Coastal Corporation shareholders approved a final dividend of ₹0.28 per share and key board appointments at its 45th Annual General Meeting held on August 27, 2026. The scrutinizer’s report confirms that all seven resolutions were passed with overwhelming support from both promoter and public shareholders.

The meeting, conducted via video conferencing, saw total votes cast amounting to 1,99,81,184 across all resolutions. Promoter group members, holding 1,59,28,920 shares (79.7% of the voting pool), voted in favor of every resolution without dissent. Public non-institutional shareholders also backed the agenda items, though minor dissent was recorded on specific board appointments.

Voting Results Overview

The consolidated scrutinizer report filed with stock exchanges details the vote breakdown for each resolution. Financial statements and related party transactions received unanimous support. Dividend declaration faced negligible opposition, while director appointments saw slight dissent from public non-institutional investors.

Board Composition Changes

Shareholders approved the reappointment of Dr. Emandi Sankara Rao as a Non-Executive Independent Director and Smt. Jeeja Valsaraj upon retirement by rotation. The Board also added two new members: Mr. N. S. Narayan Rao as an Independent Director and Ms. Vinesha Valsaraj as a Non-Executive Non-Independent Director.

Ms. Vinesha Valsaraj, daughter of Managing Director Mr. T. Valsaraj and Director Ms. Jeeja Valsaraj, holds 25,10,665 fully paid-up equity shares. She brings a background in Business Administration and is pursuing postgraduate studies in family business management from ISB. Mr. N. S. Narayan Rao contributes expertise in economics, banking compliance, and ESG practices.

Shareholder Participation

The record date for the AGM was August 20, 2026, with 14,470 shareholders entitled to vote. Remote e-voting was open from August 24 to August 26, 2026. During the virtual meeting, four promoter group members and 39 public shareholders attended via video conferencing. No proxies were appointed, as physical presence was dispensed with under MCA circulars.

What the Numbers Show

Promoter control remains absolute, with the promoter group holding nearly 80% of voting shares and casting 100% of votes in favor across all resolutions. Dissent, where it occurred, originated exclusively from public non-institutional shareholders, representing less than 0.01% of total votes cast. This pattern underscores strong alignment between management proposals and majority shareholder interests.

Coastal Corporation 's subsidiary, Coastal Biotech, has secured an additional ethanol allocation of 4,310 KL for Q4FY26. This supplementary allocation expands the subsidiary's ethanol supply commitments for the quarter.

Allocation details

The additional allocation pertains specifically to Coastal Biotech, a co-subsidiary of Coastal Corporation. The 4,310 KL of ethanol has been allocated for the fourth quarter of FY26.