Appointment of Secretarial Auditor - M/s. Nithya Gokul & Associates for 5 consecutive FYs
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Coromandel Engineering Company Ltd has appointed M/s. Nithya Gokul & Associates, a Practicing Company Secretary firm led by Mrs. Rajmohan Nithya, as its Secretarial Auditor. The appointment was approved by the Board of Directors on August 13, 2025, on the recommendation of the Audit Committee. The term covers five consecutive financial years, from FY2025-26 through FY2029-30. This is a routine compliance requirement under SEBI's Listing Obligations and Disclosure Requirements Regulations, as Secretarial Auditors review the company's adherence to corporate laws and the Companies Act, 2013. The firm has confirmed there is no conflict of interest in taking up this engagement.
This is a standard governance and compliance disclosure and is unlikely to have any direct impact on the stock price or shareholder value. It signals that the company is meeting its statutory obligations to have a Secretarial Auditor in place for the next five years.