Coromandel Engineering Company Ltd — Updates, 13-08-2025: Company Update

Coromandel Engineering Company has confirmed no deviation in the utilization of funds raised from the preferential allotment of 16.49 lakh equity shares. The company stated that these proceeds have been used exactly as intended, without any variation from the original plan. This update, reviewed and approved by the Audit Committee, ensures transparency regarding how the capital raised from these shares is being deployed, fostering investor confidence in the company's financial management.