Key Quantitative Figures

  • Silver Sands Beach Resort RPT: Maximum aggregate value not exceeding ₹150 crore during FY 2026-27
  • Accord Distilleries RPT: Maximum aggregate value not exceeding ₹5 crore during FY 2026-27
  • Bharath Institute RPT: Maximum aggregate value not exceeding ₹150 crore during FY 2026-27
  • Mrs. Kalaiarasi RPT: Maximum aggregate value not exceeding ₹5 crore during FY 2026-27
  • Total RPT Value: ₹310 crore for FY 2026-27

Dates of Action

  • Cut-off Date: Friday, 5th June 2026 (for determining voting eligibility)
  • Notice Dispatch Date: Tuesday, 9th June 2026
  • E-Voting Commencement: Thursday, 11th June 2026 at 09:00 AM IST
  • E-Voting End: Friday, 10th July 2026 at 05:00 PM IST
  • Director Appointment Date: 25th May 2026 (effective date for Dr. Swetha's appointment)
  • Board Approval Date: 24th March 2026 (for RPT approvals)

Parties Involved

Related Parties:

  • Silver Sands Beach Resort (Sole proprietorship of Mr. Sundeep Anand Jegath Rakshagan, Promoter)
  • Accord Distilleries and Breweries Private Limited (Promoter Company holding 18.51% in CECL)
  • Bharath Institute of Higher Education & Research (Managed by Mr. Sundeep Anand as Trustee)
  • Mrs. Kalaiarasi (Relative of Mr. G.V. Manimaran, Chairman & Managing Director)

Service Providers:

  • KFin Technologies Limited (Registrar and Share Transfer Agent for e-voting)
  • Ms. Vidhya Sivakumar, Practicing Company Secretary (Appointed as Scrutinizer)

Key Personnel Authorized:

  • Mr. G.V. Manimaran, Chairman and Managing Director
  • Mr. A.K. Babu Ismath Razack, Chief Financial Officer
  • Ms. Sneha Jain, Company Secretary & Compliance Officer

Transaction Details

Silver Sands Beach Resort RPT (₹150 crore)

  • Nature: Construction services for star category resort at Mamallapuram, ECR
  • Relationship: Sole proprietorship of Mr. Sundeep Anand Jegath Rakshagan, Promoter
  • Previous FY Transaction: ₹8 crore in 2025-26
  • Value as % of Company Turnover: 478.79% of FY25 consolidated turnover
  • Value as % of Related Party Turnover: 984.14% of FY25 turnover (₹15.24 crore)
  • Related Party FY25 Financials: Turnover ₹15.24 crore, PAT ₹9.34 crore, Net Worth ₹1.30 crore

Accord Distilleries RPT (₹5 crore)

  • Nature: Construction services including civil construction and infrastructure development
  • Relationship: Promoter Company holding 18.51% in CECL
  • Previous FY Transaction: Nil in 2025-26
  • Value as % of Company Turnover: 16.12% of FY25 consolidated turnover
  • Value as % of Related Party Turnover: 4.30% of FY25 turnover (₹116.18 crore)
  • Related Party FY25 Financials: Turnover ₹116.18 crore, PAT -₹48.28 crore, Net Worth ₹510.97 crore

Bharath Institute RPT (₹150 crore)

  • Nature: Construction services including hostel construction, repairs, and renovations
  • Relationship: Managed by Mr. Sundeep Anand as Trustee of Ammal Educational Trust
  • Previous FY Transaction: Nil in 2025-26
  • Value as % of Company Turnover: 483.87% of FY25 consolidated turnover
  • Value as % of Related Party Turnover: 106.10% of FY25 turnover (₹141.37 crore)
  • Related Party FY25 Financials: Turnover ₹141.37 crore, PAT -₹32.10 crore, Net Worth ₹53.49 crore

Mrs. Kalaiarasi RPT (₹5 crore)

  • Nature: Construction services for residential building (Kalaimaran Apartment) at Mannivakkam
  • Relationship: Relative of Mr. G.V. Manimaran, Chairman & Managing Director
  • Previous FY Transaction: ₹0.15 crore in 2025-26
  • Value as % of Company Turnover: 15.95% of FY25 consolidated turnover
  • Related Party Net Worth: ₹12.29 crore as of FY25

Director Appointment Details

Dr. Swetha Sundeep Anand (DIN: 01728751)

  • Position: Non-Executive Director (Non-Independent)
  • Appointment Date: 25th May 2026
  • Qualifications: M.B.B.S. from Madras Medical College, M.B.A. from Bharath University, Ph.D. from Bharath Institute
  • Expertise: Healthcare Administration, Education Management, Business Strategy, Hospitality Management
  • Current Directorships: 6 unlisted companies including Sunma Power Private Limited, SJJ Infrastructures Private Limited
  • Shareholding: Nil in Coromandel Engineering
  • Remuneration: Only sitting fees for board and committee meetings
  • Background: Managing Director of diversified businesses across healthcare, hospitality, education, power generation, pharmaceuticals, media, and infrastructure

Voting Arrangements

  • E-voting Provider: KFin Technologies Limited
  • Scrutinizer: Ms. Vidhya Sivakumar of M/s. Vidhya & Associates
  • Voting Method: Remote e-voting only (no physical voting)
  • Result Declaration: Within 2 working days after e-voting concludes
  • Result Publication: Company website, KFintech website, and communication to BSE Limited

Financial Impact

All related party transactions are stated to be in the ordinary course of business and at arm's length basis. The financial impact is quantified as above for each transaction. The company states that the large percentage values relative to turnover for some transactions are due to the capital nature of construction projects which represent long-term investments rather than recurring revenue.

Governance Aspects

  • All resolutions were approved by Audit Committee and Board on 24th March 2026
  • Disclosures made pursuant to SEBI Circular dated 26th June 2025 on RPT Industry Standards
  • Memorandum of Interest provided for each resolution
  • Director appointment based on Nomination & Remuneration Committee recommendation