Coromandel Engineering Company Ltd

Deviation status

• Purpose: confirms no deviation or variation in use of proceeds from the preferential equity allotment.
• Mode of fund raising: preferential allotment of equity shares.
• Audit Committee reviewed and approved the utilisation statement.
• Status: utilisation reported as in line with plan; no deviation.
• Reference: annexure containing confirmation is attached.

Board approvals

• Board approved standalone unaudited results for quarter ended 30 June 2026.
• Audit report dated 12 August 2026 by M/s CNGSN & Associates LLP.
• Standalone results will be available on the company website.
• Annexure II contains deviation in use of proceeds of preferential allotment.

Financial results and disclosures

• Approved standalone unaudited quarterly results for quarter ended 30 June 2026; Limited Review Report dated 12 Aug 2026.
• Extracts to be published in English and regional newspapers; results on company and stock exchange websites.

Proceeds deviation disclosure

• Disclosure on deviation in use of proceeds under Regulation 32 to be included in Annexure-II.

Directors and retirement

• Board noted re-appointment of Dr. Ennarasu Karunesan as Non-Executive Director; retirement by rotation at ensuing AGM.

AGM scheduling and notices

• Approved 78th AGM date: 29 September 2026, via Video Conferencing.
• Appointed Ms Vidhya Sivakumar as AGM Scrutinizer.
• Authorized MD to send AGM Notice with Annual Report to shareholders.

Resolutions and outcomes

• Related party transactions with Silver Sands Beach Resort approved (Ordinary); promoter group not interested, passed.
• Related party transactions with Accord Distilleries and Breweries Private Limited approved (Ordinary); promoter group abstained.
• Related party transactions with Bharath Institute of Higher Education and Research approved (Ordinary); promoter group abstained.
• Related party transactions with Mrs. Kalaiarasi, relative of Director approved (Ordinary); promoter group abstained.
• Appointment of Dr. Swetha Sundeep Anand as Director (Non-Executive, Non-Independent) approved; term not disclosed.

Dematerialisation status

• Details of dematerialised/rematerialised securities for the period furnished to all stock exchanges.
• Securities dematerialised/rematerialised have been listed on the relevant stock exchanges.

Financial Performance

• Q3 FY26 standalone revenue from operations was Rs. 616.16 lakhs, down from Rs. 668.35 lakhs YoY.
• Total expenses for Q3 FY26 were Rs. 612.08 lakhs, slightly lower than Rs. 614.62 lakhs in Q3 FY25.
• Profit before tax for Q3 FY26 was Rs. 4.08 lakhs, down from Rs. 54.24 lakhs in Q3 FY25.
• Net profit after tax for Q3 FY26 was Rs. 4.08 lakhs, compared to Rs. 67.24 lakhs in Q3 FY25.
• Basic and diluted EPS for Q3 FY26 were Rs. 0.00, versus Rs. 0.20 in Q3 FY25.

Expenses & Costs

• Finance costs decreased to Rs. 81.10 lakhs in Q3 FY26 from Rs. 90.51 lakhs in Q2 FY26.
• Employee benefits expense rose to Rs. 93.16 lakhs in Q3 FY26 from Rs. 88.49 lakhs in Q2 FY26.

Compliance & Regulatory ️

• Board noted Rs. 5,000 fine by BSE for delayed related party transaction filing, paid on 17 Dec 2025.

Business Model & Segments

• Single business segment: Construction; no segment-wise financials provided.