Coromandel Engineering Company Ltd — Important, 25-05-2026: Company Update

Coromandel Engineering Company announced that the proceeds from the allotment of 0.16 Cr (16,49,840) equity shares on a preferential basis have been utilized without any deviation or variation. This confirmation, covering the quarter and year ended 31st March 2026, provides assurance to shareholders regarding the transparent deployment of capital. The company's Audit Committee reviewed and approved this statement, reinforcing commitment to sound corporate governance. This update is important for investor confidence, demonstrating that funds raised are being used for their intended business objectives.