Coromandel Engineering Company Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 20/05/2025 ,inter alia, to consider and approve the following ....
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Awaiting price reaction for this filing.
Coromandel Engineering Company has called a Board meeting on May 20, 2025 to consider and approve the audited financial results for the quarter and year ended March 31, 2025. The Board will also consider sub-dividing the face value of un-issued Preference Shares from Rs. 100 to Rs. 10 each. Additionally, a proposal to reclassify the authorized share capital to Rs. 72 crore (comprising 5.2 crore equity shares of Rs. 10 each and 2 crore preference shares of Rs. 10 each) will be tabled, subject to shareholder approval. The trading window for designated persons is closed from April 1, 2025 until 48 hours after the results are declared.
Investors should watch May 20 for the full-year FY25 results, which could move the stock. The proposed share sub-division and capital reclassification are housekeeping items that improve share liquidity but are not immediately value-accretive without shareholder approval.