Announced Tue, 29 Sept, 2026 · 18:54 IST

78th AGM results: all 4 resolutions passed with over 99.99 percent majority

Board & Shareholder Meetings View source PDFExplain this filing

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On the reaction day the stock moved 4.2 pts more than Nifty Microcap 250 and 3.8 pts more than its Residential, Commercial Projects peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

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AI summary

Coromandel Engineering held its 78th AGM on September 29, 2026 via video conferencing. All 4 ordinary resolutions were passed with over 99.99 percent majority. These included adoption of FY26 financial statements, re-appointment of Dr Ennarasu Karunesan as Non-Executive Director liable to retire by rotation, and approval of material related party transactions with Sri Lakshmi Ammal Educational Trust and Unnmaii Financial Services. Of 4,260 shareholders on record date, 34 voted through e-voting. Promoters holding 2.47 crore shares voted in favour of all resolutions except the RPT with the educational trust where they abstained.

Likely market impact

Routine AGM compliance. All resolutions passed comfortably. No material governance changes for shareholders.