transactions with Silver Sands Beach Resort and Azvargal Aaivu Maiyam, for contractual values of ₹120 Cr and ₹150 Cr respectively, planned for FY 2025-26. These changes provide operational flexibility and support strategic growth initiatives.