Appointment of Internal Auditor for the Financial year 2025-26.
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Coromandel Engineering Company has appointed M/s. B. Thiagarajan & Co., Chartered Accountants, as its Internal Auditor for the financial year 2025-26. The appointment was recommended by the Audit Committee and approved by the Board of Directors at their meeting held on May 20, 2025. The firm is described as well-established with experience in evaluating business processes, strengthening internal controls, and ensuring regulatory compliance across various sectors. The Board meeting ran from 12:40 PM to 6:40 PM on the same day. This is a routine annual appointment disclosed under SEBI's listing regulations.
This is a standard governance disclosure with no material impact on shareholders or the stock price. It reflects normal compliance with audit requirements and does not signal any underlying issues with the company's finances or governance.