Coromandel Engineering Company Ltd — Important, 11-11-2025: Company Update

The company has confirmed no deviation in the use of proceeds from the allotment of 16,49,840 equity shares on a preferential basis. This update indicates that the funds raised have been utilized precisely as planned. The Audit Committee has reviewed and approved this confirmation, assuring investors about the company's adherence to its stated capital deployment strategy. This reflects strong financial governance and transparency, which is key for shareholder confidence.