Coromandel Engineering Company Ltd — Others, 25-07-2025: AGM/EGM

Coromandel Engineering Company Limited's shareholders have overwhelmingly approved all five resolutions proposed via postal ballot. A key decision involves the sub-division of preference shares, transforming each Rs. 100 share into ten Rs. 10 shares, a move likely to boost liquidity and investor accessibility. Concurrently, shareholders sanctioned changes to the company's capital structure and adopted a new Memorandum of Association. Furthermore, two material related party transactions, one with Silver Sands Beach Resort and another with Azvargal Aaivu Maiyam, also received shareholder approval, demonstrating robust corporate oversight.