Initmation of Publication of Newspaper advertisement of postal ballot notice
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Coromandel Engineering Company Ltd has informed BSE that it completed dispatching the Postal Ballot Notice (dated 23rd June 2025) along with the explanatory statement to all members whose names appear in the Register of Members as on the cut-off date of 20th June 2025. The notice was published in Makkal Kural (Tamil) on 24th June 2025 and Business Standard (English) on 25th June 2025, as required under company law. Through the postal ballot, members are being asked to vote (via remote e-voting only) on five resolutions, including: sub-division of Rs.100 face value preference shares into 10 shares of Rs.10 each, reclassification of share capital, adoption of a new Memorandum of Association, and approval of related-party transactions with Silver Sands Beach Resort and Alwars Research Centre. E-voting runs from 25th June 2025 (9:00 AM) to 24th July 2025 (5:00 PM).
This is a procedural compliance filing, but it signals upcoming corporate actions including preference share restructuring and related-party transactions that shareholders will need to vote on. Shareholders should review the resolutions, especially the share subdivision and related-party deals, and cast their e-vote before the 24th July deadline.