- All
- Important
- Financial Update
- Fund Raise
- Board Meeting
- Dividend/Bonus
- JV/Acquisition
- Investor Meet
- Insider Trade
- Pledging
- Others
Loading...
Coromandel Engineering reported a significant turnaround, posting a `0.41 Cr net profit for the financial year ended March 31, 2025, compared to a `4.40 Cr loss last year, despite a 67% revenue decline to `31.29 Cr. The company is expanding into new sectors beyond core construction, aiming for `50 Cr turnover by March 2026. Shareholders approved a preferential issue of 67.23 lakh equity shares at `40.05 each and a capital reclassification. Statutory auditors highlighted delays in some statutory payments (mostly rectified) and `7.26 Cr in unpaid MSME dues. A `0.01 Cr penalty for a compliance filing delay was paid. The Board has announced a meeting on September 18, 2025, to consider new related party transactions up to `200 Cr.